First Home Basics: New Or Pre-owned?

Should I buy a new or pre-owned home?

Given recent advancements in building technologies and the move to larger, more spacious designs, many people simply prefer new homes to pre-owned ones. A new home affords owners an array of features that older homes often cannot match.

Space
New homes are designed and built to maximize space, with larger floor plans and open, inviting interior layouts. However, older pre-owned homes tend to have smaller rooms and poor sight-lines, and reduced natural light.

Technology
Built with the latest design and construction techniques, many new homes offer a host of technology features, such as RG6 pre-wiring for Internet access and advanced Cat 5e voice lines.

Appliances
From kitchen appliances to air conditioning and heating systems, new homes include brand new appliances, many of which carry multi-year warranties and guaranties against defect. Conversely, older homes may have appliances and systems that are decades old and which may not have been serviced according to manufacturer specifications.

Location
Because land is a limited resource, many new homes are built in suburban communities outside metropolitan centers. These communities often enjoy the newest schools and more convenient access to shopping and recreational opportunities.

Customization
Unlike pre-owned homes, new homes can be customized and designed to your exact preferences. From kitchen tiles to carpet colors and window treatments, a new home will reflect your tastes—not someone who lived there 20 years previously.

Next Topic: Choosing A Builder