Pros and Cons Of Buying New Construction VS A Resale Home
Even though most homes for sale are resale, did you know that one out of four homebuyers purchases a new home instead?
Which is better: existing or new?
The correct answer is, of course, it's up to YOU. Both resales and new homes offer advantages. A new special report identifies 10 Secrets Every New Home Buyer Should Know, including little-known buyer advantages that most builders won’t divulge unless pressed.
Read this free report to determine what issues will impact your decision to buy new or resale.
The Advantages of Buying an Existing Home
Some people like buying older homes because they were built more sturdy years ago. If you are thinking about buying a resale home, here are some advantages:
- Existing homes are less expensive on average
- They generally close faster
- The security of an established neighborhood
- Surroundings of the home and landscaping
When the home inspection is done, you know exactly what you are getting into with an existing home. You also have an opportunity to speak to the previous owner to find the information they would not have access to if they bought new construction.
Heating and cooling costs, area crime rate, and the best schools are good examples.
CON: An existing home could have problems, repairs, and upkeep regardless of whether the house passed the inspection. If something goes wrong, all warranties have expired, and the expense falls on you.
The Advantages of Buying New Construction
Many people like living in a brand new home that nobody else has lived in. New construction also offers:
- Innovative use of space
- Modern energy efficiency
- Choices of options and upgrades
- Peace of mind everything is under warranty
CON: Today, many developers are building new homes and throwing them up faster than dinner in a slow cooker. They often use cheaper materials, and they look just like every other house on the block.
You can ask the builder how the home was built and what materials they used. But once you read our report, you will find the answers you need.
You Will Love Your New Home, or We'll Buy It Back
No matter what type of home you end up choosing to buy when you work with Your Home Sold Guaranteed Realty-By Gupta Group, we will give you this guarantee upfront and in writing that will state that a buyer will love your new house, and if for some reason you don't, We Will Buy it Back – Guaranteed!*
Call us at 408 740 7400 to discover the secrets of new construction vs. resale homes and how this guarantee will protect you. Fill out the form below for more information.