The 'resale' price of your home will be in accordance with what sells in your area at any given time.
Feel free to call or email if you have further questions.
I live in 77077 zip code and started in West U in 1967--there's not enough time/space to explain that areas change. Even in west Houston we have larger lots than the new communities and in some areas they are beginning to tear down older homes just to build bigger, more modern homes. Yet lot of older homes have a special charm and are popular. Not everyone wants to be on a block where you have to know the house number to find which one--they look almost alike.
If I can help--glad to!
Brenda Peavy, Broker
I have two other buyers currently looking for 100 year old houses.
Some people want new, some want old, some want somewhere in between. So every buyer is different.
Think of Europe where there are plenty of houses 200-300 years old.
I would guess the neighborhoods in Houston with the most expensive homes on average also has some of the oldest homes on average.
A Realtor that knows the market should be able to help you make a good decision, and dont skimp on your Inspector. He/she is worth their weight in gold because even if you buy a house "as is" you will now have a list of everything that needs to be done to bring up to par, look at it like your adoption papers for the house....
Like Al said, you would be amazed at how much an older home can fetch, especially since a lot of them have bigger yards and mature trees...
Check out my website and send me a messege if you are not working with an agent yet !
Price is affected primarily by condition and location. If the home is in great shape (especially if it's been updated) and in a desirable area, resale won't be affected a bit. I live in a subdivision of homes built in the '60s ... and even I'm surprised at the prices they command. If I can provide any additional information, drop me an e-mail.