The first step of buying a home is deciding whether to buy a new home or a pre-owned home. There are many differences between the two options and we would like to point out some of the potential benefits* of buying a new home over a pre-owned home.
New homes tend to be built in accordance with the latest building codes and safety regulations. (U.S. News)
Inspections could surface structural, electric, water and other significant issues. These inspections also could surface out-of-code violations. (U.S. News)
New homes are often times built with new technologies, energy efficient standards and building practices. This, in-turn, may give you a much safer and efficient home. (U.S. News)
The design of the home and amenities may not match your personality and you could be limited in customization options. (Mullins)
New homes may offer you the opportunity to customize the home to match your personality. (Mullins)
Final repairs and renovation costs could exceed your initial budget.
A brand-new home should not require the amount of upgrades and maintenance that a pre-owned home may need in order to comfortably move in and maintain. (i.e. painting, repairs, missing appliances, etc...) (Mullins)
Pre-owned home appliances, cooling/heating units and water heaters could be outdated and may need replacing before, or soon after, move-in.
Once the sale is complete, repairs and renovation could be required before you move-in to a pre-owned home. (Mullins)
Buying a new home allows you to start with a clean slate. The garage is empty, the kitchen is new, and the backyard offers a chance for you to design around your way-of-life with new trees, gardens, playground, etc... (NAHB)
The maintenance on a pre-owned home can be more imminent. You may end up with a never ending list of tasks to bring the house up to your standards.
Some industry experts are saying that the housing market may be headin
"I had the good fortune of working with Elena to find a home in a tough, tough market.
Elena very quickly grasped what my partner and I were looking for, and was able to find houses that were right up our alley. The market made offers and transactions real work; Elena was undaunted. She refused to let us get discouraged, and battled through obstacles to snag us a sweet, charming place to hang our hats!
She stuck through even after the deal closed, when some small issues arose... which we could not address as we were out of town.
This woman gets it done!"