New Build 

  1. Ability to customize- When building a home from scratch you can have control over a home’s layout, colors, and features. When you buy a resale home, you have to compromise and accept the previous owners’ tastes. 

  2. Warranty- Typically, new homes come with a one-year builder warranty and ten years for major structural components. A home warranty policy is negotiable with a resale but it is not guaranteed. 

  3. Lower maintenance- It’s new, so you won’t have to worry about repairs in a while. This can give you more leeway to use that money for other important things, like your mortgage!




Resale 

  1. Location- If you want to be in the middle of the action, then a resale might be a better option for you. Most new construction homes are built in suburban subdivisions, which means it will require a longer drive to get around. 

  2. Timing- Depending on what your timeline looks like, a resale home can be available to move in quicker than a new construction home.  A new build will require that you wait until your home is built, which can take anywhere between 6 - 9 months. 

  3. More bang for your buck- New home prices are generally set because the builder wants to protect the value of the neighborhood, whereas with a resale, you have a little more room to negotiate. Older homes can also come with charm and character that is already included with the home; such as blinds, landscaping, and built-ins. These are usually considered upgrades with new homes. 

 

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