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This is why here in the NYC area burbs fully renovated by ndwifemom
Old homes sell for a premium. People like the old details such as room size, original moldings, parquet floors, etc. and the upgrades such as new kitchens, baths, new windows
and roof, electrical, central air and upgraded heating plant, etc. a young couple can buy such a house and know they will likely not have to put substantial $ into it for many years. With mortgage rates where they are, it makes sense.