Updated: Mar 5, 2021
I always lived in a new construction. Until I didn't. We bought a '60s house that was renovated along the way but most recently in the 90's. We bought our house in 2016. You do the math.
The life expectancy of everything was 1-5 years, according to our inspector. Five years, we figured, we'll have time. Looking back we were so naive. We started some minor renovations that summer and our HVAC system went. Then we got back from our Christmas vacation to a broken well pump and it all spiraled out from there. Water heater, water tank, you name it, we replaced it. The good thing is now we have all new mechanicals but the bad news is that every few months we were sinking money into improvements that didn't add any aesthetic value. Moral of the story - listen to your inspector. If he says 1-5 years, assume one, not five. Don't get caught up in the emotion of the purchase. Set realistic expectations (I'm still working on this one).