New construction home buying advantages can’t be understated. Here in Orlando, there are plenty of choices when it comes to buying a home. There are single family properties, condos, and townhomes of all sizes. The majority are resales and some are new construction. If you’re in the market for a new house, you’re probably thinking seriously about which way to go — resale or new construction. So, let’s take a look at the differences between resales and new construction homes for sale.
Biggest Downsides of Resales
We’ll start with resales because these make up the majority of active listings. Okay, you’ll find resales are typically a bit less expensive than new construction. However, that tiny savings comes with real risk. First of all, it’s not new — meaning that age definitely plays a negative role. The older a home is, the more problems it will have and the more often.
“Houses are priced to sell, rents are on the rise, and mortgage rates are at historic lows. All of these factors are contributing to a surge in positive sentiment among brokers, sellers, and buyers. A number of important decisions are involved in the purchase of a home. But one of the most basic decisions is the first one, which will impact the rest of the process: buy an existing home or build one from scratch?” —U.S. News and World Report
Of course, an older home, even one that’s ten to fifteen years old (which really isn’t too old), will most likely be out-of-date. At the very least, the decor will probably be out of style. (The architecture and layout itself might also be striking out-of-date.) Another negative is the fact that it might have already been customized by someone else. Which means you’ll have even more work to get it the way you want it.
Top New Construction Home Buying Advantages
The fact of the matter is that resales, even if inspected from top to bottom and inside and out, will have used fixtures, appliances, and systems. Whereas new construction, or, recently built homes, are equipped with new fixtures, appliances, and systems. But, this isn’t all. Here are some more benefits of buying new construction:
- Built to the latest construction codes. With the wake of Michael still settling in and Irma also fresh in-mind, construction means a whole lot. Perhaps one of the best features of new construction is that it’s built to the latest construction codes. At the very least, it’s built to withstand inclement weather better than a house that’s two or more decades old.
- Ability to customize the property. A great perk to buying new construction is being able to customize your home while or before it’s built. It also allows you to stylize your new residence to your tastes without having to do all the work on your own.
- Energy efficient systems and appliances. With new construction comes new systems and appliances. It’s not just about the look and style, but also, about the money-saving technology. So, you’ll get the best function at the lowest costs to use them.
- Less maintenance. Most homeowners love the look of a beautiful residential landscape, but certainly don’t want to do the back-breaking work to make it a reality. With new construction, it’s already there to enjoy.
- Builder incentives. When you buy new construction, the builder will probably offer some attractive incentives. And, you can take advantages of these to make it an even better buy.
If you are considering buying or selling a home in Orlando, contact us for the latest market information. We’ll also provide you with the right advice about the local real estate market so you make the best decisions.