New vs. Resale
Why Buy New?
New homes may cost more than resale homes, but are often more energy efficient, and will have lower maintenance costs than resale homes.
New floor plans are more open and flexible, representing newer lifestyle preferences, and incorporate more contemporary design features. And unless buying an already completed new home, you can choose your own colors and styles.
New homes can be built “green” with energy efficient design and technology, and features that increase your health and comfort. With a certified green home, you can rest easy with independent 3rd party verification with documentation of how the home was built and how it will perform for you.
Some new homes are equipped to enable you to automate many modern features such as internet, cable and security systems, and allow you to control your home remotely.
New homes often have water-saving landscaping, especially in the front, but you may be left landscaping the back yard separately. Trees will take years to grow to an appreciable size.
If you are having a home built for you, it can take as much as six months to complete. Some builders build “spec” homes that can be available to move into right away.
New homes are often located in newer suburbs that may be away from the center of town and require a longer commute to work, schools, etc.
Not all new homes are the same! It’s often the things you can’t see (what’s inside the walls, how the home is constructed) that can make the difference between truly loving your home, or feeling it has not lived up to your expectations. At the Smart Living Team, we care about what is most important to you and will make sure you have the information and resources to make a great decision.
Contact us today and we’ll help you find a new home or home builder to meet your specific needs and goals.
Click here for information on home builders in our area.
Why Buy Resale?
Resale homes general cost less than new homes, so you can usually get more for your money, in terms of quality and amenities.
Older homes often have charming architectural features like crown molding or hard wood floors. Depending on their age and condition, they may need updating to meet today’s lifestyles and design preferences. Good news: renovations and upgrades can often be financed right into your mortgage.
It is a more “sustainable” choice to buy an existing home rather than to utilize more resources to build a new one. While most older homes aren’t as energy efficient as newer ones, it can be cost effective to upgrade the systems to current energy codes (or even better!).
More recent resale homes built since 2000 or so may have “smart wiring” already built in. It may be difficult to integrate smart technology into a much older home, but new wireless systems are making that a possibility.
Often the landscaping of a resale home is more established, with mature trees and shrubs. There is definite value in having a well-established yard with healthy, mature trees
Most resale homes are available for immediate occupancy after closing.
A nice advantage of resale homes is that they are often more centrally located in well-established neighborhoods, often with city amenities or transit within walking distance
Resale homes typically are less energy efficient and have higher maintenance costs than brand new homes. At the Smart Living Team, we provide you with the resources to assess your total monthly cost to live in the home, including your mortgage, taxes, insurance, utilities, and maintenance. With older homes, it is often very cost effective to build in the cost of renovations and upgrades right into your mortgage. We believe buyers should have a good idea of how well the home will meet their expectations and goals BEFORE they buy.
Contact us today and we’ll help you not only find the right home, but also provide the resources to identify and evaluate improvements that will make it your true dream home.
Click here for more information on contractors for home remodeling and energy upgrades.