New Residences vs Existing Residences430681427371


New Houses

Freshly constructed homes have very good good quality control standards, newer construction [http://twelveriversrealty.com/ austin luxury condos downtown] tactics, and much better energy efficiency than several older houses. They frequently carry a 1+ year warranty and very good financing options. The downside is that although they are easy to get into, it is extremely difficult to sell them for a few years (particularly if the builder is nonetheless in the subdivision), and the final value is typically larger than an older house (even though they usually need quite small up-front funds, and many builders will give thousands of dollars of upgrades and incentives.) The neighborhood will not be established, there will be really few shade trees like in an older neighborhood, and it will have much more of a frontier really feel. If you like new and shiny like a new auto, then the clean smell of a new house will be your factor.

Existing Houses

These are owned by home owners who want to sell their houses. They have been seasoned, and might be much better constructed than newer residences. Many people like the reality that they have the charm and history of getting been lived in - in reality, a lot of purchasers think that a new residence is "cold" if it hasn't been lived in. Their age gives them respectability, and they are in established neighborhoods with tall trees and established neighbors and schools. They may be funky/customized with fascinating quirks. These are for folks who like "established" OR "various." They are much less difficult to sell soon soon after you get one. A lot of also carry a 1-year warranty. They could not appeal to men and women who like getting the initial in a property or who want one particular constructed specially for them.

Which do you like much better - New or Existing? Individuals who like 1 could not like the other, although there are many exceptions who like each.

2006, Jon Kresh