Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Chesterfield, Midlothian and Powhatan area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
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Buying Land and New Construction >Buying New or Buying Old
New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.
Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.
New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.
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| Q |
What celebrity home sold recently for a reported $5.5 million, despite its yellow-and-rust striped paint job?
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| A |
This Hollywood Hills residence was the former home of the popular singer, Madonna.
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 See More Real Estate Trivia > |
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Phyllis Anderson
Long and Foster Realtors
9321 Midlothian Turnpike, Suite E Box 35075
Richmond, VA. 23235-0075
voice mail: 804-327-1073
Fax: 804-320-3341
office: 804-560-7625
cell: 804-356-8772
Email: phyllisanderson@NUMBER1EXPERT.com
When you hire me as your agent, I will serve your interests and agenda with diligence. I will meet your needs for regular communication, accurate information, and details pertinent to the transaction. Thanks, in advance, for your trust and your business.   
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