New Build vs. Resale: Which is the Better Buy?
First-time homebuyers are faced with a variety of different options when searching for houses including sale prices, locations, and the type of living space. Many are left wondering whether they should buy a newly built house or an existing property and which will meet their needs best. Each type of home comes with its own unique set of advantages and disadvantages, which your real estate agent can address for specific locations. Let’s discuss each type of real estate and the features that each one offers.
New Construction Homes
In 2018, Zillow released data that showed nearly 48% of home buyers were looking for a new home that had never been lived in. One of the more popular reasons people search for new builds within the Rose Garden San Jose real estate listings is because the house has no previous owners. When you purchase a new home, you are able to take advantage of the shiny new finishes, modern floor plans, and customizable options. They also provide adequate insulation for cold months with the new windows and heating systems, which may help to save more money than an existing property with older windows. The cost of a new build home can be considerably higher than an older house but typically come equipped with the latest technology, such as USB outlets, security systems, and “smart” light switches. Your real estate agent will be able to address all of the costs, customization options, and specifications of each unique property you view.
Older homes are known for featuring a unique charm, dynamic layouts, and elements that are no longer seen in newly built houses. While they can require expensive home improvement projects to bring certain areas up to date, you will be able to take advantage of the architectural charm and history of the property. Existing homes are known for being located in convenient areas, typically set away from the busy metropolitan areas. This could be a great choice for someone looking to settle into a quiet neighborhood but may not appeal to someone looking to live in the heart of the city. Purchasing an older home can make for easier price negotiations and eliminates the waiting time for a new construction house to be completed. If you enjoy landscaping, DIY projects, or traditional floor plans, contact your real estate agent to discuss existing property options.
Newly built houses and existing homes both come with their own sets of pros and cons. Each property will be unique and the countless different options can make buying a home a challenging process. New properties that have never been lived in are a great option for those looking for the latest technology upgrades and minimal DIY projects, while older homes are great for individuals looking for that classic architectural charm. Your real estate agent will be able to answer any questions or provide any additional details on the advantages and disadvantages of new and existing home sales.