Tuesday, May 23, 2017
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Is it better to buy a new home area or a previously owned home?

Front Light Fixture Once you've started to look for your first home, you need to decide whether to look at homes under construction, or for resales in established neighborhoods. Here are some pros and cons for either type of home.

Newly-Constructed Homes
  • Pluses are:

  • You choose the colors and finishes for floors, bath tiles, appliances, kitchen counters and cabinets. You can opt to upgrade and select builder options, and often can choose your lot. Everything is clean and new when you move in.
  • Minuses are:

  • You may not see the home you are buying until the final walk-through, and may find a number of items that need to be fixed by the builder's maintenance crew. Often, new-home buyers have to deal with construction traffic, debris, mud, dust and unfinished roads.
Existing Resale Homes
  • Pluses are:

  • You can see the home you are buying, and many personal touches like drapes and curtains will likely have been added. You can also tell what the neighborhood will be like by driving through during the day, and how rush hour will be by passing through in the evening.
  • Minuses are:

  • The seller's tastes may not be yours, and you may need to do some redecorating to tailor the home to your color scheme. Also, the appliances may be several years old if they haven't recently been replaced for the sale.
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FIRST TIME How To Buy The Most Home For Your Money
QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
 
       
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