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New versus Resale Homes

Builders’ Realty Council receives numerous phone calls from homebuyers undecided between making an investment in a new home or a resale property. Below is a comparison between new and used home investments. Since BRC works with new homebuyers and home builders, we exclusively promote new home sales. The following comparative is a fair assessment of the likely advantages of owning a new home versus buying a resale.


NEW HOME
versus
RESALE HOME

Choice of Builder amd Construction Materials

 

Builder and Construction Materials may be Unknown

 


10 Year Structural Warranty

 

Warranty Usually Expired

 


Builder Warranty

 

Defects Often go Undetected

 


Streamlined Mortgage Financing

 

Shop Around for Mortgage

 


High Insulation Standards

 

Dated Insulation and Higher Utility Costs

 


On-Site Service Department

 

A Handyman Special?

 


Choice of Lot, Location, Financing, Floor Plan, and Exterior Design

 

Home is sold "as-is"

 


Fully Equipped Modern Kitchen

 

Outdated Appliances

 


Choice of Interior Options and Color Selections

 

No Choice of Interior Options and Color Selections

 


Latest Architectural Designs

 

Dated Floor Plans

 


New Home Owners Decorate According to Taste

 

Must Accept Decor "as-is"

 


Invest in Home with Accelerated Appreciation Potential

 

Pay Market Price for "already-appreciated" Property

 


More Likelihood for Recreational Amenities

 

Less Likelihood for Recreational Amenities

 


Less Cash Necessary to Purchase in Most Cases

 

Prices can be Inflated

 


Builder May be Willing to Accept Contingent Contracts

 

Seller Unlikely to wait for you to Sell your Existing Home

 


Buyer's Protective Covenants

 

Protective Covenants may not be Available