Which is right for you?

When it comes to purchasing a home, there are two main options to consider: new construction or resale. Each option has its own set of benefits and drawbacks. The right choice will depend on your individual needs and preferences. In this blog post, we’ll take a closer look at new construction vs. resale homes to help you can make an informed decision on buying new construction vs. resale.

New Construction

Pros of New Construction:

• Customization options: When you purchase a new construction home, you have the opportunity to personalize it to your liking depending up which stage of construction you make your purchase in. If custom building you make every selection from finishes and fixtures to designing the layout of your home. If you purchase a home that is currently under construction, you often have the opportunity to decide on finishes and colors. this can be a huge benefit.
• Warranty: New construction homes come with a warranty from the builder as well as all manufacturer’s warranties on the system and appliances in the home, providing peace of mind for potential issues that may arise.
• Energy efficiency: New homes are built with the latest energy-saving technologies, which can result in lower energy bills.
• Modern features: New construction homes often come with modern features, such as smart home technology, that older homes may not have. New homes also tend to have floorplans that are specific to the way folks are living in homes at the time.

Cons of New Construction

• Higher cost: New construction homes can be more expensive than resale homes, especially when you factor in the cost of customizing the home.
• Lead time: New construction homes take longer to build and may not be ready for move-in right away.
• Location: It can be difficult to find new homes in communities where you want to be.

Resale Home

Pros of Buying a Resale

• Established neighborhoods: Resale homes are typically located in established neighborhoods, providing a sense of community and a known location.
• Mature landscaping: Resale homes often come with mature landscaping, providing a sense of privacy and an established outdoor living space.

Cons of Buying a Resale

• Limited customization: Resale homes may not offer the customization options that new construction homes do, and any changes made to the home will come at an additional cost.
• Older features: Resale homes may have older features, such as outdated appliances and plumbing, which may need to be updated.
• Lack of warranty: Resale homes do not come with a warranty, and any issues with the home will be the responsibility of the homeowner to address.

Considerations of Buying New Construction vs. Resale

• Location: The location of the home will be a significant factor in your decision. New construction homes are often located in growing communities, while resale homes are typically located in established neighborhoods. New construction in established neighborhoods can be harder to find.
• Budget: The cost of the home will be a major factor in your decision. The overall price of a brand-new home may be higher than some resale homes but you need to factor in renovations that you may want to add to an older home. 
• Timing: The timing of your move will also be a factor. New construction can take longer and may not be ready for move-in right away, while resale homes may be available for immediate move-in.
• Maintenance: Consider the maintenance and upkeep of the home, as well as any potential hidden costs. New construction homes may require less maintenance, while older resale homes may require more.

In Conclusion

There is no one-size-fits-all answer to the question of new construction vs. resale homes. The right choice will depend on your individual needs and preferences. By considering the pros and cons, as well as your budget, timing, and location, you can make an informed decision. 

Currently, there are a lot more new construction options than what we have seen available in our market for some time. We definitely feel that this may be a great time to get a better deal on new construction than what was possible a year or two ago. Trying to figure out where to start if you are considering a new build or a custom build can be tricky. Of course, we can help you with new construction or the purchase of a resale. Our Buyers’ Guide can help walk you through the homebuying process.

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