When it comes to buying a home, you probably question if you should buy a new home vs a pre-owned. This info-graphic weighs the pros and cons of both.

New Home

Pros:

1. Everything is brand new!

2. Lower Utility Costs.

3. You’re able to customize your home.

4. Great Incentive! Builders can include major appliances, upgrades or cash bonuses!

Cons:

1. Higher purchase price.

2. Landscaping will cost you extra.

3. The risk of being in a non-established neighborhood.

4. You’ll be investing more time in planning/designing.

5. Further away from metropolitan areas.

Pre-Owned

Pros:

1. It’s move-in ready.

2. Most likely it’s centrally located.

3. Purchase price is lower.

4.You can do your research on the neighborhood.

5. The seller may leave some furniture and amenities.

Cons:

1. It’s not going to be in perfect condition.

2. May look outdated.

3. Utilities will cost more.

4. Out of pocket expenses.

5. Hidden/unknown repairs that re not immediately noticed.