Should I buy a pre-owned home or a newly built home? It’s a question that many ask themselves at some point during their house hunt, and the answer really depends on your personal circumstances and list of wants and needs. That said, there are compelling reasons to purchase new construction over pre-owned, so follow along as we dive into what factors to consider when buying a new home.
Advantages of Buying a New Construction Home
New construction homes offer numerous benefits, not the least of which is that a shiny new home has never been lived in! A new home also means a modern home that includes stylish features, energy-efficient appliances, a contemporary layout, and more.
Additional advantages of buying a newly-built home versus a pre-owned home include:
No Renovations
New construction homes don’t require costly repairs or renovations. Once you get the keys, you simply move in! Our new homes also come with a home warranty for peace of mind throughout the homebuying process and after move-in.
Personalization
Working with a new home builder like Century Communities gives you a blank slate to personalize your new home after closing. Be as creative as you like with paint colors, fixtures, decorations, etc. You also won’t need to spend time removing old wallpaper or updating fixtures.
Location
In many cases, new construction homes are built in up-and-coming areas with easy access to major employers, along with prime attractions like shopping, dining, and entertainment. Many new communities also include state-of-the-art amenities like pools, rec centers, parks and trails
Energy-Efficient
When you purchase a new home, you’ll get brand-new appliances that are likely more energy-efficient and cost-effective than those in a pre-owned home. Other features like energy-efficient windows and insulation can help lower your utility bills and save you money.
Disadvantages of Purchasing a Pre-Owned Home
There are several potential disadvantages to purchasing a pre-owned home, including hidden maintenance expenses, outdated fixtures, unstylish furnishes, and cramped home layouts. Let’s dig in further:
Hidden Maintenance Costs
Living in an old house can present certain challenges that might not immediately be visible, such as leaks or foundation issues. If you're considering purchasing a pre-owned home, it's important to keep in mind that fixing issues can be costly. It's highly recommended that you hire experts to assess the condition of the home before making a final decision.
Outdated Fixtures and Finishes
Older homes often have drab lighting fixtures and worn-out appliances, not to mention an overall aesthetic that can feel like a throwback—and not in a good way.
Old-Fashioned Layouts
Homes in the past were often designed with smaller bedrooms and less storage space, while new construction homes typically have more open layouts with generous bedrooms, enhanced entertaining space, and increased storage.
Find Your Newly Built Home
Convinced new construction is right for you? We’re here to help you find the perfect new home for your lifestyle and needs.