\It’s often said that shiny pennies get the most attention. And so it goes with New Homes versus Re-Sale homes. New home communities often showcase their various models with beautiful furnishings and upgrades, so it’s very common to walk away feeling dazzled. But check the list of standard upgrades before you make a final decision on buying a New Home versus a Re-Sale home. Upgrades add to the base price of a new constructon home, so check for the standard list of features before finalizing your decision.
When making the decision as to new versus re-sale, new finishes like you see in model homes look amazing! After all, no one has used them and there are typically no scratches or dents from a previous owner. And the colors and patterns from model home furniture can make a floor plan flow well, creating that wow factor of current trends. Let's face it, a designer selected the colors and finishes which look great together.
New homes are typically more energy efficient than most re-sale homes. Building codes are updated every three years. With every new building code, homes become tighter and more energy efficient so be sure to ask which building code was used for construction. The latest building code is 2015. It’s up to cities and states to adopt those building codes, so it varies by city.
Location is an extremely important factor when choosing a New Home versus a Re-Sale Home. New homes might not be in your desired school district. If that’s the case, then a re-sale home might best suit your needs if you want a specific school district. Be sure to check the Great Schools links to be certain of school boundaries when selecting new homes versus re-sale homes.
If you are considering a re-sale home, know that upgrades and improvements can be added to a mortgage, so if those aren't included in the home check with your lender and ask what programs are available and what can be included. Be aware that licensed general contractors may be required to perform the work for this type of program and that interest rates might be .025% higher for the loan.
New homes in the Phoenix Metro Area can be all shapes and sizes, including lot sizes. If you have at least four occupants in a home, you might want a larger lot. Larger lot sizes tend to increase prices for new homes, so a re-sale home might be more suitable, especially if you want a swimming pool.
Currently, our light rail system is being expanded farther north into Phoenix and east into Mesa. So if mass transportation is a thought and you work in downtown Phoenix, investigate the light rail map to save on transportation costs.
And if you’re looking to buy or sell a home in the Phoenix Metro Area, please give me a call. As an EcoBroker and GREEN designee, I’m trained to help you understand the benefits of energy efficient features in homes. You'll receive a COMPLIMENTARY energy audit with your home purchase. An energy audit will uncover deficiencies in energy efficient items, which can also be added and improved with the cost going into an energy efficient mortgage.