Considerations for Deciding on a New Home
October 24, 2021Whether you’re a first-time homebuyer or a veteran, buying a house can be an involved process. From finding a real estate agent to looking for a lender, there are a lot of details and decisions to cover. Where do you want to live? What size property are you looking for? What are your must-haves and what can you afford? These are all questions that need answers. One major consideration is whether you’re going to buy new, resale or go custom. Ponder these things first.
Choosing a Resale
Resale homes can be especially attractive to a buyer because of their history and where they’re located. Finding a house in a well-established neighborhood can mean great schools and properties that maintain their value over time. Older properties also tend to be more unique with a rich sense of history and charm. Your options can vary significantly. You may find something that just needs a simple refresh or a house that needs major work like foundation repairs. Be sure to factor those costs into your budget.
Buying New
While resales have a lot to offer, there’s nothing quite like the feeling about being the first person to reside in a place. New construction tends to offer the latest bells and whistles in terms of technology, materials and building practices. Depending on where you are in the process, some builders give you the option to choose your finishes and colors, putting the work in the hand of the professionals. Often new construction comes as part of larger planned communities which can have additional benefits. Some buyers aren’t a big fan of the “cookie-cutter” look that is often characteristic of new builds.
Making It Your Own
Sometimes new builds and resales don’t meet your expectations for what you want in your castle. A custom home may be the answer, especially if you’re patient with a bigger budget. You may be able to find a local custom home builder or an architect who can translate your ideas into a set of buildable plans. Some providers can even help you find the right lot in a neighborhood that’s right for you.
There are so many things you’ll have to decide on when you’re buying a house. One major decision is whether you want to buy a resale, new construction or go with something customized from the ground up. Each option has its advantages and concerns that you’ll need to weigh as they relate to your situation.
Whether you’re a first-time homebuyer or a veteran, buying a house can be an involved process. From finding a real estate agent to looking for a lender, there are a lot of details and decisions to cover. Where do you want to live? What size property are you looking for? What are your must-haves and what can you afford? These are all questions that need answers. One major consideration is whether you’re going to buy new, resale or go custom. Ponder these things first.
Choosing a Resale
Resale homes can be especially attractive to a buyer because of their history and where they’re located. Finding a house in a well-established neighborhood can mean great schools and properties that maintain their value over time. Older properties also tend to be more unique with a rich sense of history and charm. Your options can vary significantly. You may find something that just needs a simple refresh or a house that needs major work like foundation repairs. Be sure to factor those costs into your budget.
Buying New
While resales have a lot to offer, there’s nothing quite like the feeling about being the first person to reside in a place. New construction tends to offer the latest bells and whistles in terms of technology, materials and building practices. Depending on where you are in the process, some builders give you the option to choose your finishes and colors, putting the work in the hand of the professionals. Often new construction comes as part of larger planned communities which can have additional benefits. Some buyers aren’t a big fan of the “cookie-cutter” look that is often characteristic of new builds.
Making It Your Own
Sometimes new builds and resales don’t meet your expectations for what you want in your castle. A custom home may be the answer, especially if you’re patient with a bigger budget. You may be able to find a local custom home builder or an architect who can translate your ideas into a set of buildable plans. Some providers can even help you find the right lot in a neighborhood that’s right for you.
There are so many things you’ll have to decide on when you’re buying a house. One major decision is whether you want to buy a resale, new construction or go with something customized from the ground up. Each option has its advantages and concerns that you’ll need to weigh as they relate to your situation.
