When it comes to real estate in the Triangle, there is a lot to choose from, but how do you choose? Do you want a home you helped design? Do you want a home that was previously owned and has a lot of history? Do you want a home that is move-in-ready? Whether you are looking to purchase an existing home, a new construction home, or have a home custom-built, I would love to help you each step of the way. Keep reading for a look into my buyer guide that will give you insight into each of these different types of real estate transactions. As always, contact me today at 919-961-3277 or email me at Annie@HudsonResidential.com.
Pros and Cons of Purchasing an Existing Home
There are lots of pros to purchasing an existing home, with one of the biggest ones being the price. Purchasing a new construction home or designing a home usually costs more. You are also able to negotiate more with an existing home. With new homes, it is a “what you see is what you get” situation and the price is usually much less flexible.
Location, location, location. New construction typically takes place in areas where land is plentiful which means it can be harder to find new construction in the heart of a city. Existing homes are everywhere, while new construction homes are not. In Downtown Raleigh, new construction tends to be condos or small lots with little outdoor space. If you find a large lot, it will probably come with a large price tag. The existing home you find may not be your dream home, but there is a large selection to choose from and you can make it your own.
Existing homes generally have mature trees that offer shade and block out traffic noises.
With an existing home, you are more likely to get a unique floorplan than you would with a new construction home. Builders, especially in planned communities, tend to choose exterior designs and finishes that appeal to the broadest range of customers.
Pros and Cons of Purchasing a New Construction Home or a Custom-Built Home
If you want something that is brand new, customized, low-maintenance, and move-in ready, new construction may be best for you. With new construction, everything is clean and pristine. If you are opting for a custom-built home, you will be able to design and choose exactly what you want. While all of this sounds wonderful, as we said above, these options come with a price. As you start upgrading features, this price is going to go up. This is something to keep in mind when you start your home search. Think about your budget and what will be best for you.
With a custom-built home, you have to think about the timeline. Building a home takes time. If you are looking to move into your new home as soon as possible, an existing home or a new construction home that is already complete, maybe the better option.
With a new home, you will have new appliances which should lead to lower energy bills. The windows are more energy-efficient, the lighting and plumbing fixtures are better equipped. You will also not have to replace things as quickly such as the roof or HVAC system.
When it comes to reselling your home, even though your home would no longer be new, a five-year-old home is often more desirable than a 12-year-old home at resale time.
Ready to Start Your Home Search?
Whether you are looking for an existing home with lots of history, land to build a luxury custom home, or a ready-to-go new construction home, I am here for you. Contact me today at 919-961-3277 or email me at Annie@HudsonResidential.com.