Buying a New Construction Vs Buying a Resale Home

In today’s housing market, buyers are likely to consider every available home for sale. As you weigh in whether to choose new construction vs existing homes, here are some things to consider.

Advantages of buying a new construction

Modern and customizable

If you opt for a custom-built home, you’ll work with the contractor to create a traditional or modern layout that works for your life. Even if you’re not getting a custom home, you may be able to upgrade finishes from builder-grade materials if you connect with the builder before construction is completed

Energy efficiency

Smart appliances and home systems are more energy efficient. And more efficient insulation and windows create homes that are less expensive to heat and cool than older models which translates into lower utility bills. The buildings, paints, alarm systems etc are all top of the line with no risk of any kind of emissions or harmful chemicals. 

Lower maintenance

A newly built home typically requires less maintenance since everything from appliances to the HVAC system and roof are brand new. This means you can better predict monthly homeownership costs, since you’ll likely spend less to maintain your home. Many newly built homes have warranties that can protect components of your new home for years before you need to undertake any major repairs.

Monetary Benefits

Most new constructions come with the option of availing special locked in rates and other concessions that are usually not made available while purchasing a resale home. 

Advantages of buying an existing homes

Move in-ready

It’s less likely that you’ll encounter surprises that push back the day you can move in once you close. Unless you’re buying a fixer or plan to do extensive remodeling prior to moving in, you’ll be able to move in when you get the keys. 

Established neighborhood

One of the pleasures of an established neighborhood is the maturity of the trees and landscaping, not only along the streets and in the parks, but also in your neighbors’ yards.

Flexibility for price negotiation

Existing homes tend to be less expensive than new construction. This allows for some wiggle room in price negotiation. 

Fewer decisions

Building a custom home involves a lot of decision-making. This includes everything from the floor plan to interior and exterior finishes and materials. An existing home allows you to focus on the areas that need sprucing up or that you want to customize to reflect your personal style and preferences.

Old School Charm

Older homes are more likely to have architectural details that would be hard and expensive to replicate. They also sometimes have great stories behind them that you become part of when you move in.

Give us a call to talk more about what would be a good fit for your lifestyle!