Up next in 10
Should you choose a newly built home or go for an existing one? This is one of the biggest decisions homebuyers face—and we’re breaking it all down for you. Learn how cost, maintenance, customization, neighborhood growth, and resale value play into your decision.
👉 Dive deeper into this topic with our full blog post: https://real-estate-crunch.com/is-it-better-to-buy-a-new-construction-or-existing-home/
#RealEstateCrunch #HomeBuyingTips #NewConstruction #RealEstateAdvice #FirstTimeHomeBuyer #RealEstateInvesting #HomeBuyingDecision #PropertyTips
Show More Show Less View Video Transcript
0:00
[Music]
0:06
hi this is Anita from Real Estate Crunch
0:10
you know a question a lot of people ask
0:12
themselves when they're looking to buy a
0:13
property is should I buy a new
0:15
construction or an existing home so let
0:19
me talk a little about some of the pros
0:20
and cons one of the pros of a new
0:23
construction is that it has usually has
0:25
modern features and you know may have
0:27
some customization that you're able to
0:29
do depending upon the builder it can
0:31
have lower maintenance costs at least at
0:33
first because you know things should be
0:35
working because they will be new a lot
0:38
of your appliances and other things
0:40
should have warranties on them so you
0:42
won't have to worry about that they
0:44
should have some energy efficiency built
0:46
in most a lot of new homes looking for
0:48
you know energy efficiency windows and
0:51
other type of things and a lot of them
0:53
could have smart technology already
0:55
integrated into the home
0:57
itself but some of the cons of a new um
1:02
new construction home could be you know
1:04
higher initial costs there could be some
1:06
higher costs you know more upfront costs
1:08
than um older homes in some developments
1:12
you homes can be very similar you know
1:14
of of new of the cons they can almost
1:16
look like cookie cutters you know I
1:18
remember a si my one of my sisters
1:20
bought a new home in California and all
1:22
the homes had the same color and I could
1:25
only tell her home because I know she
1:28
was the only one on one side of the road
1:29
that terracotta sidewalk you know so you
1:32
know can be really hard for you to you
1:34
know do something that's different with
1:36
your home if you you know you may end up
1:39
with just a cookie cutter design like
1:40
everyone else you know the landscaping
1:43
in the neighborhood may not be very
1:45
mature so there you there could be you
1:47
know trees haven't grown yet it may not
1:49
you know be a really pretty area in some
1:51
ways um because things are not very
1:54
mature as far as landscaping goes or you
1:57
might be in an area where your neighbors
1:58
are always constructing and you've got
2:00
you know construction and dust and all
2:02
this constantly going on in your area
2:06
there can always be construction delays
2:08
you know construction is not perfect
2:09
it's not always on time and there can be
2:12
location limitations most developments
2:14
are built further from city centers
2:16
where land's available so you know you
2:18
could be limited in exactly where you
2:21
are where you could be located
2:23
you know for an older home some of the
2:26
uh pros of an old older home is you know
2:28
they can be a more affordable price per
2:30
square foot a lot of the times the older
2:32
homes will be a little bit less per
2:34
square foot uh they can be an
2:36
established neighborhood so there could
2:38
be a nice neighborhood there they can
2:41
have the character and architectural
2:42
details depending upon when the home was
2:45
um you know was built there could be a
2:47
lot of great architectural details with
2:49
the home itself it could have a great
2:51
location advantage might be in a really
2:53
prime location a great neighborhood you
2:57
know because of um just because of an
2:59
older home there could be room to
3:00
renovate a lot of the older homes like
3:02
they might have larger plots of land
3:04
they might have more land if that's
3:06
important to you and they might have
3:08
more potential for customization or for
3:11
renovation or for even for expanding you
3:14
know some of the cons of an older home
3:16
is there can be higher maintenance and
3:18
repair costs for the home there might be
3:21
outdated you know layouts and and and
3:23
features of the home itself there can be
3:26
some energy inefficiency unless they've
3:28
been um upgraded older homes may have
3:30
poor insulation you know drafty windows
3:33
and um air conditioning and heating
3:36
systems there could be possible safety
3:38
or code issues with an older home and
3:41
they can be less predictability for
3:43
expenses so you know o older homes you
3:46
know can have their own set of problems
3:48
too with them and that's one reason why
3:50
if you're ever looking to buy an older
3:51
home we always recommend that you get an
3:53
inspector and have the inspector check
3:55
the home even for new construction you
3:57
might want to have somebody come in and
3:58
check it there has been you new
4:00
construction too which has had problems
4:02
and issues which um you know hasn't
4:04
always been up to code or has had
4:05
different things even with the new
4:07
construction there could be you
4:08
something that they put in that's not
4:09
quite tested and it could end up failing
4:12
or in an older home maybe it's been
4:13
tried and true for um a long time if
4:17
you'd like to go read more about this
4:18
we've written a blog post entitled "Is
4:20
it uh better to buy a new construction
4:22
or existing home?" And hopefully this
4:24
could give you some ideas as to
4:27
different things that you can look for
4:28
how you can compare cost you know some
4:30
different things that you might want to
4:31
look at and some things also that you
4:34
should watch for in both um new
4:37
constructions and in older homes some
4:40
things you want to look for and also we
4:43
just want to point out that what's
4:45
really important in real estate is
4:47
location location location so you know
4:51
depending upon where you want to live
4:53
you may not have a choice for a new
4:54
construction you may only have a choice
4:56
for an older home or maybe where you
4:59
want to live you only have a choice for
5:00
a new construction and not for an older
5:02
home so it really depends upon the
5:04
location of where you want to live
5:06
because location is one of the most
5:07
important things in real estate that you
5:10
are buying real estate in a very good
5:12
location this is Anita with Real Estate
5:15
Crunch thank you so much for listening
5:17
we've hope that you've enjoyed this that
5:18
you'll press subscribe and be part of
5:20
our community and join with us as we
5:23
learn and discover about real estate and
5:25
talk about all things to do with real
5:27
estate thank you so much for listening
5:30
[Music]
#Home & Interior Decor
#Home Improvement
#House Painting & Finishing
#Real Estate
#Real Estate Services
#Property Development
#Property Inspections & Appraisals
#Real Estate Agencies