Pros and Cons of new Build Homes
Trying to decide on purchasing a new construction or older home? Read about the Pros and Cons of both 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 Coldwell Banker® 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 compare the pros and cons of each:
Buying a New Construction Home – The Pros
The vast majority of new homes are built in subdivisions with a unified style and restrictions in place to maintain the property values. The developers chose the location of the subdivision for one very important reason: it is where home buyers want to live. Developers factor in what people in the area can afford, amenities that most people want, and home features that are desirable to their targeted market. Simply put, they make the process as easy and enticing as possible for you. There are other advantages to opting for a newly constructed house:
- During construction you can add the extras you have always dreamed of having in your home. A garden tub is an expensive modification in existing homes; not possible in some older homes.
- 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. That means less time spent on routine maintenance. You are free to spend your off hours golfing, traveling, or just enjoying your home with a backyard cookout.
- Architects design new homes to maximize space. 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.
Buying a New Construction Home – The Cons