You might be ready to move for a lot of good reasons. No matter why you want to sell your house, you need to think about where you’ll live next before you put it on the market.
In the market we have now, it makes sense to look at all your choices. This includes both new homes and ones that have already been lived in. Let’s compare the pros of each to help you decide which is best for you. No matter which option you choose, you must work with a reliable real estate professional throughout the process.
The Benefits of Newly Built Homes
First, let’s look at what’s good about buying a newly built home. If you have a brand-new house, you can:
1. Build your dream home
When you build a home from the ground up, you can choose the appliances, finishes, landscaping, floor plan, and other features that you want. Bank rate says it this way:
“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 discounts from the builder
On the market today, many home builders are working hard to sell the homes they already have before adding more. That means that a lot of them are making deals with buyers and are more willing to negotiate. That might work out well for you in the end.
3. Minimize home repairs
Many builders offer warranties, so you won’t have to worry about repairs that aren’t likely to happen. Plus, you won’t have to do as many small projects to fix up the house. As said on realtor.com:
“. . . 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
You can choose brand-new, energy-efficient features when building a home to save money on utilities, protect the environment, and lower your carbon footprint.
The Benefits of Existing Homes
Now, let’s compare these benefits to the ones you get when you buy an already-built home. With a home that’s already there, you can:
1. Explore a wider variety of home styles and floorplans
You’ll have a wider range of floor plans and designs to choose from if there have been homes built for a long time.
3. Join an established neighborhood
You can get to know the neighborhood, community, and traffic patterns before you buy an existing home. Plus, their landscaping and trees are more developed, which can give you more privacy and make your home look better from the outside.
4. Move in faster
If you need to move quickly or just don’t want to wait several months while your home is being built, it might make sense for you to buy an already-built home. What U.S. News says:
“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.”
Think about your options when deciding where to go after you sell your house. Think about what’s most important to you as you start your search. By working with a real estate agent you know and trust, you can be sure you’re making the best decision possible.
To sum up
If you have any doubts about your alternatives, speak with a local real estate expert to go over what’s available and what would be best for you.