We all beloved “shiny as well as new” — as well as newly-built single-family homes are downright irresistible. And when the existing domicile inventory is limited, as well as consumers receive got confidence inwards the market, a pregnant number of homeowners volition regard a newly-built residence.
However, it’s non a slam-dunk decision. There are benefits as well as disadvantages to purchasing a novel build. These are roughly of the factors to consider.
New build pros
A novel build tin contain your want list. Image: Andy Dean Photography/Shutterstock
A novel build isn’t someone’s leftover home
The solely affair amend than novel car aroma is novel trace of piece of job solid smell. The commencement domicile I ever purchased was a novel build and, every bit a germaphobe, I loved the sentiment that no i else had ever hung clothe inwards my closets, cooked inwards my kitchen, parked inwards my garage or sat inwards my garden tub. Admittedly, I receive got no sentiment what the contractors as well as workers did earlier I moved in. As a truthful germophobe, I nonetheless scrubbed every unmarried surface. But I didn’t receive got to scrub every bit difficult since in that location weren’t whatever previous owners.
A novel build won’t receive got onetime pipes as well as wiring. Image: Artazum/Shutterstock
A novel build is upwardly to code as well as up-to-date
“People similar to say that nosotros ‘don’t build them similar nosotros used to.’ This is a skillful thing,” Nathan Outlaw, President of Onvico inwards Thomasville, GA, says. “Code as well as release energy requirements receive got come upwardly a long agency as well as buying a well-built novel domicile volition endure much less stressful than remodeling an older home.”
That’s because homebuyers tin avoid those unexpected expenses that occur when workers notice issues like asbestos or onetime plumbing that needs to endure replaced. Homeowners tin besides contain the latest trends inwards kitchen as well as bathroom technology to maximize the home’s potential.
You tin commonly selection your flooring as well as other materials. Image: Artazum/Shutterstock
(Sometimes) the heaven is the bound amongst a novel build
Michael Menn, a Chicago-based architect who builds novel homes as well as remodels existing homes, says in that location are pros as well as cons to purchasing a novel build. “When a homeowner purchases an existing home, in that location volition endure compromise on the flooring plan,” he says.
However, when his clients purchase a novel home, Menn says they tin customize as well as personalize every detail. He adds that they tin selection “everything from the flooring invention to the flooring, cabinetry, plumbing, etc.” So homeowners tin decide, for example, if they desire tile or hardwood floors inwards the kitchens as well as baths or they tin make the domicile every bit plush every bit a hotel.
There’s to a greater extent than contest for existing homes. Image: Carol Franks/Shutterstock
There’s less contest for a novel build
“According to the National Association of Realtors (NAR), the average fourth dimension an existing domicile is for sale on the marketplace position is thirty days — although this depends on the role of the country, fourth dimension of the twelvemonth as well as other factors,” Menn explains. Homes sell fast because there’s a lot of contest to notice an existing home. But when yous build a home, he says the contest is eliminated.
You tin drive up, leave of absence as well as start your novel life. Image: Artazum/Shutterstock
There are no renovation issues amongst a novel build
Many homeowners purchase a domicile as well as thence renovate it to check their needs. “But they receive got to alive inwards the mess of a renovation,” says Adam Helfman, Home Improvement Expert at Hire It Done. “Having no interruptions inwards your daily life is a huge practice goodness to buying a novel home.” Also, roughly people don’t know where to describe the trace when purchasing a fixer-upper and could goal upwardly amongst a coin pit.
New build cons
Older homes may endure built amongst amend materials. Image: Pics721/Shutterstock
Older may endure better
Although newer homes receive got novel components as well as materials, newer may non ever endure better. “New homes today are to a greater extent than oft than non not built every bit solid every bit onetime homes of yesteryear,” Helfman says. “Old homes had amend bones. For example, a 2×4 inwards the 50s as well as 60s was genuinely ii inches past times iv inches — whereas a 2×4 today is 1.75 inches past times 3.75 inches.”
Recycling extends to houses. Image: Carol Franks/Shutterstock
Renovating is amend for the environment
When yous build a novel home, you’re starting from scratch. “The environmental affect of edifice a novel domicile is much higher than inwards buying an onetime home,” Helfman says. “Renovation is essentially a shape of recycling.”
Also, homeowners receive got a vogue to focus on cosmetic features when buying a home and oft pick out a novel build because of trendy extras. However, nigh cosmetic features — similar architectural details — could endure added to an existing domicile during a renovation.
Older homes tin receive got lush, well-established lawns. Image: Sean Pavone/Shutterstock
Existing homes receive got to a greater extent than mature landscaping
Landscaping tin toll a pretty penny as well as receive got a patch to fully develop. “Older properties tin come upwardly amongst landscaping benefits similar mature trees to cast shade,” Helfman says.
Sidewalks as well as street lights are important. Image: Artazum/Shutterstock
Existing homes receive got established neighborhoods
If you’re edifice a domicile inwards a novel area, it’s nonetheless inwards the procedure of beingness established. “Older homes come upwardly amongst the practice goodness of established neighborhoods amongst established communities as well as desirable features similar street lights, sidewalks as well as neighborhood watches,” Helfman explains.
And in that location are other potential disadvantages to non beingness inwards an established neighborhood. “There’s a danger of purchasing within a non-fully formed community where amenity costs were miscalculated,” warns Michael Kelczewski, a realtor amongst Brandywine Fine Properties Sotheby’s International Realty. “Also, homeowners may purchase during an initial evolution stage solely for the developer to larn bankrupt.”
Pray for sunny days. Image: Karamysh/Shutterstock
The novel build timeline is dependent area to change
Unless you’re buying a novel domicile that has already been completed, yous could endure trapped inwards a waiting game. “You won’t endure able to motion inwards until the domicile is completed,” says Menn. And he warns that weather-related structure delays are ever a possibility as well as could extend the build timeline indefinitely.
