Pro's and Con's of Building vs. Buying Existing

Buying New vs. Buying Existing: What You Need to Know

Are you planning on buying a new home? If so, you may be wondering if a new construction home or an existing home is the better option for your needs. While there are advantages and disadvantages to both types of homes, it’s important to understand the pros and cons of each before making your final decision. Let’s look at what you need to consider when choosing between a new construction home and an existing home.

Cost Per Square Foot One of the main factors you should consider when deciding between a new construction home and an existing home is the cost per square foot. Generally speaking, newly built homes tend to be more expensive than existing homes, though there can be exceptions depending on location and other factors. Additionally, newly built homes often require upgrades such as flooring or appliances that may not come standard with the house. These additional costs can increase the total price of the house significantly. On the other hand, existing houses will usually have already been renovated or updated in some way, which can reduce the amount of work needed after purchase.

New Construction Home Pros & Cons When it comes to purchasing a newly constructed home, there are several benefits that make it an attractive choice for potential buyers. For example, many people prefer having their own brand-new space to design from scratch without worrying about any pre-existing problems like outdated fixtures or old wiring issues. Additionally, most builders offer warranties on their homes so buyers can rest assured knowing that if something goes wrong within a certain period of time after purchase, they will be covered for repairs. However, although newer homes typically have fewer maintenance issues than older ones do due to the use of modern materials and designs, they can still come with hidden defects that may not become apparent until years down the road – potentially leaving buyers in hot water when trying to sell their homes later on down the line.

Existing Home Pros & Cons When considering buying an existing home instead of building one from scratch, one big advantage is being able to see exactly what you’re getting before committing to it financially since most pre-existing structures don’t come with warranties like newly constructed ones do. This means potential buyers have greater peace of mind knowing that any unforeseen issues won’t leave them with hefty repair bills down the line - provided they conduct thorough inspections beforehand! Additionally, older homes may also come with established landscaping and mature trees which are often difficult (and expensive) to replicate in newer properties – making them desirable options for those looking for instant curb appeal without waiting years for shrubs and trees to grow into place properly. On the downside however, older properties typically require more maintenance than their brand-new counterparts do – meaning owners must set aside budget funds each year in order to keep up with regular upkeep tasks such as repairing roof tiles or resealing windowsills etcetera over time in order to maintain its condition correctly over longer periods of time.

As you can see there are both pros and cons associated with buying either a newly constructed home or an existing property - but ultimately it all comes down to personal preference in terms of what type of living space appeals most directly towards individual tastes and needs! It pays off then; seeing as how this is likely one of life's major investments - take extra care when deciding whether a brand-new build or previously owned residence best suits your lifestyle by weighing out all advantages versus drawbacks carefully before signing anything off on paper! At Truen Group we always recommend you have representation, even when building! Reach out if we can be of assistance.

Contact Truen Group by Laurie Dick