Pros and Cons of Resale and New Construction

The benefits and drawbacks of resale homes and new construction.

 

Today we’ll talk about the pros and cons of new construction versus resale homes.

Everything’s brand-new in a new construction home, but it can be a long process if the home hasn’t been built yet.  It can take up to nine months before you move in. If that doesn’t fit into your schedule, you probably need to consider resale. Also, look at the reviews of the builder. There are a lot of builders, so you want to make sure you have a good one.

A major benefit of a new home is that everything has a warranty. Because everything’s brand-new, there should be very low maintenance for the next five to 10 years. A new home is a good choice when you don’t want to do anything to the house for a significant period of time. A big con of new construction is location. If you want to live within the city, building a new home is very expensive. They also tend to be bunched together. Another con is that it’s probably far from where you work. Use Google Maps to see between the distances to the places you go often.

 

“Everything’s brand-new in a new construction home, but it can be a long process.”

 

A resale home is likely going to need some repairs, but that doesn’t mean it’s a bad home. They’re typically available to purchase and move into within 30 to 45 days. If you need to move in quickly, that’s a good option. Another pro for a resale home is location. You can likely find more resale homes within your price range inside the city or a neighborhood that you like. These neighborhoods are usually very established, have more mature trees, and tend to be more family oriented.

Whether you’re thinking about buying new construction or resale, don’t hesitate to call or email us if you have questions. We’re always happy to help you.