If you’re looking to buy a home, you have no doubt wondered whether you should get an existing home or simply build your own. While there are benefits to building from scratch, there are also many advantages to pursuing a resale home. Below are just some of the reasons:
Cost
While a home—whether bought or constructed—is a major investment, in many instances buying a resale property is often cheaper. After all, a new home is like custom-made apparel: The more personalized the design, the longer it takes to make and the more it will cost you. With a pre-owned home, on the other hand, what you see is what you get, and you are less likely to get sticker shock.
Home Improvement Opportunities
A lot of people are concerned that buying a pre-owned home means settling for something that’s “good enough.” While it’s true that a resale home probably won’t fill in all the checkboxes on your wish list, don’t discount the possibilities of home improvement projects down the line to eventually attain the desired look.
Timeliness
Looking to finally move into your own home soon? Then a newly built house might not be for you. Even with the most experienced contractors, construction of a brand new home will take you a few months—and possibly longer, especially if working from a highly detailed blueprint with a lot of customizations.
A pre-owned home, meanwhile, is already constructed, allowing you to move in far more quickly. Yes, you will still need to get approved for a loan, go house shopping, and close the deal, but this option is still faster than what new construction entails.
Established Neighborhood
Pre-owned homes tend to be located in well-established and defined communities, giving you easy access to many daily necessities, such as schools, business districts, malls, transportation depots or trains, and places of worship. The character of these neighborhoods are not in flux. You know who is living around you.
Conversely, new homes and neighborhoods must evolve before being situated near such amenities. You can therefore count on being distanced from conveniences and uncertain about who will be living near you and how close other houses may be to yours. If you were to find a lot near such conveniences or the downtown sector, it is likely to be smaller than you desire.
The type of home you buy is a deeply personal choice, so, be sure to weigh all the aforementioned factors before reaching a decision. If homes for sale in Somerville, MA prove to be your best option, an exclusive buyer’s agent like Buyer’s Choice Realty can help you find the ideal property. Call us today at 978-468-2138 for a no-obligation free consultation. Let us show you why it pays to have an exclusive buyer’s agent on your side.
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