Should You Buy a New Home or a Resale Property?

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Today we want to speak to you about the difference between buying a new home and a resale property. Both have their pros and cons, and we want you to be informed about them.

A newly-constructed home is advantageous in the fact that you have control over the design and layout. You can build it just like you want, so long as you have the funds. You can reflect your own style, and not someone else's tastes. New homes often come with warranties that cover mechanical devices for two years and structural items for ten years.

New homes are often vastly more efficient when it comes to energy and insulation. Although they cost more upfront, you will see some energy savings over the long run as opposed to an older home.

However, this is not to say that older homes and resale properties aren't worth purchasing. They are often more affordable, but you don't have an input on the design. You can change the interior to a degree, but not like a newly constructed home.

Resale properties are often in more desirable locations, like the inner city. Newly-built homes are often located in suburban areas where more land is available. When it comes to architecture, nothing beats the charm of an old home. It's simply too expensive to build new homes replicating a Victorian or medieval revival style, so if you like unique homes you may want a resale property.

If you're having trouble making a decision on this, please don't hesitate to contact me.

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