Should You Consider New Construction? Here's What We're Seeing:
Ten years ago, a new home cost about $60K more than an existing home.
Not anymore. Today, new construction and existing homes are virtually on equal price footing.
That said, here are a few reasons why a new home may be right for you:
• New homes are built with the latest materials and technologies, making them more energy-efficient and sustainable.
• You may be able to customize your new home by choosing the floor plan, finishes, and appliances.
• Most new homes come with a warranty, which means major problems will be covered. Plus, with new systems and appliances, there shouldn't be any costly surprises anytime soon.
• New construction homes typically have modern community amenities. Think walking trails, dog parks, playgrounds, and a community pool and clubhouse.
• Let’s face it. As much as you might love the idea of a fixer-upper, most people don't have the time or capacity for major renovations or upgrades. A home you can walk into, hang a few pictures on the wall, and call it a day sounds well…pretty nice.
Keep in mind a new home can take several months to be completed. But if you can weather the wait, a new construction might be ideal for your next home.
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Source: Old homes in the U.S. now cost just as much as new properties. Here's why. - CBS News
