Do I Buy a New Home or Existing Home?
With all of the new home developments being built across Southern California, there’s no denying that we have a lot more home inventory to choose from than there was just two years ago, and you may be wondering if you should buy a new home or an existing home.
This is a great question to ask because nobody wants to miss out on their opportunity to own a new home but the reality is that the answer to the question of should you buy new or an existing home all depends on you, and your home buying needs.
Why Buy a New Home?
New homes are great because most typically come with a 10-year warranty and once you’re living in the new home you can expect the value of your home to increase over time.
Even though new homes are great, one important thing to keep in mind when you buy a new home is that most floor plans for new homes are typically smaller than older homes and most of today’s new homes have smaller lot sizes as well.
It’s also important to keep in mind when you buy a new home the reality that in most cases the house will already be finished (unless you work with the builder from the very beginning) and you won’t have any say in terms of the floor plan or design of the home.
Why Buy an Older Home?
An Older home can really be a smart investment because they typically have larger lot sizes and floor plans compared to newer homes.
When you buy an older home you’re also getting a home that in many cases will have more character like built-ins and other design features that can’t be found in today’s new homes.
With an older home, you also have more options in terms of floor plan, design and use of space because you can always hire a contractor to renovate the home before you move in so that you’re getting the size and space of an older home while the enjoying benefits like new flooring, doors, windows, and amenities that can be found in today’s newer homes.
To learn more about buying a new home versus an older home, or to search for homes for sale, contact Fred Sed Realty at (800) 921-9231 or click here to connect with us online.