If you are looking for a new home, you might be wondering whether to buy a new construction home or an existing one. There are advantages and disadvantages to both options, and your decision will depend on your preferences, budget, and needs.
Here are some of the pros and cons of buying a new constructed home.
Advantages of buying a new constructed home:
You can customize your home to your liking
You can choose the floor plan, design, finishes, appliances, and features that suit your taste and lifestyle. You can also add upgrades and extras that will make your home more comfortable and efficient.
You can benefit from modern technology and standards
New construction homes are built with the latest materials, systems, and codes that ensure quality, safety, and energy efficiency. You can also enjoy smart home features that allow you to control your home remotely and conveniently.
You can save on maintenance and repairs
New construction homes come with warranties that cover structural defects, appliances, and systems for a certain period of time. You can also expect fewer issues and problems with a new home than with an older one that might need more upkeep and renovation.
Disadvantages of buying a new construction home:
You might pay more than for an existing home
New construction homes tend to be more expensive than older homes of similar size and location. You might also have to pay extra fees for upgrades, landscaping, closing costs, and homeowners association dues.
You might have to wait longer to move in
New construction homes take time to build, and there might be delays due to weather, permits, inspections, or labor shortages. You might also have to deal with construction noise and dust in your neighborhood until the project is completed.
You might have less room for negotiation
New construction homes are usually sold by builders or developers who have a fixed price and terms for their properties. You might have less flexibility and leverage to negotiate the price, contingencies, or incentives than with an individual seller.
"Mr Consistency"
Vince V
Marketing Associate