Buy an Existing Home or Build New

This is a question that Buyers should consider before they start the home search.

Hello, it’s a beautiful day to talk about real estate.

One thing I wanted to go over today was whether
you should buy an existing home or build a new
home on your own. So here are a few quick
tips on each one.

If you buy an existing home, a few of the things that
are an advantage to that is that your rate will be a little
bit lower. A mortgage for an existing home is a little bit
lower than a new construction or construction loan.

It’s quicker. Obviously, the house is already there and
existing, you don’t have to wait for it, and there’s a little
more variety to pick from. You can look at a lot of different
types of homes compared to what you could build.

The advantages of building something new, obviously it’s
new. so that’s a great thing. You can customize some of the
things yourself so you can make some decisions.

Usually they have more storage space when they’re newer
and they’ll be less maintenance because it’ll be brand new.
It’s also usually more energy efficient than an existing home
because everything will be new and up to date.

So those are some of the advantages and disadvantages of
buying versus building. I’m going to include some
information here somewhere so you can click on it and find a
little more detail.

If you have questions feel free to reach out to us. We’d love to get
together and go over it with you, talk about it and maybe show you
some land that’s available and show you some houses that are
available and figure out which one is more for you.

So make it a beautiful day, and if you have questions, contact us.
Take care,

Karen McLinden

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