Question: “We’re looking to purchase a home, but aren’t sure where to begin. What are pros of buying a new house vs. an existing one?”
Our suggestion: Buying a brand new house offers some real advantages to a home buyer. There are fewer repairs on heating and cooling units, and you’ll have new appliances that are less likely to need service.
Most newer homes have garages—a real plus! New homes also have some technology benefits. Most are pre-wired for computer systems, entertainment, and modern appliances and conveniences.
Conversely, existing or older homes have their advantages too. These homes are located in established neighborhoods and near conveniences like parks, libraries, schools, and shopping centers. You’ll also have mature vegetation from large trees, to greenery, and shade…another big plus. New homes and new neighborhoods just can’t offer that.
Older homes may have more architectural charm and style. Older homes may have hardwood floors, alcoves, built-in bookcases, and amenities not found in newer homes. They also may have larger lot sizes, giving your family a little more room to roam.
Consider the new neighborhood… how many years will the developer be building? Remember that you will be living in the midst of that construction. Also, if you need to sell in a few years, consider whether you will be competing with new construction.
It really comes down to what you want in a home, and where you want to live. If you’re thinking of buying or selling a home and need competent and caring representation, please call me at (434) 981-0871, or email me anytime!