The Pros And Cons OF Choosing To Buy A New Construction Home

With the housing market continuing to recover many home buyers are looking into buying a new home they can customize to be their own.  A new home means just that, a home that has never been lived in prior. Buying a new construction home is a slightly different process than buying an existing home and it’s always a good idea to weigh the good and the bad before making the decision.

Here are some of the pros and cons of buying a new construction home.

The Pros

• If you purchase the home before the construction process is complete you will be able to customize it to your liking. If you choose to have it built from the ground up you have the ability to customize it as much as your budget will allow.
• Buying a new construction home means it will be move in ready.
• The floorplan in new construction homes today is on trend with the demands of today’s lifestyle.  You will tend to find large master bedrooms and bathrooms, eat-in kitchens, and spacious walk-in closets.
• Another benefit of buying a new construction home is that all the appliances, heating, air, and plumbing will be new -- costing you less in maintenance for a few years at least.
• Many of today’s new construction homes are built more energy efficient which will result in a lower energy bill.

The Cons

• New home construction can sometimes cost up to 30% more than buying an existing home depending on location and upgrades.
•   A model home is filled with upgrades and the cost of those can add up quickly.  It is easy to go over budget.
•  Some new construction homes are in a developing neighborhood that may not be close to shopping, dining, and schools.  Also, if you are one of the first to buy in a developing neighborhood you can expect to live in a construction zone for a few years to come.
•  If you like the look of a home on a street with mature trees lining it, a new construction development is not for you. It will be many years down the road before trees would mature in a new development.
•  Many older existing homes are rich in architectural detail and charm and that is not always the case with new construction.
•   Depending on the location, the new construction home may come on a smaller piece of land than similar existing homes. If it's space you want and neighbors not so close, an existing home may be more your style.

There are both pros and cons of buying an existing home and a new construction home and there is no right or wrong answer.  You should determine what best fits the needs of your family.

If you are considering purchasing a new construction home The Silva Group is experienced with the process and has built a great working relationship with many local builders and is here to help. You want someone with experience on your side looking out for your best interest.  Contact us today to see how we can help you make your dream home become a reality.