Brand new homes that have never been lived in are appealing to home buyers. In fact, according to Trulia, they are preferred 2 to 1. But like most things when you’re buying a home, there are pros and cons to new construction.
What are some of the advantages to new construction?
Updated and current floor plans may include more open space, mingling the kitchen and living areas. And a master on the main may be easier to find in new construction.
You may be able to have the paint, appliances and other features customized before you move in. That means, the colors are those you wanted; you have the kitchen that fits your needs; and the bathroom faucets are the ones you picked out.
New homes are being built with what the market demands today — bigger closets, large master bathrooms, open floor plans and more.
Energy efficiency is popular, so you may find you have lower utility bills.
A lot of homes are now wired to be technologically savvy living spaces. It may be easier to watch what’s going on in your home from a distance, and you may find you are able to turn on your lights and change the temperature in your home before you even leave the office. And since it comes pre-wired, you don’t have to rewire, which means no extra holes in the wall from old wiring.
What are some of the disadvantages?
Cost can be a factor, with new homes often being more expensive than comparable homes that have been previously lived in.
The amenities that are in the model homes are often upgrades for the home buyer. If you want the best, it’s going to cost you, and it’s going to be expensive.
You’ll miss the quaint, tree-lined neighborhoods, as your home works to become established with gardens, trees and other neighborhood “niceties.”
You may find yourself farther away from the community and driving farther and longer to get to schools, supermarkets, etc.
The lots for a lot of new homes are smaller than the lots in the older neighborhoods. If a healthy distance makes for a better relationship with your neighbor, new build may not fit your needs.
Before purchasing your home take a good look at the pros and cons of what you’re purchasing. But remember, whether it’s new construction or not, the home is still all yours! Congratulations on your home purchase.