Port Ludlow Homes Blog

Cost of Owning a Used Home and the Benefits of Owning a New Home

When you're looking to buy a home, you obviously have two options: buy a used home or one that's new. While both undoubtedly have their perks, when it comes to the latter, there's nothing quite like the experience of buying a new home. While we'll discuss more about the benefits later, right now, let's talk money. While it can be a touchy subject, it’s also a rather important one considering what the cost of a home could be. You work hard for your money, so you want to make sure it's being used wisely, right?

There are several factors involved in the cost of a home (such as size and location), and according to the National Association of Home Builders (NAHB) the median cost of a new home in April 2017 was $309,200 while the median cost of an existing home was $246,100. However, what if we told you that a 2014 NAHB article, New Homes are Less Expensive to Maintain, claimed that over time, it's going to be cheaper to maintain a new home? With that said, let's discuss some of the costs you may potentially face with buying a used home over one that's new.

Repairs

While you might think that the previous owners are going to repair everything in the home that needs to be taken care of before you move in, that’s not necessarily true in many cases. It all depends on the agreed upon terms. In some cases, you may have to take some, most, or all of the repairs on yourself so you'll have to be financially, and emotionally, prepared to do that. You might find yourself fixing a loose railing in the backyard, repairing a fence, or having to fix loose stairs. Individually, they might not seem like much, but when added together, it could be a pretty big amount especially...

Downsize in Port Ludlow Sweepstakes Grand Prize Winner!

Week #7 Prize Winner

CONGRATULATIONS TO THE WINNER OF WEEK #7!

We are officially at the end of Week 7 in the Downsize in Port Ludlow Sweepstakes and that means it is time to announce the winner of the Week 7 Prize! One of our most sought after packages at the Resort at Port Ludlow is our Farm Package. This package is the WEEK 7 PRIZE  in the, Downsize in Port Ludlow Sweepstakes!

This Package Includes:

  • One night accommodations for two in a beautifully appointed guest room with an oversized jetted tub and a gas fireplace
  • Self-guided farm tour of Chimacum Valley Farms and "Farm Bucks" to purchase ingredients
  • Multi-course meal created by our Chef using your chosen ingredients

Upon check-in you will be provided with a basket to collect farm fresh products with "Farm Bucks" to spend at the local farms. Relish in the experience of exploring three Chimacum Valley farms as you gather ingredients. Upon returning to the Inn, your farm fresh goodies will be whisked into the kitchen where our Chef will transform your chosen ingredients into a personalized, multi-course meal.

WEEKLY WINNER #7

Now, what we’ve all been waiting for…the winner of the Week #7 Prize is...Julie R!

Thank you to everyone for participating in the Downsize in Port Ludlow Sweepstakes! 

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