Once you’re ready to buy a home, you probably have a pretty good idea of what you want. However, one major question is whether to opt for new construction or an existing home. While there are advantages to both choices, new construction homes offer some excellent perks worth considering.
One of the biggest advantages to new construction homes is that the latest technology and amenities usually come standard. Not only does this mean the latest and greatest home appliances and building materials, but also superior energy efficiency.
When you buy new construction, you generally have customization options beyond the “model” homes. Things like light fixtures, flooring, finishes and even appliances can be selected from a catalog of available options. Not only does this allow you to have some creative control over your new home, it gives you the opportunity to spend more on your priorities.
While every housing market is different, it’s common for new construction homes to have less competition compared to existing homes. Typically, new construction is part of an entirely new development or neighborhood. Compared to buying an established home in a popular neighborhood, you likely won’t have to fight as much for your dream home.
There are many things to consider when comparing existing homes to new construction. Often, an existing home with some outdated features might be more affordable than a brand-new home with the latest gadgets. By keeping your priorities and budget in mind, you can make the best decision for your next home purchase.
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