New Build vs Existing Home: What Are the Pros of Each?

There’s no question that the financial benefits of selling a home are outstanding today. Now is truly a great time to list if you’re ready to make a change. But if you do sell your house right now, you may be wondering where you’ll go when you move.

With so few homes available to buy right now, you might be considering building a new home as one of your options. But you may be unsure if that’s the way to go. Let’s compare the benefits of a newly built home versus moving into an existing one, and why working with a real estate agent throughout the process is mission-critical to your success no matter what you decide.

The Pros of a Newly Built Home

First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new home, you’ll be able to:

1. Create your perfect home.

If you build a home from the ground up, you’ll have the option to select the custom features you want, including appliances, finishes, landscaping, layout, and more.

2. Cash-in on energy efficiency.

When building a home, you can choose energy-efficient options to help lower your utility costs, protect the environment, and reduce your carbon footprint.

3. Minimize the need for repairs.

Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little projects to tackle. QuickenLoans puts it like this: 

“Buying a new construction vs. existing home typically means you’ll have fewer repairs to do. It can be a huge relief to know that it’s unlikely you’ll have to repair the roof or replace the furnace.”

4. Have brand new everything.

Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.

The Pros of an Existing Home

Now, let’s compare that to the perks that come with buying an existing home. With a pre-existing structure, you can:

1. Explore a wider variety of home styles and floorplans.

With decades of homes to choose from, you’ll have a broader range of floorplans and designs available.

2. Join an established neighborhood.

Existing homes give you the option to get to know the neighborhood, community, or traffic patterns before you commit.

3. Enjoy mature trees and landscaping.

Established neighborhoods also have more developed landscaping and trees, which can give you additional privacy and curb appeal. As Investopedia says, if you buy an existing home:

“Odds are, too, that the home will have mature landscaping, so you won’t have to worry about starting a lawn, planting shrubs, and waiting for trees to grow.”

4. 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. According to Houseopedia:

Charm is priceless. Existing homes, especially those built in the 1950’s or before, often offer architectural elements, historic charm and a quality of craftsmanship not available in new homes.”

The choice is yours. When you start your search for the perfect home, remember that you can go either route – you just need to decide which features and benefits are most important to you. Working with the guidance of your trusted real estate advisor will help you make the most informed and educated decision, so you can move into the home of your dreams.

Article Source: Keeping Current Matters

Bottom Line

If you have questions about the options in your area, let’s discuss what’s available and what’s right for you, so you’re ready to make your next move with confidence.

To take part in the conversations on all things related to Moving to Orlando, residing in Florida, and living near theme parks, join our Moving to Orlando Facebook group. Stay tuned to MovingtoOrlando.com to stay up to date on what’s going on in Central Florida.

If you are interested in getting started on your Florida home purchase, our expert Moving to Orlando REALTORS are here to help you navigate the market. Take a moment to fill out our contact form, and someone will be in contact with you!

Amy Krieger

Amy loves all things Disney from the theme parks and resorts to the beloved films. She and her husband, Paul, are originally from Wheeling, West Virginia. They now live in Central Florida with their two fur-kids, Odie the greyhound and Hermes the Spanish galgo. As Disney Vacation Club members and Disney World Annual Passholders, they visit Disney World and other Disney properties as often as possible. Amy is a contributing writer for movingtoorlando.com, wdwinfo.com, dvcfan.com, and dclfan.com. She is also a loan originator for Monera Financial, a World of DVC company.

One thought on “New Build vs Existing Home: What Are the Pros of Each?

  • Many newer homes are built closer together and often two-story homes. Older homes have more spacing and larger single-story models available. Of course, if you do not build in a development that changes everything. Another pro is a quicker move-in time.

    Reply

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