New homes are typically more energy efficient than older houses.Older homes tend to be less energy efficient, and that can lead to higher monthly expenditures for the new owners. So buying a old house a good idea than a new.
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If the old house is still in good shape a d affordable , then buying it will be alot more economical than building a new one from afresh. However , it is ideal to build from afresh.
I suggest that your uncle grab his friend's offer, apart from the great deal, there is also sentimental value because the property he will buy is from his friend. But seriously, he must buy it, because you can not just buy land at a great price. The price of land is high, so go for itMy uncle got a deal from is old pal about a old building for sale at a very good price. My uncle was planning on building his own house but this came has an opportunity to him.
Should I ask him to buy the old building or start building a new home for himself.
A lot of people do crazy things to make money and build lots of property that they can't live in but look at selling it off at cheap prices. If you happen to buy such, it may cost you in the end as you may not be able to use it.Yes, that's a good idea
Because you may have seen big property dealers who buy space in a good area.They build houses there and then sell them
So this is a lucrative business for them.
But the one difference between old houses and their modern counterpart is price. It's way too expensive for modern when you look at what it's been sold today. Even the rent to live in one today depending on the location of the house will be so expensive that most people who are average salary earners can't afford to pay for it.Usually, modern houses are more energy efficient than older homes, having been designed with newer construction materials, improved insulation, and state-of-the-art technology. ... Older homes tend to be less energy efficient, and for new buyers, this can lead to higher monthly spending.