There was a time when all the consumer wanted was new construction (and that still is the case for many), but in the past 3-4 years the old is what's trending.
Real estate is a product of it's time. The era when a home or building was constructed has an enormous affect on the architecture, space, features, and amenities. In many cases, it's impossible to rebuild a like kind structure in the exact same way today.
Therefore, people often jump at the chance to gain a piece of history by purchasing the bungalow that was built in the 1950's, or acquire the 9 story library built during the Gilded Age. The uniqueness and design of that era usually sparks a certain level of attraction that leads buyers to pay well over market value.
But the magic happens when modern ideas become intertwined with older structures and features.
Television shows are capturing these transformations, homeowners are making improvements, and real estate developers are taking the opportunity to be more creative in their redevelopments.
Clearly, the saying "Out with the Old, In with the New" today should read something like "In with the Old, Add in the New."
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