Home buying is an exciting process. It is also a big decision to make and once you've decided that home ownership is your next step in life, the first options you have to face is choosing between buying a pre owned home or buying a new one. So here is a brief explanation of the pros and cons of going for a new home instead of getting a pre owned property.
Advantages Of Buying A New Home
One good advantage of new homes is that they usually have less repair problems, at least within the first few years. We all know that pre owned homes have seen years of wear and tear, and getting a new property instead will allow you to enjoy a newly furnished and fresh looking home.
Also, if the new home that you are going to buy is custom made for you and is still gonna go through constructions, you will be able to incorporate your own ideas for the design and architecture of the home. Sure you can always renovate a pre owned home, but it would be way more convenient if your ideas are included in the making of the property instead of changing it after it was finished.
Disadvantages of Buying A New Home
While buying a newer home has many upsides, there are also some disadvantages that come with it. First of all, the cost. New homes cost higher than similar homes on the market that are pre owned, plus the furniture and fixtures in new homes are also new, which means these stuff add up to the overall cost of your purchase.
Location is also a major downside to buying a newer home. Most new homes are located farther away from the city because the urban areas are either full of older homes, or the lots are too expensive to purchase for new constructions. This means that if you opt for a new home, you may be in for long drives in going to and from the commerce area.
