Construction Industry Trends: Should I Buy a New Home or an Existing Home?

At some point in your life you might be faced with a decision to buy a new home or an existing home. There are quite a few things that you need to take into account when trying to figure out which one is the right choice for you. Take a look at what the professionals in the construction industry have to say on the matter.

New Construction

Perhaps one of the greatest things about buying new construction is all of the money-saving advantages that come along with it. Not only are you getting a brand new home with a contemporary style, but you are getting all of the latest and greatest in construction and appliances. This will save you lots of money since the home will be cheaper to maintain and cheaper to operate. You're looking at fewer repairs on appliances, along with solid, energy-efficient construction. Newer building materials are generally safer, and your new home will probably come with construction and appliance warranties. In most cases, you will have flexibility on the design of your new home as well.

Existing Home

Of course with an existing home you have the potential to pay much less for it since it is not new and will likely need some repairs and/or updating. If you don't mind remodeling, you might want to consider an existing home. No worries, because any known issues with the home will be disclosed to you. Older homes tend to have a charm and a distinctive character that you just can't find in new homes. Plus the fact that the neighborhood is probably more established with many more homes and styles to choose from.

The main goal is to select a home that feels right to you and is conducive to your lifestyle. There are pros and cons to both ends of the spectrum. Contact us today to find out more about your home construction and remodeling options!