With the surge in new housing developments, many buyers are looking towards newly constructed homes. Are these a better buy than an existing home? The answer is all personal preference.
The standards in today's construction development are high. Newly constructed real estate have standards of quality control that must be meant. Construction of the homes is performed with newer techniques and almost all are more energy efficient than the older homes. Buyers are typically presented with good financing options and a one plus year warranty on many of the homes features and structure. The disadvantage of the new home is although they are easy to obtain selling them is difficult for years to come and the end price is often times higher than that of an existing home. However, one advantage is that home builders will often offer thousands back and require little down payment. They will also offer upgrades and incentives for the buyer to purchase. Buyers of newly construction need to also be aware that the neighborhood landscaping will take years to mature. With the existing, older homes streets are lined with fully mature trees. However for the fresh, new and shiny with a clean smell of a new construction then the new home will likely be your answer.
Existing Real Estate
Existing homes are houses that have been previously owned. They have been constructed and decorated and upgraded to their previous owners likes and dislikes. Often times the construction of these homes is better. Many buyers find existing homes charming with a history of having previous owners vs. the newly constructed home being cold and not lived in. The age of the home makes the home reputable and the area is established with schools, trees, and neighbors. They may have been custom homes or remodeled including interesting rooms and floor plans. The existing homes are for people who like an established property. They are also easier to sell even shortly after you purchase. With the existing home you can also get a homeowners insurance plan that will cover repairs in the home. While these properties may not appeal to everyone they are attractive to many.
Ask yourself, which is a better fit for you- a new or existing house. People will find that they do have a preference and that is where you should be shopping. Look at a few existing homes, then visit a few new home developments. Get a feel to what feels best to you. That will be your answer.
The standards in today's construction development are high. Newly constructed real estate have standards of quality control that must be meant. Construction of the homes is performed with newer techniques and almost all are more energy efficient than the older homes. Buyers are typically presented with good financing options and a one plus year warranty on many of the homes features and structure. The disadvantage of the new home is although they are easy to obtain selling them is difficult for years to come and the end price is often times higher than that of an existing home. However, one advantage is that home builders will often offer thousands back and require little down payment. They will also offer upgrades and incentives for the buyer to purchase. Buyers of newly construction need to also be aware that the neighborhood landscaping will take years to mature. With the existing, older homes streets are lined with fully mature trees. However for the fresh, new and shiny with a clean smell of a new construction then the new home will likely be your answer.
Existing Real Estate
Existing homes are houses that have been previously owned. They have been constructed and decorated and upgraded to their previous owners likes and dislikes. Often times the construction of these homes is better. Many buyers find existing homes charming with a history of having previous owners vs. the newly constructed home being cold and not lived in. The age of the home makes the home reputable and the area is established with schools, trees, and neighbors. They may have been custom homes or remodeled including interesting rooms and floor plans. The existing homes are for people who like an established property. They are also easier to sell even shortly after you purchase. With the existing home you can also get a homeowners insurance plan that will cover repairs in the home. While these properties may not appeal to everyone they are attractive to many.
Ask yourself, which is a better fit for you- a new or existing house. People will find that they do have a preference and that is where you should be shopping. Look at a few existing homes, then visit a few new home developments. Get a feel to what feels best to you. That will be your answer.
