New Homes offer some benefits that Existing Homes do not have.

Existing Homes on the other hand offer benefits as well.

 

Here are a few features and benefits that today's Home Buyers are looking for:

 

  • They can pick a floor plan/layout that suits their needs the most

  • They can pick exterior design and colors

  • They can select interior features such as cabinets, appliances, countertops, appliances, flooring, carpet, lights and other options

  • Choose where the master bedroom is, 1st floor or 2nd

  • High Ceilings

  • Size and location of the lot (sometimes)

  • Amenities (Pool, Tennis etc)

  • Energy Efficiency (even Green Construction at an additional cost)

  • Everything is under warranty from day 1: new roof, new HVAC, new appliances, new flooring etc

  • Low Maintenance

  • New Homes require the buyer not to undo anything, home is move-in ready

There will be lot premiums added to the price if it is not a “regular” lot

In addition to these features and benefits many new home builders offer incentives such as pain closing cost is buyer uses their preferred lender and closing attorney. All this is very tempting to today's home buyers. Allowance for the appliances and lights.

But know this, no buyer ever buys a house for the "sticker" base price. Once they get to the Design Center of the builder and they start selecting, the price goes up. Covered In the base price is just that, base selection. Many buyers upgrade:

Carpet

Flooring in general (Tile, Hardwood)

Countertops

Cabinets

Lights (Ceiling Fans)

Blinds

Screen Porch, Sun/Florida Room, Automatic Sprinkler System, Landscaping package to name a few upgrades.

 

 

 

Don't Count Existing Homes out, however. There are benefits as well and included in the asking price:

 

  • Improvements such as a Screen Porch or Sun Room
  • Mature Landscaping
  • Fence
  • No Construction Noise and dust
  • Location may be more convenien

  • Crawl Space Foundation compared to slab (Cheaper)

  • Larger lot and potentially more privacy

  • Brick Construction versus Vinyl or other Materials

  • Price is what the asking price is, nothing added or going up as with a new home

  • Buyer can get a 1 year Home Warranty and renew after expiration to cover most of the components of a home from HVAC, to Plumbing, Electrical, Roof Leaks and more

  • Seller can contribute to the buyer’s closing cost.

    Today's thought after OPEN Floor Plans do not fit every family and their needs. They are noisy (no walls space for furniture and to buffer noise), no privacy and cooking grease and odor go everywhere if your family cooks. If you have small children a 1st floor master may not be ideal. There are many things to consider when a buyer compares new homes to existing homes. There may not be a 1 formula fits all. Every buyer needs to examine their own needs.

ALL INFORMATTION HEREIN DEEMED RELIABLE BUT NOT GUATANTEEED. ALL INTERESTED PARTIES TO RELY ON THEIR OWN VERIFICATIONS.

EACH COMPANY OWNED AND OPERATED INDEPENDENTLY!