So you’re ready to make one of the biggest decisions of your life: buying a home. Congratulations! Now you’ve got a big list of decisions to make, but the first question you need to address is whether to buy a new home or a used house.
It’s a question worthy of serious consideration, as each option has its own merits. The older house on the block is full of charm, but may require additional time and money to repair. The new home comes complete with the all the options and upgrades you select. So how do you decide? Here are some points to consider before making this decision.
One of the biggest responsibilities of homeownership is the maintenance and repair your home will need to undergo over the years. Unlike an apartment, you will personally bear the cost of these repairs, in addition to being responsible for ongoing maintenance that ensures your home runs smoothly.
One of the greatest benefits of a newly built home is its new, and typically warrantied, parts. But more than just being new, advances in building technologies have allowed builders to create better, more durable home components so there’s even more value in the investment of your home.
When it comes to used houses, repairs will be much more frequent. Even houses that are only 10-20 years old will soon need repairs of costly components such as an HVAC system, or roof. And this doesn’t include any cosmetic changes you’ll want to make, which add up quickly.
Newly built homes allow home buyers countless abilities to customize their own home. From choosing the floor plan to the interior features such as flooring, cabinetry color, granite, lighting, and more. Choosing a new home means moving into a house that’s realizes your vision and is ready to be lived in.
On the other hand, it’s no secret that used houses come as they are. So when considering this type of house, be sure to include the prospective costs of renovations you’re planning to make into the cost of the house. Ultimately, the money you’ll end up sinking into repairs and renovations, makes the price more comparable to that of a new home.
Used houses could come with a host of health issues from lead-based paints, to poor air filtration, and low-quality insulation. When buying a used house it’s important to have a thorough inspection done so that you are made aware of issues.
Luckily for growing families, newly built homes are typically conscious of these issues. Better built air filtration systems have greatly increased the IAQ, or indoor air quality in newly built homes while low-VOC paints are used as a safer option, and better insulation helps keep out allergens.
As environmental protection becomes increasingly important, homebuilders and appliance manufacturers frequently release products that conserve energy. Whether you’ve installed a programmable thermostat, have dual-paned windows, solar panels, or tightly sealed insulation, these eco-friendly measures translate into energy savings for you. Read our blog post for more information about all the green features in our new homes.
When it comes to old houses, for better or worse, you inherit the neighborhood they’re located in. New homes are often located in new developments with the kind of amenities that suit your lifestyle. Whether you’re looking for community parks, or great schools for your kids to attend, a new community is an ideal option for any home buyer.