BUYING A NEW HOME OR RESALE WHATS RIGHT FOR YOU

Dated: 06/10/2019

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Source: https://images.app.goo.gl/JWtWBEUQYboEtC6f7

Early in the real estate process, you may be faced with the question of buying a brand-new property or go with a resale house. Both offer significant advantage which we will discuss below:

Advantages of Buying a New Home

NEW FEATURES

There’s always something about being the first owner of a house that’s the charm of choosing a new property. New features, shiny furnishings – everything feels brand new and since with you can participate in the design process, you are able to make your new home feel truly “yours”.

YOU CAN CUSTOMIZE IT

With modern properties, an important process is builders discussing the design and other features with the homeowners. This is where you can input your own preferences.

NEW LAYOUT WHICH CONFORMS TO MODERN NEEDS

Unlike old homes which have large living or day rooms and small kitchen, modern new houses have bigger rooms, more windows and larger kitchens which conforms to today’s modern designs and needs. Also, new homes come with wirings such as for Internet and telephones which are not present in older houses.

MOST COME WITH A WARRANTY

Since most of the items are new, a lot of features such as heating or air-conditioning, or flooring come with warranties, some even come with manufacturer warranty. You can save a lot if you encounter any issues in the future.

HIGHER RESALE VALUE

New homes tend to have higher resale values because of its brand-new features. This is great if in case there are unforeseen circumstances which may cause you to move house.

Advantages of Buying a Resale Property

MORE CHARACTER AND CHARM

There are charms and character to vintage properties – perhaps in the house itself, or in the neighborhood. You can always refurnish every item to make it look new while maintaining its natural character.

LESS EXPENSIVE

Resale properties tend to be less expensive compared to newer properties so this is a great option if you are tight on budget.

LOWER TAX

Depending on location and other considerations, most resale properties have lower lax reliabilities compared to new homes.

MORE LAND AREA

While most old house compromise on modern layout, they often offer far bigger land areas which is great if you have plans to expand or even explore gardening and other outdoor features.

LARGE HOUSE COMPARED TO NEW PROPERTIES

Similar to having a larger land area, resale properties tend to have bigger façade compared to new homes which can look like it’s an expensive property.

MORE ROOM FOR NEGOTIATION

Because older houses tend to have more items that need repair, you have more room for negotiation thus possibly saving you more money.

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 Both advantages to buying a new house or resale are significant so our advice will be not to choose one right from the start. Instead, figure out what you and your family needs and your priorities such as budget and you can work your way out from there. Better yet, hire an experience real estate consultant for your housing concerns.

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Sergio Martinez

I have been helping for more than 6 years Buyers and Seller to either find their Dream Home or Selling and make the most out their current property. Also, I have been working with Investor who eithe....

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BUYING A NEW HOME OR RESALE WHATS RIGHT FOR YOU

Source: https://images.app.goo.gl/JWtWBEUQYboEtC6f7Early in the real estate process, you may be faced with the question of buying a brand-new property or go with a resale house. Both offer

Read More