New construction home or older home? Which one suits you best?

slerner Buyers , General , Real Estate FAQ's , Renters , Sellers Leave a Comment

Read on and decide which option is best for you.

Whether you are buying a new or old home, there are plenty of things to think about.

Pros and Cons of New Construction Homes and Older Homes

When searching for your home, keep in mind that you are in control of the transaction. You choose your real estate agent, home inspector, mortgage provider and of course, your home. All of these decisions can sometimes be overwhelming, and for some people, turn what should be an enjoyable experience into something they dread. However, with the guidance from a knowledgeable agent, the purchase of your next home will be something you celebrate and enjoy for many years. Your lifestyle and how much you enjoy the ongoing maintenance and upkeep associated with homeownership are key considerations to finding the best home for you. Most people prefer new construction over existing homes. But older homes have some advantages that should not be overlooked, and may make an existing home the right choice for you.

Let’s find out!

New Construction Home – The Pros

  • During construction you can add the extras you have always dreamed of having in your home.
  • New homes feature the latest styles like an open floor plan and large family rooms for entertaining guest.
  • Most new homes have low-maintenance exteriors such as vinyl-wrapped windows, trim, and railings.
  • Engineers develop construction materials for optimal energy efficiency. Highly efficient HVAC systems, windows, and Energy Star appliances equate to lower utility bills.
  • New homes come with a one-year warranty; some builders include warranties for up to 10-years.

New Construction Home – The Cons

  • There is very little room for negotiation.
  • New constructions often lack mature landscaping and may have smaller lots than existing homes.
  • It could take many months or years for the development to build out and new construction to cease.
  • Possibly tight subdivision restrictions.

Older Home – The Pros

  • You have more styles to choose from.
  • Individual sellers are often more negotiable on price.
  • Neighborhoods are more established.
  • They tend to have more character.

Older Home – The Cons

  • Typically much less energy-efficient than new homes.
  • May have smaller rooms.
  • Generally require ongoing maintenance and have less useful life remaining for things like the furnace, roof, and appliances.

It is very important to know the pros and cons of both types of homes because if you are trying to sell your older home it is important to know what you are competing against when selling.  If you are wanting to buy a home because you want to get rid of your old one, it is important to know what you will be getting into if you purchase a new construction home.

Regardless of wether you are buying a new home or selling your old home, I’d like to help you through the process, so give me a call and let’s view your best options over a cup of coffee!

Read the Original Article Here: Weighing the Pros and Cons of New Construction Homes and Older Homes

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