One of the biggest questions facing prospective home purchasers is if they should concentrate on properties currently under construction or if a resale house may be a wiser decision. Certainly there are a lot of pros and cons for both sides of the subject, and in the end a variety of lifestyle preferences must be factored into the decision. Below is a look at the types of factors that should be weighed when deciding if a new piece of real estate has more advantages than a resale home.
Of course, location is the key and has a overwhelming impact on what type of home you select. Most civic designs naturally contain more resale properties that are closer to amenities since they were built around the downtown area as is it developed. Also, builders chose ideal locations for early residences and purchased a lot of the more striking regions to produce those beautiful archetypal neighborhoods.
Because land is less expensive and more easily available on the outskirts of metropolitan areas and in rural regions, new houses are usually far from major city services. Because of this commuting costs must be factored into the cost of buying a new home. But, if journeys into town are not an a thing you often do, the value of residing in the suburbs include modern schools, wider roads, master-planned communities and large shopping malls.
As a rule, older houses were not planned to effectively layout the space or conserve energy, so unless the property has recently been remodeled, improvements will be required. But, older design features such as wrap-around patios, attic rooms, and converted garages are rare in new construction houses even though they are still highly prized by a lot of buyers. Older houses will most likely require some kind of fixing beginning the day you move in. This is where the advise of an agent will come in handy since they often take real estate training courses in how to approach the concerns of older homes.
New houses typically contain more modern aspects like open kitchens, theatre rooms, more luxurious bathrooms and workout rooms already laid-out in their design. Some designs that sound good on the plans are not always the best to live with when you are living in it. A new property owner may expect a reprieve from any immediate major repair bills, however, mainly because almost all new homes carry a warranty for up to 10 years from the time of purchase.
Older properties have a better chance of having mature trees, established plants, privacy fences and paved walkways. Older neighborhoods have larger lots with more room between houses. The yard may have a gazebo, greenhouses and garden sheds that are incorporated into the purchase price. As an sample of these kinds of attributes you may review the Oakville Ontario real estate market and its many resale properties.
The area nearby a freshly-built home is normally suffering from the recent work and debris produced by building crews, meaning an instant investment of time and funds. Places like real estate in Hamilton are experiencing this in a lot os new communities as the region proceeds to grow. Of course, you can take the opportunity to design an ecologically sensitive landscape that will reduce maintenance and watering.
In the long run, deciding between a new property and an older one will be a selection based on your way of life. Examine as many factors as you can for both options, and investigate all possible stumbling blocks and benefits thoroughly prior to making a decision.
Tags: home buying, real estate
Source: http://www.dallas-tx-realestate.com/201/buying-a-new-or-used-home/
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