There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.
In today’s market, it makes sense to explore all your options. That includes both homes that have been lived in before and newly built ones. To help you decide which is right, let’s compare the benefits of each. Whatever option you choose, working with a trusted real estate professional throughout the process is essential.
The Benefits of Newly Built Homes
First, look at the benefits of purchasing a newly constructed home. With a brand-new house, you’ll be able to:
1. Build your dream home
If you build a home from the ground up, you can select the custom features you want, including appliances, finishes, landscaping, layout, and more. Bankrate puts it like this:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs. You also won’t be limited to a specific location or neighborhood.”
2. Take advantage of builder concessions
In today’s market, many home builders are working hard to sell their current inventory before adding more to their mix. That means many of them offer concessions and are more willing to negotiate with buyers. That could work to your advantage in the process.
3. Minimize home repairs
Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little improvement projects to tackle. As realtor.com says:
“. . . if something goes wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
4. Take advantage of energy efficiency
When building a home, you can choose brand-new, energy-efficient options to help lower your utility costs, protect the environment, and reduce your carbon footprint.
The Benefits of Existing Homes
Now, let’s compare those to the perks of buying an existing home. With a pre-existing home, you can:
1. Explore a wider variety of home styles and floorplans
With decades of homes, you’ll have a broader range of floorplans and designs available.
2. Appreciate that lived-in charm
The character of older homes is hard to reproduce. If you value timeless craftsmanship or design elements, you may prefer an existing home.
3. Join an established neighborhood
Existing homes allow you to get to know the area, community, or traffic patterns before committing. Plus, they have more developed landscaping and trees, which can give you additional privacy and curb appeal.
4. Move in faster
If you have a short move timeframe or don’t want the process to take several months while your home is under construction, buying an existing home might make sense for you. U.S. News explains:
“When you’re choosing a home, existing or new, you should also consider how long it might take to move into that home. Just because you have a contract doesn’t mean that your new home will be completed (or even started) at the time you agree to the purchase. It can be a struggle waiting for the walls to go up as you wonder what your home will become.”
Remember your options when thinking about where you’ll go after selling your house. As you search, think about what’s most important to you. By working with a trusted real estate agent, you can be confident you’re making the most educated, informed decision.
If you have questions about the options in our area, let’s discuss what's available and what's right for you, so you’re ready to make your next move confidently.