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 May look outdated.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.
Connect with Us