Where Will You Go If You Sell? You Have Options.
There are several valid reasons why you might be prepared to relocate. Whatever your reasons, you should plan your next move before listing your existing home.
It makes reasonable to consider all of your possibilities in the market today. That applies to both newly constructed residences as well as those that have already been occupied. Let's evaluate the advantages of each to aid in your decision as to which is best for you. Working with a reputable real estate expert is crucial throughout the process, regardless of the alternative you decide to investigate.
The Advantages of New Construction
Let's start by examining the advantages of buying a newly built home. You can: With a new home, you can:
1. Build the house of your dreams.
You can choose the specific amenities you desire, such as appliances, finishes, landscaping, layout, and more if you build a house from the ground up. As stated by Bankrate:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs. You also won’t be limited to a specific location or neighborhood.”
2. Benefit from Builder Discounts
Many housebuilders are making a lot of effort in the current market to sell their existing inventory before adding more to their mix. This indicates that a large number of companies are making compromises and are more eager to bargain with purchasers. That might work in your favor throughout the procedure.
3. Cut down on house repairs
Many builders provide warranties, giving you piece of mind in the event of improbable repairs. Additionally, you won't have as many minor improvement tasks to complete. According to realtor.com:
“. . . if something goes wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
4. Benefit from energy efficiency
When designing a home, you can select brand-new, energy-efficient features to help minimize utility expenses, safeguard the environment, and lessen your carbon footprint.
The Advantages of Existing Housing
Let's now contrast those with the advantages of purchasing an existing property. You can: with a pre-existing house:
1. Examine a larger selection of home designs and floor layouts.
There are more floorplans and ideas to choose from because there are decades' worth of homes to go over.
2. Enjoy that cozy, lived-in charm.
It's challenging to replicate the charm of older homes. You might select an existing home if you like timelessly beautiful craftsmanship or design aspects.
3. Join a well-established community
Existing homes allow you the chance to explore the area, meet the locals, and learn about the traffic patterns before committing. Additionally, they feature more mature trees and landscaping, which can increase your seclusion and improve the appearance of your home.
4. Swiftly Advance
Purchasing an existing home can make sense for you if you have a limited amount of time to move or just don't want the process to take several months while your home is being built. U.S. News details:
“When you’re choosing a home, existing or new, you should also consider how long it might take to move into that home. Just because you have a contract doesn’t mean that your new home will be completed (or even started) at the time you agree to the purchase. It can be a struggle waiting for the walls to go up as you wonder what your home will become.”
Keep your options in mind when deciding where you'll live after selling your home. Consider your top priorities as you begin your quest. Working with a reputable real estate agent will provide you the assurance that you're making the most informed decision.
If you have questions about the options in our area, let’s discuss what's available and what's right for you, so you’re ready to make your next move with confidence.