Buying New Vs. Buying Old
Filed under: Home Tips
There are pros and cons to building a home and to buying an established home. It will all come down to what you are looking for in a home. For example, do you want an energy-efficient home with state-of-the-art appliances? Or are you looking for a home in a great location with established schools?
Let’s break down what you can find in each type of home.
Buying New: Pros and Cons
New homes are desirable, especially in this market. When you build a home, you don’t have to go through the bidding wars that finding a home requires these days. Instead, you can sign up with a developer and get started on designing your home.
Take a look at other pros:
- All neighbors are new together
- Energy-efficient windows and doors
- Up-to-date appliances and technology
- Less maintenance
If you are looking for a move-in-ready home, buying new may be the best option. You can enjoy all the perks without worrying about big repair bills coming up in the near future.
However, keep in mind that some new builds are priced higher to offset the promised energy-efficiency savings. You also will find less charm and landscaping in new homes, leaving you with the challenge to make it your own with what you have.
Buying Old: Pros and Cons
The great part about buying an older home is you can get all of the perks of the reputable neighborhood while keeping the option open to upgrade and renovate the house to your liking.
Here are some great things about buying an older home:
- Established neighborhoods
- Mature trees
- Schools with great ratings
- Specific architecture
Enjoy these perks of an older home, knowing that the neighborhood stands the test of time and is in the location of your dreams.
The downside to buying a home that is 20 or more years old is maintenance. Huge costs like the roof, air conditioning, and windows can come up and lead to financial stress.
If you have questions about new developments in Temecula and if it’s better to buy old or new for your situation, give me a call for a consultation. You can reach me by calling, texting, or emailing at (951) 473-0390 or [email protected].