Now that you have decided it's time to buy a house, it's time to examine your options. When you are out looking for house you will likely look at both a new house and an existing home. Before you make your decision, you should consider the pros and cons of each type of property. These are a few points that you should keep in mind before putting in an offer to buy.
New Constructed Homes
Newly built homes have good quality control standards, current construction methods, and better energy efficiency than many existing homes. They often carry a one year or longer home warranty and good financing options. The downside is that while they are easy to buy, it is often hard to sell them for a few years. This is usually due to the builder continually building more new homes in the subdivision.
There are many reasons why new homes traditionally carry a higher price tag than older homes. Home buyers can often purchase a new home with little money out of pocket. Builders and developers often package in thousands of dollars of upgrades and incentives to lure in buyers. New homes in new developments often have a bland feel and offer little in the way of shade trees like older neighborhoods would offer.
Older Homes
Older homes tend to have a certain "character" that is missing in new homes. Having been lived in previously, older homes can provide you with a history of it's condition and performance through the utility bills. Older homes can also be better constructed than new homes in some cases. It is real important to get a home inspection done so you can be sure the home is constructed well. Also, if any settlement is going to occur in the home, it has likely already done so in an existing home.
Existing homes are mainly located in neighborhoods where there are established school systems and neighbors who look out for one another. The yards have tall trees which provide plenty of shade and help to create that at home feeling. They often are much easier to resell soon after you buy one as the demand for homes in the neighborhood are high.
By evaluating your families needs you'll have a better shot at determining where to focus your efforts when buying a home. Only after doing so will you be able to determine if a new home or an older home is right for you.
New Constructed Homes
Newly built homes have good quality control standards, current construction methods, and better energy efficiency than many existing homes. They often carry a one year or longer home warranty and good financing options. The downside is that while they are easy to buy, it is often hard to sell them for a few years. This is usually due to the builder continually building more new homes in the subdivision.
There are many reasons why new homes traditionally carry a higher price tag than older homes. Home buyers can often purchase a new home with little money out of pocket. Builders and developers often package in thousands of dollars of upgrades and incentives to lure in buyers. New homes in new developments often have a bland feel and offer little in the way of shade trees like older neighborhoods would offer.
Older Homes
Older homes tend to have a certain "character" that is missing in new homes. Having been lived in previously, older homes can provide you with a history of it's condition and performance through the utility bills. Older homes can also be better constructed than new homes in some cases. It is real important to get a home inspection done so you can be sure the home is constructed well. Also, if any settlement is going to occur in the home, it has likely already done so in an existing home.
Existing homes are mainly located in neighborhoods where there are established school systems and neighbors who look out for one another. The yards have tall trees which provide plenty of shade and help to create that at home feeling. They often are much easier to resell soon after you buy one as the demand for homes in the neighborhood are high.
By evaluating your families needs you'll have a better shot at determining where to focus your efforts when buying a home. Only after doing so will you be able to determine if a new home or an older home is right for you.
About the Author:
Hubert Miles is a free lance writer and webmaster for several financial websites. For more information on Finance Articles and Money Articles.
Aucun commentaire:
Enregistrer un commentaire