There are benefits to buying an older home and buying a newer home, and if you are house hunting you may be wonderinng if buying a newly constructed house is the best choice for you.
Before you decide on a home, evaluating the pros and cons of investing in a new home can help you make a wise decision.
Pro: You Can Move in Faster
When you buy a newer home, with working heating and electrical systems and newer carpet, paint and appliances, you can usually move into it faster. This is beneficial if you are trying to relocate quickly or are just anxious to get into your dream home.
Con: Fewer Chances for Customization
With all the new features, like paint, carpet, appliances and flooring, you may not have as many chances for customization. You can always replace these things, which isn’t difficult to do, but it can be costly and many buyers who opt for new homes decide to stick with the features it has.
Pro: New Appliances Mean Fewer Expenses
However, when you buy a home with new appliances, you will have fewer upfront costs. Things like the refrigerator, oven, dishwasher and other appliances won’t need to be replaced anytime soon, so you can save money and enjoy the latest models.
Con: Possibility of Higher Listing Prices
In some cases, newer homes are listed at higher prices than older homes. All the new features, appliances and materials may mean the home is worth more, so sellers can ask for a higher price. If buying a home that is move-in ready and that comes with the latest updates, the slightly higher cost may be worth it to you.
Pro: Structures and Systems are in Excellent Condition
The structure, foundation and systems in new homes in the Natick real estate market are usually in excellent condition. The roofing, flooring, drywall, foundation, siding and other structural and visual elements are most likely newer, another benefit that can help you save money and avoid damage.
Con: Relying on Décor and Small Changes for Uniqueness
Since you probably won’t want to replace new carpet or paint over newly painted walls, you will have to rely on decorations and other accessories to add personality and make a newer home your own. Of course, if the palette is neutral, the features in a new home will go with your décor style, so this will be easy to accomplish.
Pro: Architecture and Style is Up to Date
Some buyers are looking for a home that has modern architecture and up-to-date styling. If this is you, buying a newer home may be the way to go. New homes incorporate modern elements that can’t be found in older homes.
Pro: Newly Constructed Homes are up to Code
One major benefit of buying a new home is that it will most likely be up to code. Homes that were recently built were designed with safety codes and regulations in mind, so you won’t have to make any changes to meet local requirements or make sure the home is safe, something buyers often have to do with older homes.In many cases, the benefits of buying a newer home outweigh any negatives. When you buy a newer home you will be able to move in faster and benefit from new features, appliances and systems. You can find out more about buying a newer home on the Christine Norcross & Partners website. For assistance finding a newer home in the Natick, MA real estate market, contact Christine Norcross at 781-929-4994.
Image courtesy of Jon/Flickr.
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