I recently read an article that talked about the differences in buying an older home over a new home.  There are pluses to both.

The article talked about the fact that you can usually get an older home that has the wallpaper and paint already done.  Sometimes you can actually negotiate to have the window treatments included with the home.  The closing can occur in a short period of time.  On the down side you are buying a property that has used carpet, appliances, heating, and cooling systems to mention just some of the items in the home that have already been used since the home was built.

  When you buy a new home you are buying a home that is under warranty for the minimum of 1 year.  Nothing in the home has been used prior to the buyer moving in.  The buyer can select the items that go into the home if they are building from the ground up.  If the buyer does buy an inventory home they can usually get the best incentives from the builder.  Even if the buyer does not get to pick out everything for the home, most builders put neutral flooring in the home and sometimes they actually put upgrades into the home. Right now builders are offering allot of incentives to buy their homes.  There is a down side to buying a new homes.  The main down side is that it normally takes 4 to 5 months to build a new home.  If their is an inventory home you like you can close as quickly as a resale home.  Allot of time there is going to be construction going on in the neighborhood after you close.

I have been previewing resale homes lately.  Most of the homes I have looked at clearly needed some TLC.  I was surprised that with the market as slow as it has been that the sellers have not put more into the staging their homes to sale.  I know that there are homeowners that do take allot of pride in their homes also.  After looking at older homes I have to say that I believe buyers are going to get allot more for their money in a new home.  One of the big things that I noticed is that new homes are brighter and have more windows to let natural light into the home.  I would recommend that buyers whenever possible buy a new home over buying someone else's headaches.

 

 
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5 Comments on Differences in buying new or used homes

NOV
11
2008
159,695 Points Localism Sponsor Outside Blog

Denise,

I hold back new construction to some degree......I find it hard to satisfy some Buyer's with resale once the see the decorated model of new construction.

8:25am • #1
NOV
12
2008
228,517 Points 2 Featured Posts

Denise,

Having purchased both, I would have to say a used home would be preferred in my case, simply because all the headaches of dealing with the newness.... 

Thought provoking post.

Ann

4:57pm • #2

I understand what you are saying.  I have problems showing resale homes because I primarily sell new homes. 

I find that alot of agents show the resale homes first and then show new homes last.  If the buyers need to close within a couple of months most of the time they will need a resale home.  If I have inventory homes I take the buyers to that home so they can see exactly what they are buing without all the decorations.

4:58pm • #3
NOV
13
2008
173,788 Points Outside Blog

I like both but new homes are like buying a new car.  There is just something about the smell.

4:11pm • #4
NOV
17
2008
Outside Blog Hit Router

Denise,

Buying a NEW builder home is always nice because you can move right in without having to remodel or worry about things that need repair.  However, the cookie cutter mold sometimes seems to get monotonous when the whole neighborhood is a sea of the same houses.  Sometimes an older home can be the better buy!  Yes, they usually require a little more TLC, but they often times have more character and usually have better quality in their craftsmanship!  I guess it really is a matter of preference.

10:13am • #5

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Denise Allen Realtor@ Chesapeake, Hampton Roads

Chesapeake, VA

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RealEstate.com. Realtors

Address: 1120 Eagle Way, Virginia Beach, Va, 23452

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