If you’re considering purchasing a new home, you might be wondering if it makes more sense financially to buy a newly built home or an older existing home (resale). Well, you’re not alone.
Here are some of the unique advantages to buying new:
1. New mechanical systems will have extended warranties and save you thousands of dollars in unexpected bills over the years.
2. New appliances and other items like windows and doors are more intuitive and energy efficient saving you a ton in the long run.
3. Newer neighborhoods oftentimes include nicer and newer amenities such as pools, walking paths, playgrounds, and even sidewalks.
4. No clipped nails in the carpet, wallpaper to peel, or paint to touch up. You can easily customize a new home to your taste and style.
5. Options galore. Often existing homes don’t have the design features that often come standard in newer homes, like walk-in closets, a pantry, and larger master bathrooms. You’ll also want to think about things like electrical outlets – 30 years ago, most kitchens had one. Now, the average kitchen has four. What electrical needs will you have for a media room? Will you have to have electrical work done in an older house?
6. Better house designs. According to a recent issue of Better Homes and Gardens, many new home buyers are looking for homes that are “kitchencentric;” that is, the kitchens allow room for more than one person at a time, and open enough that those in the home can be engaged in different activities, but still connected to the family. Think about the old downstairs recreational room of the past where the TV was and kids hung out. Families want to be together – and if you buy a house without flow, it might be hard for you to get rid of when you’re ready to sell.