Weighing Your Options: New Construction or Resale?

These are the pros and cons of buying new construction versus resale.

When you’re in the market to buy a home, you can choose between new construction and resale homes, which are homes that have been previously lived in. But which is the better option? Today I’ll list the pros and cons of both new construction and resale homes to help you make an informed decision.

New Construction:

Pros:

Customizable layout and design
New amenities 
Energy efficiency
Home warranties
Higher resale value
Fewer home repairs

Cons:

Higher price
HOA fees
Less charm
Limited negotiation room
Extensive landscaping

“Making a checklist of your must-have features will help you identify what you can’t live without.”

Resale Homes:

Pros:

More styles to choose from
Many repairs have already been made
Lower in price
Landscaping is fully grown
Faster buying time

Cons:

Homes are typically smaller
Less energy efficient
Require more maintenance
Contain older appliances
Fewer accessibility features
Questionable coverages.

Regardless of whether you buy a new construction or resale home, the process will require plenty of research, patience, and compromise. Making a checklist of your must-have features will help you identify what you can’t live without.

If you have any questions about buying a home or real estate in general, don’t hesitate to give me a call or send me an email. I’d love to hear from you.