Here are a few pros and cons you should know before buying a new home.
Are you thinking about buying a new-construction home? It’s a great option, but just like all real estate choices, it has its pros and cons. To make sure it’s the best option for your situation, here are some of the advantages and disadvantages of new construction you should know before buying:
Pro No. 1: Everything will be brand new. Your roof, HVAC system, and everything in between will be new, so you won’t have to do much maintenance. If anything comes up, it will likely be covered in the builder’s warranty, so you won’t have to worry about unexpected repair costs.
Con No. 1: Building a home can take a long time. Your builder might give you an estimated timeline, but more often than not, the build will take longer than expected. It only takes one problem in the supply chain or labor supply for your home to be delayed.
“The price you see online is not necessarily what you’ll be paying at the end of the process.”
Pro No. 2: You can customize your property. Paint color, flooring, countertops, and everything else can be customized to your liking. Picking out what you want can be tons of fun and is a great way to make a home feel like your own.
Con No. 2: New construction is often more expensive than the resale market. Most people expect to pay more for something new rather than something used, but the price tag still gives some buyers sticker shock. Everything you add to the home will come at a cost, so be judicious with your upgrades. The price you see online is not necessarily what you’ll be paying at the end of the process.
If you have questions about today’s topic or anything else, please call or email us. We are always willing to help!
