Are you planning to make a move this year? With so few homes available to buy right now, it is important that you really consider all of your options. Let’s take a look at the Pros and the Cons of building a new home versus buying one that already exists.
Pros to New Construction Homes
- Customizable Features
- Warranties
- Energy Efficiency
Cons to New Construction Homes
- Higher costs can come in the form higher price per square foot, material cost, and features potentially not included like fences, basements, and sod.
- Limited negotiating power as the builder is frequently the seller and wants to maximize profit.
- Decision fatigue can happen when deciding between all of the customizable features.
Building a new home lets you choose the features that you like the most, it’s customizable, and everything is brand new. Plus, new homes usually come with warranties and greater energy efficiency, both of which can help you save money in the long run. New construction homes tend to have lower maintenance with no immediate projects to manage, which can provide peace of mind.
Pros to Resale Homes
- Variety of Styles and Floorplans
- Established Neighborhood
- Move in Faster
Homes that have been lived-in, or resale homes, offer a wider range of styles and floorplans. They allow you to join an established neighborhood, plus you can usually move-in faster without waiting for a new home to be built. New construction homes can work on a longer timeline, so if you have a short buying window, then resale homes might be the best fit.
There is a lot to consider when thinking about new-build homes versus buying an existing house. This is why it is so important to work with an expert advisor and top real estate agents to help you weigh all of the options in todays real estate market.
Things to Remember when looking at New Construction Homes
A couple important things to remember before you wander into a model home all by yourself. Look around you, everything you see is likely not included or it is an upgrade. You will not save money by not using a real estate agent, but the builder will make more money. The nice salesperson onsite works for the builder, and not for you, so make sure you have representation.
If you’re thinking about your next move, then let’s get together and talk about what is available for real estate in Parker, Colorado and the surrounding area (Homes for sale in the Denver Metro Area).
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