Should It Be a New or Pre-Owned Home?


The typical 2012 real estate buyer in Kennebec County Maine assumes that buying a pre-owned residence saves money. Period. In most situations, this is true. Because the current high levels of available properties for sale exceed buyer demand, an Augusta, Maine area buyer can get more bang for their purchase dollar (usually) buying an existing home and doing some minor renovations.

 But what about the long term cost of home ownership? What about the buyer who can qualify for a slightly higher mortgage with the ridiculously low interest rates? Wouldn’t it be prudent for them to also consider building a new custom home rather than to buy a deal, and fix it up later once they’ve saved the cash to do renovations?

Building new construction in Kennebec County affords the new homeowner with peace of mind that everything is new: right down to the appliances! Hopefully there will be no replacements or repairs for years and the homeowner can sock away savings, including significant energy costs. The advances made in both energy efficiency and environmental sustainability are practical considerations homeowners will appreciate during the cold Maine winter heating season.

Having personal experience in both new homes and doing a major renovation of an antique home, I can assure you that it’s a pleasure to live in a brand new home. And having the ability to design your Augusta area home to suit your lifestyle, you will not waste costly square footage in rooms that won’t be utilized.

The fact is, there are both benefits and drawbacks that deserve looking at no matter which choice you wind up making. Of course it’s your budget, preferences, and level of patience that will largely determine which type of Kennebec County home will make the best fit for your family situation. The wisdom of planning carefully before investing your hard-earned money in any property goes without saying.

Since you are looking forward to many years of occupancy in either a resale home or new construction, I hope you will contact me for a consultation. I know Kennebec and Androscoggin counties very well and can help you sort out the choices that are available right now. My Associates and I also work with reputable builders that will stand behind their project legally and financially. You can reach us at (207) 689-9880 or www.TanyaB.com