Old Is the New Starter Home: Why Buyers Are Paying More for Existing Homes

When you hear the phrase “starter home,” what comes to mind? For years, it was a picture of something small, new, and relatively affordable. But in today’s real estate market, that definition is shifting. More and more buyers are choosing — and even paying a premium for — older, existing homes instead of chasing brand-new construction.

Here in Fort Lauderdale and across Broward County, this trend is becoming clearer with each passing season. Let’s dive into why buyers are rethinking what a starter home really means, and why this could be good news for sellers with older properties.

Why New-Builds Aren’t Always the First Choice

New construction has its appeal — everything shiny, modern layouts, energy-efficient systems. But with construction costs climbing, those “starter” new builds are now out of reach for many first-time buyers. The price tag doesn’t align with what buyers expect to spend at the entry point of homeownership.

In neighborhoods across South Florida, buyers are turning away from pricey new developments and instead exploring established communities like Wilton Manors, Oakland Park, and Dania Beach. They’re realizing that an older home can actually deliver more value for the money.

The Charm of Existing Homes

Older homes often come with something you can’t build new: character. Think mid-century ranches in Oakland Park, vintage cottages in Wilton Manors, or waterfront condos in Pompano Beach. These properties reflect the history and personality of the community — and for many buyers, that charm outweighs the shine of brand-new drywall.

Beyond charm, existing homes tend to offer larger lot sizes, mature landscaping, and established neighborhood amenities. Buyers are increasingly willing to pay more for these intangible qualities that make a house feel like home from day one.

Why Sellers Should Pay Attention

If you own an older home, you may think you’ll be overlooked by buyers chasing new builds. But today, the opposite is often true. The shift in buyer mindset means that well-maintained older properties are in high demand. When priced correctly and marketed professionally, they can attract strong offers from buyers who see the value in an existing home.

As an added bonus, older homes in Broward County are often located in highly desirable, established neighborhoods close to shops, schools, and beaches. That convenience is priceless — and buyers know it.

The Local Market Shift in Fort Lauderdale

In Fort Lauderdale, Wilton Manors, Oakland Park, Pompano Beach, and Dania Beach, we’re watching this trend play out in real time. Buyers who once dreamed of a brand-new townhome are now embracing the possibilities of a mid-century ranch or an updated condo with character.

This doesn’t mean new builds don’t have their place — they absolutely do. But the broader picture is clear: “starter home” no longer automatically means “new home.” The definition has expanded, and older homes are stepping into the spotlight.

Final Takeaway

The image of a starter home is changing, and that’s good news for both buyers and sellers in Broward County. Buyers have more options, sellers with older homes have more leverage, and the overall market becomes more balanced. If you’ve been on the fence about buying your first place or selling your existing one, this shift might be the opportunity you’ve been waiting for.

TL;DR Summary

• Starter homes are no longer limited to small, new builds.
• Buyers are increasingly paying more for older, existing homes.
• Character, location, and value make older homes attractive.
• Sellers with well-maintained older homes can benefit from this trend.
• Fort Lauderdale and Broward County are seeing this shift firsthand.

About Scott Morreau

Scott Morreau, PA is a top-rated Realtor® and Broker Associate with Real Broker, LLC, specializing in residential real estate in Fort Lauderdale, Wilton Manors, Oakland Park, Pompano Beach, Dania Beach, and the surrounding Broward County communities. Licensed since 2001 and active in South Florida since 2006, Scott has closed over $52 million in Florida real estate, including $7.1 million in the past year alone.

Ranked among the top 500 agents in the region, with 70+ five-star reviews, Scott is a trusted resource for luxury and waterfront homes, investment deals including 1031 exchanges, relocation in or out of South Florida, and LGBTQ+ clients. Scott is known for concierge-level preparation, expert market insight, and a client-first approach he calls A Better Real Estate Experience.

📲 Call or text Scott at (954) 562-5111 or visit Scott Morreau PA - Top Realtor Wilton Manors & Fort Lauderdale Real Estate

All statistics, figures, and market data cited in this post are drawn from reputable sources such as NAR, Florida Realtors®, MLS data, Redfin, government property records, or reputable media outlets. Data is deemed reliable but not guaranteed.

This article was drafted with the assistance of AI technology and may contain errors or omissions. For the most accurate and personalized guidance, please contact me directly.