Do you want to buy a house? There are plenty of good reasons you might want to move. No matter your motivations, you need to consider where you’ll go next.
In today’s market, it makes sense to explore all your options if you want to buy a house. That includes both homes that have been lived in before as well as newly built ones. To help you decide which is right for you, let’s compare the benefits of each.
The Benefits of Newly Built Homes
First, let’s look at the benefits of if you buy a house that is brand-new. With a newly-built house, you’ll be able to:
1. Build your dream home
If you build a home from the ground up, you’ll have the option to select the custom features you want, including appliances, finishes, landscaping, layout, and more. Bankrate puts it like this:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs. You also won’t be limited to a specific location or neighborhood.”
2. Take advantage of builder concessions
In today’s market, a lot of home builders are working hard to sell their current inventory before they add more to their mix. That means many of them are offering concessions and are more willing to negotiate with buyers. That could work to your advantage in the process.
3. Minimize home repairs
Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little improvement projects to tackle. As realtor.com says:
“. . . if something goes wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
4. Take advantage of energy efficiency
When building a home, you can choose brand-new, energy-efficient options to help lower your utility costs, protect the environment, and reduce your carbon footprint.
The Benefits of Existing Homes
Now, let’s compare those to the perks that come with buy a house that’s built already. With a pre-existing home, you can:
1. Explore a wider variety of home styles and floorplans
With decades of homes to choose from, you’ll have a broader range of floorplans and designs available.
2. Appreciate that lived-in charm
The character of older homes is hard to reproduce. If you value timeless craftsmanship or design elements, you may prefer an existing home.
3. Join an established neighborhood
Existing homes give you the option to get to know the neighborhood, community, or traffic patterns before you commit. Plus, they have more developed landscaping and trees, which can give you additional privacy and curb appeal.
4. Move in faster
If you have a short timeframe to move or you just don’t want the process to take several months while your home is under construction, buy a house that already exists might make sense for you. U.S. News explains:
“When you’re choosing a home, existing or new, you should also consider how long it might take to move into that home. Just because you have a contract doesn’t mean that your new home will be completed (or even started) at the time you agree to the purchase. It can be a struggle waiting for the walls to go up as you wonder what your home will become.”
When thinking about where you’ll go when you buy a house, remember your options. As you start your search, think about what’s most important to you. By working with a trusted real estate agent, you can be confident you’re making the most educated, informed decision.
Bottom Line
Buying a house is a big decision and a large commitment, so think about all of your alternatives and pick the best fit for you. If you want to buy a house, you have several alternatives, including a single-family home, a condo, a townhouse, a prefabricated home, and a multi-family home. Each of these possibilities has advantages and disadvantages, therefore it is critical to analyze the benefits and drawbacks of each before making a selection. Before making a final decision to buy a house, you should also consider other criteria such as location, budget, and lifestyle. Finally, you must pick which home-buying choice is ideal for you and your family.
Regardless of which option you choose to explore, working with the best real estate professional in Burlingame CA throughout the process is essential.
If you have questions about the options in your area, let’s discuss what’s available and what’s right for you, so you’re ready to make your next move with confidence.