Helping you Decide: New Vs Existing Home

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PROS:

• Modern floor plan (Open space, flex rooms, larger windows)
• Delayed major maintenance costs (such as roof or HVAC)
• Lower Utility bills as a result of stricter building codes and newer energy-efficient products
• More upfront personalization
• Builder warranties on materials, workmanship and structural items

CONS:

• Higher upfront costs
• Special financing, such as construction loans, often needed
• Longer wait times
• Often farther from amenities, jobs
• Sparse landscaping

PROS:

• Lower priced options available
• Established neighborhoods
• Mature Landscaping
• Move-in ready
• Value add-on potential with remodels and cosmetic updates

CONS:

• Outdated floor plans
• More repairs and maintenance
• Higher Utility bills if products and materials are less energy-efficient
• Less personalized
• Competition form other buyers