There are plenty of good reasons you might be ready to move. If you intend to sell your current home, It is essential to consider where you're going next before you list it.
In today’s market, it is reasonable to explore all your options. That includes both homes that have been lived in before as well as newly built ones. To help you make the right decision, we will compare the advantages of each option. Regardless of which choice you ultimately decide to explore, It is crucial to have the guidance of a reliable real estate expert during the entire process.
The Benefits of Newly Built Homes
Let's start by looking at the benefits of buying a newly constructed home. With a brand-new house, you’ll be able to:
1. Build your dream home
Building a new home from the ground up will allow you to choose specific features according to your preferences, such as appliances, finishes, landscaping, layout, and other options.. Bankrate puts it like this:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs. You also won’t be limited to a specific location or neighborhood.”
2. Take advantage of builder concessions
In today’s market, many home builders are making an effort to sell their existing inventory before they add more to their mix. That means many of them are offering concessions and are more willing to negotiate with buyers. This could be beneficial for you during the process.
3. Minimize home repairs
Many builders offer a warranty, ensuring that you are worry-free about unexpected repairs.. Plus, there will be fewer minor renovation projects for you to manage.. As realtor.com says:
“. . . if something goes wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
4. Take advantage of energy efficiency
When constructing a home, you can opt for brand new, energy-efficient options to lower your utility expenses, preserve the environment, and lessen your carbon footprint.
The Benefits of Pre-owned Homes
Now, let's compare those with the advantages of purchasing a pre-owned home. Buying a pre-owned home will allow you to:
1. Explore a wider variety of home styles and floorplans
You will have a wider selection of floorplans and designs to choose from since there are several decades of houses to select from.
2. Appreciate that lived-in charm
It is challenging to replicate the qualities of older houses. If you value timeless craftsmanship or design elements, you may prefer an existing home.
3. Join an established neighborhood
Existing homes give you the option to get to know the neighborhood, community, or traffic patterns before you commit. Plus, they have more established landscaping and trees, which will give you more privacy and curb appeal.
4. Move in faster
Buying a pre-existing home may be the right choice for you if you have a short timeframe to move or you just don’t want the process to take several months while your home is under construction. U.S. News explains:
“When you’re choosing a home, existing or new, you should also consider how long it might take to move into that home. Just because you have a contract doesn’t mean that your new home will be completed (or even started) at the time you agree to the purchase. It can be a struggle waiting for the walls to go up as you wonder what your home will become.”
When considering your next move after selling your property, keep your choices in mind. As you begin your home search, think about what’s most important to you. By working with a reliable real estate professional, you can be assured that you are making the most knowledgeable and well-informed decision.
If you have questions about the options in our area, let’s discuss what's available and what's right for you. This way, you will be prepared to take your next step with confidence.