New home or resale: How do you choose?
There comes a time in everyone’s life when you’re ready to buy a home. Whether you are considering purchasing one with a partner or on your own, there is a lot to consider: How many bedrooms? How many bathrooms? Do I need a backyard? Where should it be located? What’s my price range? The decisions you’ll have to make are endless. However, there is one simple question you should ask yourself first: Do I buy a new home or purchase one for resale?
This single question can change your entire decision-making process when it comes to purchasing a home. Every year, approximately 25 per cent of homes purchased are brand-new, while the remaining 75 per cent are previously owned homes. If you’re unsure whether you should build or buy, read on to see if building a new home sounds like the right choice for you.
- Your Research: When you’re looking at homes for sale, you are constantly searching for the better floor plan, a big bedroom, nice kitchen countertops, etc. Once you finally find a home you like, researching the company who built the home often gets overlooked. This is such an important step in the homebuying process to understand the company’s reputation. Building a new home allows you the luxury of choosing the builder, one that is proud of their work and has a proven track record with skilled, experienced workers.
- Your Choice: Once you choose a builder, the world is your oyster. You are able to personalize the blueprint, choose the community that suits your needs and assist in every step of the design process if you so desire. Of course, there are many choices to make when buying a previously built home as well, however many of the major decisions will have been made at the time of construction. Builders will work with you during the planning, design and building stages of your home.
- Your Luxury: Perhaps one of the largest benefits of building your own home is the freedom it allows when furnishing it. You are able to choose the water-saving, energy-efficient, state-of-the-art models that wouldn’t have fit in the old 1980s house because the space was too small, the hookups were too old, the support beam was built in the wrong place – you get the point. You will have confidence knowing that you are getting exactly what you want in a home.
- Your Piece of Mind: Building a new house allows you to choose the builder, choose the layout and choose every feature of your new home, and it also provides you with a warranty. Home builders are proud of their craftsmanship and will guarantee their work.
Whether you decide to buy a new home or purchase a previously built one, there are a lot of options to consider. Decide what is important to you: Do you want to know the builder? Do you want to plan the kitchen? Do you want to make the master bedroom three feet wider? If the answer to any of these questions is yes, contact us today to start your home building process!