(800) 605-5580
New versus Resale Homes
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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. |
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NEW HOME
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RESALE HOME
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Choice of Builder and Construction Materials |
Builder and Construction Materials may be Unknown |
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10 Year Structural Warranty |
Warranty Usually Expired |
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Builder Warranty |
Defects Often go Undetected |
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Streamlined Mortgage Financing |
Shop Around for Mortgage |
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High Insulation Standards |
Dated Insulation and Higher Utility Costs |
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On-Site Service Department |
A Handyman Special? |
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Choice of Lot, Location, Financing, Floor Plan, and Exterior Design |
Home is sold “as-is” |
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Fully Equipped Modern Kitchen |
Outdated Appliances |
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Choice of Interior Options and Color Selections |
No Choice of Interior Options and Color Selections |
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Latest Architectural Designs |
Dated Floor Plans |
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New Home Owners Decorate According to Taste |
Must Accept Decor “as-is” |
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Invest in Home with Accelerated Appreciation Potential |
Pay Market Price for “already-appreciated” Property |
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More Likelihood for Recreational Amenities |
Less Likelihood for Recreational Amenities |
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Less Cash Necessary to Purchase in Most Cases |
Prices can be Inflated |
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Builder May be Willing to Accept Contingent Contracts |
Seller Unlikely to wait for you to Sell your Existing Home |
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Buyer’s Protective Covenants |
Protective Covenants may not be Available |
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