So, you’re thinking of buying a home?? Well you made a good decision. This is a great time. Economy booming, and Interest Rates are low.
But the dilemma is NEW VS. RESALE?? You will probably hear opinions on both. There are advantages to both, and your individual needs---not the age of the structure.
WHY BUY A NEW HOME?
The idea that you are the first- time owner of the home might be appealing. The shiny look and feel of a new home, and new neighbors probably moving in may appeal. You can customize and pick the colors of your home. This can all be fun and exciting. So, let’s look at some other advantages:
- New homes are more likely to be wired with new technologies, such as multiple phone lines, high speed internet and extra cable outlets.
- Many home builders will offer warranties.
- More safety features and fewer health hazards as they are conforming to today’s building codes.
- New materials used in building and new appliances, less maintenance.
- New homes offer updated architecture and rooms that are more conducive to today’s living.
- The insulation and windows are more energy efficient
- The updated building material requires less maintenance, such as vinyl windows and pressure- treated wood that resist rot and insects.
- Easier to customize with plumbing fixtures, light fixtures and paint.
Character, Charm, Mature Trees and Foliage. Established neighbors. You might favor the more traditional home that you can transform before your eyes and be proud of your accomplishment. It can be fun to tweak your home to your liking.
- Buyers have more negotiating room on price or terms of sale.
- Resale Home (depending on the state) can have lower property tax rates.
- Traditional layouts may offer areas such as formal dining and living areas,
- Buyers most likely can buy a larger home for the same money with a Resale than with new home construction.
- Negotiating on the price of a Resale is more likely than on new construction.
- Resales many times come with complete items. Landscaping, window treatments, not included in new construction.
- Resales typically have more land than newer properties.
- Homes are often in older, more convenient metro areas, rather than in outlying suburbs
- An Existing home can be used as a base for expansion and modernization building a unique property.
- As you can see, both offer significant, but different advantages. Keep in mind, it is all about which property meets your significant needs.
“That said, people who typically buy new-builds would rather be out and about, than gardening.” Like new cars, which depreciate in value after a few hundred miles, brand new homes are not brand new forever. If you have to sell a new-build after 12 or 24 months, try to make sure you
THOUGHT FOR THE DAY: YOU HAVE TO DO A LOT OF SWEATING BEFORE YOU EARN THE RIGHT TO PERSPIRE.
Please contact us at REMAX LAKE COUNTRY WITH ALL YOUR REAL ESTATE NEEDS. OVER 25 YEARS EXPERIENCE.
Shirley or Don Smith can be reached at 706-453-6333. REMAX LAKE COUNTRY