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Choosing Between New and Existing Homes for Sale


Buying a house is a massive investment. For many people, it will likely be the one largest purchase they've created within their entire life. Buyers are also facing many options when thinking about properties for sale. The truth is, this past year about 5 million residences were purchased in the usa. One of the first decisions you should make is whether or not you want a new or existing residence.

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To start with, there are plenty more existing homes for sale than new ones. The truth is, of the roughly five million houses sold a year ago, around 90 % were second-hand. So buyers immediately convey more possibilities for them. With this particular wide availability, older construction will often be less expensive new construction. For many first time buyers, that is one of the primary selling points of getting a current home. These structures will also be generally built on the recommended land available. For instance, the lots that are towards the ocean, have good views, or are particularly large, will likely be built on prior to the rest. If the pre-owned property is from your mid 20th century or earlier, buyers may understand the utilization of good quality materials in the construction of the residence. The amount of craftsmanship on older homes is, typically, greater as well.

Conversely, new homes for sale offer their particular distinct advantages of buyers. One of the biggest is always that all things the residence will probably be brand new, not used at all, and under warranty. Many buyers use most, it not exclusively, with their savings to acquire a residence, and for that reason, they are often left helpless to spend on any repairs that might be required. Purchasing a new structure means that any repairs from the first few years are unlikely. When they occur, there's a pretty good chance they're covered under either the manufacturer's or contractor's warranty.

With the satisfaction that fresh construction brings, new home buyers also can custom-build their residence to match their needs. While the task might appear overwhelming to many people, the contrary would be to spend decades inside a house that does not meet all their requirements. Just as every family differs from the others, so too are their needs for their house.

Finally, new homes for sale were built with the modern buyer at heart. In 1983, the normal size of a home in the U.S. was around 1,700 sq ft. Today it is almost 2,600 sq ft. Today's buyers want garage storage, double-paned windows, security alarms, extra-large pantries, and open floor plans. Contractors know this and are designing their residences to appeal to today's homeowners.