I'd also vote for a more established home. We went for a home built in the 80s although we could've bought a bigger, newer home further away. I'm so glad we didn't though because it would've cost us extra money in gas and I like where we live. I prefer areas that aren't pristine suburbs but are a mixture of cultures which is where we live now. The crime rate is low and the area is actually improving in terms of access to things and what not.
Anyway, one thing to think about in newer vs older homes is heating/cooling costs. A huge home will be expensive, an older home might have its own expenses such as thinner windows, doors, etc. We ended up doing a lot of energy efficient upgrades on our place including windows, doors, etc. Those are some things that you'd want to look at and save money up for if the house you buy hasn't had those upgrades.
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