Where do you plan to go if you’re considering selling your home? You may have heard the supply of homes for sale is still low, which means your home should stand out to buyers craving more options. But you may also wonder, once you sell, how does the current supply impact your move? And, will you be able to find a home you want to buy with inventory this low?
One thing that can help you find your next home is exploring all your options, including both homes that have been lived in before and newly built ones. Let’s look at the benefits of each one.
The Pros of Newly Built Homes or New Development
First, look at the advantages of purchasing a newly constructed home. With a brand-new home, you’ll be able to:
- Create your perfect home. If you build a home from the ground up, you can select the custom features you want, including appliances, finishes, landscaping, layout, and more.
- Cash-in on energy efficiency. When building a home, you can choose energy-efficient options to help lower your utility costs and reduce your carbon footprint.
- Minimize the need for repairs. Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little projects to tackle.
- Have brand new everything. Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.
The Pros of Existing Homes
Now, let’s compare that to the perks of buying an existing home. With a pre-existing home, you can:
- Explore a wider variety of home styles and floorplans. With decades of homes, you’ll have a broader range of floorplans and designs.
- Join an established neighborhood. Existing homes allow you to get to know the neighborhood, community, or traffic patterns before committing.
- Enjoy mature trees and landscaping. Established neighborhoods also have more developed landscaping and trees, which can give you additional privacy and curb appeal.
- Appreciate that lived-in charm. The character of older homes is complex to reproduce. You may prefer an existing home if you value timeless craftsmanship or design elements.
The choice is yours. When you search for the perfect home, remember that you can go either route – you need to decide which features and benefits are most important to you. As an article from The Mortgage Reports says:
“When building, you gain more freedom to tailor the design, materials, and features, but it demands more time and involvement. Conversely, buying an established home offers immediate occupancy . . . yet may require compromises. Your choice should align with your budget, timeline, customization preferences, and the local real estate landscape.”
Either way, working with a local real estate agent throughout the process is mission-critical to your success. I will help you explore your options based on what matters most to you in your next home. Together, you can find the home that’s right for you.
If you have questions about the options in our area, let’s discuss what’s available and what’s right for you. That way, you’ll be ready to make your next move confidently. Remember, I can connect you with some of the best agents wherever you decide your new city is. Within our Coldwell Banker Global network, I have an expansive network built with trusted agents in all major markets nationwide and affiliation with agents in over 40 countries. No matter where your move takes you, we are all here to support you.
Other educational articles about the market and your home search are under Karen’s Blog. Additionally, explore the search bar for other topics of interest.