When purchasing a home, there are many factors to take into account, including the home’s price, size, and location. Another consideration you may encounter is whether to buy a newly built or existing home. Each option carries pros and cons, including the following:
New Construction
- Pro: The latest styles. With a brand-new home, you likely won’t have to worry about remodeling anything for many years, as the home should be equipped with the most up-to-date styles and fixtures. This will help you initially save money on renovations and maintenance.
- Con: Sparse landscaping. Many builders remove existing vegetation before breaking ground on a new home. Once the home is built, they plant young trees and shrubs that may take years to reach maturity. If you desire the shade and privacy of more established vegetation, you might be facing a significant investment in landscaping.
Existing Homes
- Pro: Move-in ready. While you can always renovate an existing home to suit your needs and style, you’ll also have the option of moving in directly without needing to work with a contractor.
- Con: Outdated styles. Whether the home has major systems in need of upgrading, older appliances that are not energy efficient, or styles that are simply outdated, there’s a higher chance that you’ll need to make changes in an existing home—which translates to greater maintenance and renovation costs.
source: nar.realtor.com
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
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