Advantages of Shopping for a New Residence Versus a Resale Residence
Are you starting your private home buying journey? If that’s the case, it’s possible you’ll be contemplating the professionals and cons of shopping for a brand new residence versus a resale residence. As one of many nation’s largest homebuilders (and America’s Most Trusted® Residence Builder), we consider there are numerous compelling causes to purchase a brand new residence in comparison with an outdated one.
At this time, we’ll go over 5 key elements on the subject of shopping for a house: price & upkeep, measurement, location, well being, and character. Let’s get into it!
Price & Upkeep
We perceive that price is by far probably the most vital elements to think about when shopping for a brand new home. To your peace of thoughts and monetary well being, making certain you’ll be able to comfortably pay your mortgage is important for each residence shopper.
Professional of Shopping for a New Residence: Price & Upkeep
A typical false impression is that purchasing a brand new house is astronomically costlier than shopping for an older residence. Nonetheless, the numbers are pretty close. Actually, new properties have an array of price advantages in comparison with outdated, together with fewer repairs, much less upkeep, higher insulation, and improved vitality effectivity.
Plus, our workforce of specialists at Taylor Morrison Home Funding is continually working to implement incentives, buydowns, charge locks, and extra that will help you get into a spot you’re keen on.
Con of Shopping for a Resale Residence: Price & Upkeep
The price of a brand new residence in comparison with a resale one shouldn’t be considerably costlier, as seen within the graph by the National Association of Home Builders beneath.
When you might be able to discover a resale residence at a lower cost level than a brand new construct, sustaining the older one will almost certainly be costlier in the long term. While you purchase new, you get the best-of-the-best options, from counter tops and flooring to insulation and vitality environment friendly measures, plus a guaranty to maintain you lined.
Deciding what measurement residence you need relies upon largely on private choice. In case you’re a first-time homebuyer, it’s possible you’ll go for much less sq. footage; when you’re a big household, it’s possible you’ll want a spacious flooring plan with additional house; and when you’re someplace within the center, it’s possible you’ll select one thing in-between. The selection is as much as you (and your finances)!
Professional of Shopping for a New Residence: Dimension
New properties at Taylor Morrison have optimized flooring plans to maximise house, which is a significant profit of shopping for a model new residence. Moreover, some resale properties have uneven or closed-off layouts whereas most new properties are all about open-concept and spacious residing.
Plus, say hi there to pure mild! New properties are constructed to maximise pure daylight with well-placed home windows and considerate orientations.
Con of Shopping for a Resale Residence: Dimension
When shopping for a brand new home versus outdated, resale properties usually have smaller areas than new properties, together with closets, cupboards, garages, rooms, door peak, and extra. Folks was once shorter, smaller, and owned fewer private objects than we’ve got at this time. In case you’re in a pre-World War II home, smaller areas is also resulting from restricted provides and out there supplies on the time of building.
In terms of properties constructed within the early to mid 2000s, investing in a new-build residence continues to be the best choice (in our opinion). Properties constructed roughly eight to twenty years in the past could have uneven flooring plans, lower-quality wood framing, much less insulation, framing cracks, and extra issues that may result in pricey repairs and maintenance.
Everybody’s heard the well-known phrases touting location because the be-all-end-all in actual property. Whereas we don’t consider that homebuying is all about location, we acknowledge its significance and construct properties in locations we all know our homebuyers will love for years to return.
Professional of Shopping for a New Residence: Location
New homes are sometimes inbuilt up-and-coming places, good for residing and rising. You’ll take pleasure in some great benefits of shopping for a brand new home, like avoiding the site visitors and chaos of bigger cities whereas being shut sufficient to take pleasure in your space’s pure magnificence and conveniences.
Wherever you wish to transfer, we’ve got choices for you. Take a look at our new homes in Arizona, California, Colorado, Florida, Georgia, Nevada, North Carolina, South Carolina, Oregon, Texas, and Washington!
Con of Shopping for a Resale Residence: Location
Many older neighborhoods are inbuilt central places, and whereas this may be handy, you’ll additionally need to cope with heavy site visitors and overcrowded shops and eating places.
House is the place the center is. But it surely’s additionally the place the remainder of you lives, too. That’s why at Taylor Morrison we’re dedicated to constructing properties that handle all of you, with loads of advantages to maintain you and your private home as wholesome as doable.
Professional of Shopping for a New Residence: Well being
In line with The International Energy Agency, new properties “reduce symptoms of respiratory illness, scale back stress and infectious illness, and scale back danger of most cancers, arthritis, despair, and signs of heart problems.”
New properties are sounding higher and higher when you ask us!
Con of Shopping for an Outdated Residence: Well being
It’s no secret that older properties can have unfavorable well being impacts. In line with The Oregonian, “Older properties are infamous for harboring quite a few hazards like lead, asbestos, radon, [mold], and Unstable Natural Compounds (VOC).”
Whereas technical parts of homebuying can’t be ignored, the significance of discovering a spot that fits your character and aesthetic is paramount in loving the place you reside. New properties have an array of exterior and inside choices to cater to each style.
Professional of Shopping for a New Residence: Character
While you purchase a brand new place, the world is your oyster on the subject of design decisions. Plus, at Taylor Morrison, you’ll get to work with our workforce of inside design specialists on the Design Studio to pick out all the things in your new residence, from cupboards to flooring to tile and extra.
Stressing about design choices? Don’t fear—our inside designers have hand-selected design parts that movement fantastically collectively in a number of collections known as Canvas.
Con of Shopping for an Outdated Residence: Character
Sure—older properties can have a novel and alluring allure. Nonetheless, this usually comes with expensive repairs, uneven flooring plans, smaller areas, and outdated design parts that may be costly to treatment.
Discover Your New Residence with Taylor Morrison
Thanks for studying! As a homebuilder, we actually consider the neatest transfer you may make is into a brand new residence. In case you’re available in the market, save huge on a brand new residence with our limited-time offers. You’ll discover your new spot on the block very quickly!
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