Building New vs. Buying Existing

When deciding between buying an existing home or building a brand-new home with a builder, each one has their advantages and disadvantages. Here’s a list that we compiled of the best reasons to choose one or the other.

Take the time to think about each advantage as it applies to your unique situation, and you will be on the road towards making a sound decision.

The Benefits of
BUILDING NEW

  • FRESH START, CLEAN SLATE

    No time is spent making repairs, repainting or peeling dated wallpaper. Everything is ready to go!

  • BUILDING A COMMUNITY TOGETHER

    Where families move in at the same time and no one is the “new kid on the block”.

  • ENERGY EFFICIENCY

    New homes have lower operating costs, they improve air quality, and benefit the environment.

  • MORE SPACE

    Having enough space and entertaining guests can be challenging in an older home because of smaller rooms and only one large space. New homes have more of an open layout and provide plenty of space. They usually have larger master bedrooms and walk-in closets to boot!

  • NEWER TECHNOLOGY

    Older homes are wired differently and aren’t accommodating to the advanced technologies of today. Also, there aren’t enough outlets in older homes, newer homes don’t have this dilemma.

The Benefits of
BUYING EXISTING

  • SHORTER WAIT TIMES

    In most cases, buying an existing home doesn’t require the long wait times associated with building a new home.

  • ESTABLISHED NEIGHBORHOODS

    Buying an existing home can place you closer to work, shopping centers, and area amenities.

  • MATURE LANDSCAPING

    No waiting for the trees to grow. And you probably won’t have to worry about landscaping your backyard either.

  • FINISHED BASEMENTS

    In most cases, an existing home will already have the basement finished, saving you the time, energy and money needed in turning this into a functional space.

  • LARGER LOTS

    In general, older homes were built on larger lots. When building new, you may struggle to find a lot that gives you the large backyard or patio that you may desire.

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Whichever decision you make, Team 101 is here for you.

Let us know if you have any questions about the financing process.

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