Why Buy New Construction?

1. Competitive Price – New developments make it easy to compare homes with other new properties in the market, equating value to value. All the homes are the same age, and the options are listed upfront with the price breakdown. You won’t have to factor in extensive remodeling work, as the home will have been freshly designed.

2. Warranties – New homes come with at least one-year general warranties. Most likely, major appliances will be warrantied for five years, including air-conditioning and heating. Plus, many new developments feature longer structural warranties, underwritten by insurance companies.  

3. Brand-New Quality – New homes have never been lived in and offer all brand-new features. Everything will be immaculate, unstained and fresh, providing you with a clean slate of luxury. Building materials are constantly improving, becoming easier to maintain and more technologically savvy. Brand-new homes utilize the most updated products and features; plus, they’re often much more energy-efficient than older ones.

4. Location – Usually set among similar homes, new construction properties are often on the outskirts of town, and they may feature community amenities like parks, pools, etc.

Why Buy an Older Home?

1. Included Extras – Existing homes often will include little extras like custom window treatments, well-maintained landscaping, or maybe even a pool. These features would probably cost extra money to add on or create for a new home.

2. Character – Older homes often showcase architectural details and design that new homes lack; they aren’t cookie-cutter replicas of one another. Plus, they’re time-tested and of good quality, often set in established neighborhoods with mature trees.

3. Price – Sometimes older homes work out to be a better value, if you’re willing to invest. Often, newer homes cost more money per square foot. Be open to putting time, money, or work into an older property, and you may be able to get a great deal on the cost.

4. Location – Because they were created first, older homes tend to be closer to the center of town and near many conveniences.

How to Decide?

You’ll want to weigh all the important factors, considering what means the most to you. In addition to evaluating the pluses with either option, take a look at the different neighborhood amenities, taxes, landscaping, maintenance, potential, energy-efficiency, etc. Go into the decision-making process armed with knowledge, and you’ll make the decision that’s best for you.