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Is buying an old home or a building a new track home a better investment for the future?

Hi guys, I’m a first time homebuyer and trying to figure out whether to buy old or build new. I live in an area with a lot of neighborhoods from the 50s-70s that haven’t been updated much since they were built but also the local tech boom has brought tons of new housing developments to previously semi-rural areas. The housing race has spiked home prices a lot so I’m looking at a budget of around $350k-$410k for a smaller new build in a more out of the way community or an old home on a better lot that probably needs a lot of work and most likely won’t be the coolest/prettiest “vintage” house on the block.

My decision is boiling down to: which type of home will have a better chance of selling in 5-10 years? Like for example, I know the market is unpredictable, but what type of house has a better chance of selling (hopefully making a little profit, but that’s beside the point) rather than becoming an unsellable albatross around my neck if the housing market goes down? I know it’s always a risk but I just don’t want to get stuck with the house once I’m ready to move on!

Thanks for your help! ✨

submitted by /u/witch___baby
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source https://www.reddit.com/r/RealEstate/comments/gudd8s/is_buying_an_old_home_or_a_building_a_new_track/
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