New Construction Vs. Resale Homes

When looking for real estate to purchase, the choices may seem endless. One of the questions on your mind may be whether to purchase a resale property or a new construction property. As with most decisions in life, there are pros and cons for each type. Including the following factors in your decision-making process can help you make the right choice.

Condition

As most people would assume, a resale property has generally been lived in by other residents since it was built and therefore may have suffered some wear and tear. Many listed resale properties receive a makeover which often reduces or eliminates any evidence of its experiences. You may discover fabulous upgrades in a resale home that would cost you a fortune in a new construction real estate sale.

New construction is generally without wear and tear, though you should still be cautious of its condition. Not all builders use the highest quality materials or build homes that are solid and plumb.

In either resale or new construction sales, you should always opt for a professional home inspection before sealing the deal on your purchase. 

Upgrades

One of the nice facts about new construction is that you may have input to your home’s final appearance. Custom touches, preferred color schemes and design elements are often flexible when working with a builder or new construction seller. These elements may come with a hefty price tag for a new construction property, whereas you could change color schemes for fairly low cost with resale real estate. You may also be able to negotiate in upgrades with a seller of a resale property, especially for items like carpet.

Energy Efficiency

New construction usually wins the battle where energy efficiency is concerned. Builders now have the option of incredibly energy-efficient windows and doors, solar panel energy and other green-building options. Older resale homes may have depleted insulation or older windows that leach energy so the cost to upgrade these items should be included in your decision-making process.

The real estate market offers an infinite amount of options and only you can determine what you want in your next home. Working with an expert realtor will help optimize your search no matter what you desire!