Should You Purchase A Resale Home Or New Construction?

Posted on: 23 August 2022

If you are in the market to purchase a home, you may be debating about what kind of home you want. If you're looking for a single-family home, your options are a resale home or new construction. Here are some key things to know about both of these types of homes.

Resale Homes

Purchasing a resale home means that the home was previously occupied by a different owner. The home could still be relatively new with the previous owners only having lived in it for a few years, or very old and had many previous owners. Resale homes are incredibly common, making up the vast majority of all real estate sales. It's not only a practical choice but can be a great choice for a home purchase.

Resale homes tend to have a lot of character. They are going to blend in with the surrounding homes quite well, and often still have design aspects from the year that the home was originally built. Older homes may actually be constructed with higher quality construction materials, from a time when plaster walls were the norm instead of drywall. The downside of resale homes is that they often lack the modern amenities that new construction has. An older home may have small and separated rooms, rather than an open floor plan which more modern homes have today. You'll definitely need to work with what is already out there due to the limitations.

New Construction

Constructing your own home means that you have a blank canvas for you to create the type of home that you want. You can make changes to the home as it is being built to fit your lifestyle, and pick out features that you have always wanted in a home. You can make a home look as modern as you want, customize room sizes, and really narrow in on the layout and flow of the home. 

While you may think that new construction homes will be free of any problems, it's still important to have the home inspected to make sure that everything is done to your standards and without any issues. You may also have to pay a premium for certain types of construction materials. That is because new construction is often done with contractor-grade materials, meaning that it is the cheapest material to get the job done. The owner is then responsible for paying for upgrades to improve the home.  

For more information about resale homes, contact a local real estate agent.