Are you in the market for a new home but aren’t sure whether to buy new or old? You’re not a lone! There is a such resale market AND a huge market for New Construction in the Jacksonville and Yulee areas! Word to the wise: lets see both resale AND new construction so you can get a feel for the pros and cons of each. But here is some good food for thought in the meantime.
Buying a new construction home has been a popular choice for many homebuyers in recent years. New homes offer modern layouts, energy-efficient designs, and many other perks that older homes don’t have. Although, there are downsides to consider when buying a newly built home.
Lets chat a bit about those pros and cons of buying new construction homes, shall we?
Pros of Buying New Construction Homes in Jacksonville + Yulee + St Augustine + St Johns or Clay County (and beyond!)
Low Maintenance: With a new construction home, everything is brand new. The appliances, HVAC units, roof, and any other elements that need maintenance won’t require significant attention for a long time. As a homeowner, you can look forward to many years without worrying about large home repairs.
Customization: Buying a new construction house allows you to choose the features and finishes of your dream home. You can add unique preferences like a home office, gym, or an extended patio area.
Energy Efficienct Construction: New homes are designed with energy-efficient features that are becoming more important to homebuyers. Your new construction home may be fitted with solar panels or energy-recovery ventilation, and more. Meaning, it’s more comfortable for you as a homeowner to save money on utility bills.
Avoid Unexpected Repairs: With an old construction home, you can expect some repairs that are often hidden during inspections. It could be expensive and cause an inconvenience. Buying new construction, on the other hand, you don’t have to worry about as many immediate repairs.
Cons of Buying New Construction Homes
Price: New construction homes come with a high premium price. You can expect to pay more money than when buying an older home of a greater size. However, times are changing, and older homes may even cost more in the long run due to the need for repairs.
Construction Time: Choosing a new construction home may require waiting for the project’s completion before you can move in. The completion time may be delayed, causing frustration in your schedule. If you plan to move on a short timeline, buying a newly constructed home may not be the best option for you. Location: New construction homes are often located in new neighborhoods that are far from the city center, or they are in developments that leave little room for shops or parks. As a first-time buyer, it’s essential to assess the location of new construction homes to make sure it’s right for you.
Limited Room for Negotiations: With new construction homes, negotiating the price is tricky. Developers do not often negotiate their prices as they are looking to produce a profit, which can prove problematic for buyers looking to save money.
At the end of the day, buying new construction homes may have some disadvantages, but it also has its upsides. The critical factor to consider is how these benefits and drawbacks align with what you want in a home. The decision to buy new construction or older homes varies from one person to the next.
Which is why I ALWAYS recommend…. that we take a good look at each. Let’s talk about whats best for your needs, lifestyle and budget. AND LETS SCHEDULE SOME SHOWINGS – because nothing beats seeing a home in person.