Buying a Resale Home vs. New Construction Homes

The decision between buying a resale home versus a new one is a big one which brings the question of which is the best option. Should you buy a resale home or go with new construction instead?

Well, there are some obvious differences between new construction homes and resale homes. Let's go through those now:

When it comes to purchasing a home, you will have two primary options as a potential buyer: resale homes and new construction homes. Both have their own advantages and disadvantages, and ultimately the best option will depend on your unique needs and preferences.

Resale homes tend to come with a lower upfront price tag. However, they may also come with a few hidden costs, like unexpected repairs or necessary renovations to make the space functional for your lifestyle. In contrast, new construction homes are typically priced a bit higher, but they offer the advantage of being brand new and move-in ready. Additionally, new construction homes often come with warranties that cover major repairs, as well as more energy-efficient systems and appliances, which makes them a more cost-effective and hassle-free option in the long run.

Today we’re reviewing the 5 key advantages that make new construction homes the better contender for your lifestyle and your wallet.

1. No Renovations or Hidden Defects

When you factor in the cost of updates and repairs, new construction homes are actually more cost-effective than resale homes. When buying a home that previously belonged to someone else, there’s always the chance you’ll want to update some of the existing floors or wall colors to your liking. These updates can add up quickly, and you'll more than likely find yourself spending more in the long run. Whereas your new construction home is tailored to your budget and your lifestyle, allowing you to move in and not look back. That, in itself, is a win.

2. Built To Your Specifications

One of the great things about buying a new construction home is that you can choose from a myriad of floor plan options. One of the hardest things about purchasing a resale home is making the previous owner's style work for you. But with new construction, you get to choose everything from the flooring to the paint color to the number of bedrooms (based on the option you choose!) - meaning that you'll never have to worry about wallpapering over garish floral borders or knocking out a wall. So if you're looking for a home that perfectly suits your needs and taste, new construction is definitely the way to go.

3. New Amenities and a Growing Community Atmosphere

Moving into a new community is often like joining a new club. In addition to getting a brand-new home, you’ll also gain access to a range of new amenities. This often includes parks, recreational areas, and even a place for your pets to stretch their legs that are available exclusively for residents. This can be a great way to meet your neighbors and make new friends. Since everyone is new to the area, you can grow your bond and establish lifelong connections. This alone is priceless!

4. Higher Efficiency

But if you're looking for a home that will help you save money on your monthly utilities, then you'll want to consider a new construction home. With the latest advances in construction materials and building practices, new homes are designed with energy efficiency in mind. This means that you could see lower monthly utility bills - and who doesn't love saving money?

5. Modern Floor Plans

Our homes are bright and welcoming from the moment you walk in the front door. Often they are open, and many boast tall ceilings that give a spaciousness you can't always find in a resale home. Plus, if you're the type of person who loves having the latest and greatest gadgets, a new construction home is probably for you. From energy-efficient appliances to the latest in home security systems, new construction homes are always ahead of the curve.

Final Thoughts

If you’re in the market for a new home, a new construction home may be just what you need. With their cost-effectiveness, convenience, and customizable options, new construction homes can provide everything your family needs in a new home. Plus, working with HBFA means that you get all of this, plus our expertise and guidance every step of the way. So if you’re ready to start planning your dream home, give us a call today!