Deciding between old and new?
There are pros and cons to buying a new construction home that youll want to consider as you shop.
A new build, on the other hand, offers a buyer a clean slate.
Credit: Rett Peek
Theres more to it than just that feeling, though.
Customization
When you buy an existing home, the floorplan you see is the floorplan you get.
Building your own home often means you have more ways to customize the property.
Credit: Kim Cornelison Photography Inc.
If youre working one-on-one with a builder, youll likely have control over every aspect.
Buying a new construction homewill also offer some opportunities for customization.
That means fewer hiccups with your homes plumbing, roof, and other key infrastructure.
Credit: Brie Williams
Usually this is a two-year warranty.
Its worth noting that you’re free to purchase warranties for older homes, as well.
With a new construction home, everything is brand new and ready for you to move in.
Credit: Stacey Branford
Not only is the home in peak condition, but youll also likely save money on utilities and insurance.
Modern Finishes
Gone are the days ofsplit-levelsand cramped second floors common in bungalows.
New homes are more likely to have those things.
Cons of Buying a New Construction Home
Of course, newly built homes arent perfect.
There are some compromises youll have to make if you choose to go this route.
We also like the idea that new construction is a safe bet.
Because multiple homes are being built in the neighborhood, it holds its value, she says.
This will give you a better sense of the builders reputation and the quality of their work.
Dont skimp on research when it comes to such a big investment.
Its no easier with new builds.
Delays are common innew build schedules.
So much can change as a company sources materials and labor to finish your home.
Work with a real estate agent to get a good handle on those schedules and to stay updated.
You might need to secure temporary housing or have an option on standby should the project fall behind.
When deciding between a new construction and an older home, buyers should consider several factors.
An older home might fit the bill if you cant afford a new build.
If you want to be hands-on in the process, a new build could be the answer.
Consider too whether you want a move-in ready home, Bergmann says.
Weighing all these factors will help you make the best decision for your lifestyle and budget.
