Is it Better to Build Your Dream Home or Buy Existing Luxury Homes For Sale?

By
Real Estate Agent with Berkshire Hathaway HomeServices

Looking to begin house hunting in Salt Lake City, Sandy, Draper, Holladay, South Jordan, West Jordan, Herriman, Murray, Bountiful, Park City or surrounding areas? Don't delay, as the possibility of owning your luxury dream home is now feasible. There will be many opinions as to whether a new home for sale or a resale home is better. The available options in this Utah real estate market may be daunting, but if you make a list of your priorities that are most important to you and your family to pass along to your Realtor, it will be a tremendous help in narrowing down the perfect home for you.  Let's review some comparisons of new homes for sale as opposed to existing homes for sale:

New Homes, Lots for Luxury homes, Luxury estates

  • For a newly constructed home, you will have the option to customize upfront, which would include kitchen appliances, flooring, counter tops, color-scheme, and possibly alternative floor plans.
  • There is less maintenance to worry about because all materials are new.
  • The materials used are less of a health risk compared to older constructed homes that were built prior to 1970 in which you have to worry about lead-based paint.
  • Most homebuilders provide a home warranty in the event of defects as well as warranties on your individual appliances.
  • New homes are usually prewired for the latest technology such as surround sound speakers, high speed internet, multiple phone lines, and cable outlets.
  • New homes are built with added security in mind such as security systems, extra exterior lighting and motion detectors.
  • New homes tend to be more energy efficient in design. They have better windows, insulation, and more efficient heating and cooling systems.

If you want a more modern look, a new home is the way to go. The master suites tend to be larger in size as well as the kitchen which is always going to be your selling point. And, if you want to purchase something that is clean, untouched, and undamaged, then a new home is your best fit.

Resale Homes, Luxury Homes for sale, Luxury Estates for sale

  • The beauty of resale homes is that they are older and more likely near the metro areas so your city commute is closer.
  • If you are the do-it-yourself person and like to do renovation projects, then resale homes is your best fit. Resale homes tend to have larger lots and larger secondary bedrooms.
  • The neighborhoods are established and you don’t have to worry about extra levies for the new construction of streets, traffic lights, and libraries.
  • Mature landscaping adds to the charm of resale homes as well as traditional and more custom looks.
  • Buyers tend to have more negotiation power with resale homes than new homes as new home builders tend to be set on price but may throw in extra incentives.
  • Taxes and closing costs may differ between new homes and resale homes.

As you can see, there are many advantages to both resale homes and new homes. In the end, only you will know what will be the best fit for you, but it's important to choose a Realtor that will offer you the most knowledge to help you in your decision.

Linda Secrist - Linda Secrist & Associates - Whatever They Touch Turns to Sold

www.lindasecrist.com

www.newutahrealestate.com

www.saltlakehomedirectory.com

Comments (2)

Lynn B. Friedman CRS Atlanta, GA 404-939-2727
Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear Linda,
Have a client looking at re-sale in the $550K - $800K range --

The mature landscaping really makes a big difference in appearance vs. the new houses. The fresh and NEW features make a difference inside. 

Often choices come down to six of one & half a dozen of another.


Have a happy day,
Lynn
   

Feb 01, 2011 01:31 PM
Linda Secrist
Berkshire Hathaway HomeServices - Holladay, UT

Thanks for the comment Lynn.  Good luck with your client in the re-sale market. 

Feb 02, 2011 10:22 AM