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
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”.
New homes have lower operating costs, they improve air quality, and benefit the environment.
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!
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
SHORTER WAIT TIMES
In most cases, buying an existing home doesn’t require the long wait times associated with building a new home.
Buying an existing home can place you closer to work, shopping centers, and area amenities.
No waiting for the trees to grow. And you probably won’t have to worry about landscaping your backyard either.
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.
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.
Whichever decision you make, Team 101 is here for you.
Let us know if you have any questions about the financing process.