New Home or Resale? 10 Secrets Every New Home Buyer Should Know
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Most homes on the market are resales, but one out of four homebuyers chooses to purchase a new home. Which is the right choice for you: an existing home or a brand new one?
Of course the answer to that question depends on you, and both new homes and resales offer advantages. On average, resales are less expensive, and are generally closer to, and project the warmth of, established neighborhoods. On the other hand, new homes offer modern energy efficiency, innovative use of space, and choices of options and upgrades. In fact, everything is new - including the neighbors.
Determining what’s best for you will depend on many things: your taste, your family composition, and your finances. In most cases, buyers consider both new and resale homes before making a decision.