Are you worried about Home Maintenance Costs? If one of the main reasons you’re hesitant to buy a home is because you’re worried about the upkeep, here’s some information you may find interesting on both new home construction and existing homes.
Newly Built Homes Need Less Upfront Maintenance
If you can afford it, you may find a newly built home could help ease your worries about maintenance costs. Think about it, if everything in the house is brand new, it won’t have the wear and tear you may see in an existing home. And, that means it’s less likely to need repairs.
Plus, many builders also have warranties on their homes that would cover some of the more major expenses that could pop up.
Existing Homes Can Still Have Great Perks
Warranties are also available for existing homes too. I can help you negotiate with the seller to add one as a concession on your contract. But you should know that not all sellers will be willing to do that. If they won’t, you could purchase one yourself, if you would like to.
A buyer’s home warranty benefits both buyers and sellers. It helps the seller close the deal while providing the future homeowner with peace of mind that they will be covered if a system or appliance breaks down.
So, Should I Buy New or Existing?
While the need for less upfront maintenance is a great perk for new construction, there are some things a newly built home can’t provide that an existing home can.
For example, existing homes have a lot of character and charm that’s difficult to reproduce. And, existing homes usually have more developed landscaping and a well established sense of community. So, it can feel more inviting than something that’s a blank slate, like new construction often is. Not to mention, if you go with new construction, you may have to wait for the home to finish being built. It all depends on what’s im
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