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Building vs Buying Your Next Home

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Building vs Buying Your Next Home


New construction is proving to be very competitive with the resale home market.  There was a point in time when the purchase of a new home was more expensive than purchasing a resale. That has all changed.  Buyers don’t seem to mind driving a little further to get a brand new home for the same price as a 15-year-old home. Currently, in our SWFL area, “days on market” for resale homes has increased. If you are selling a home make sure you price it right or it may take longer to sell and adjustments to the price may be necessary.  There are many things that determine whether to purchase a new construction home or a resale home and I believe one of the biggest factors can be location. The final decision will depend on what you decide is best for you and your family.  Consult with a seasoned REALTOR® like Jack Mancini to explore all options.


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Pros to Buying a Resale Home

 

Older construction
Older homes have stood for decades and weathered many storms. This traditional craftsmanship is harder to find in newer homes, as you have construction material changes and shorter labor deadlines.



More land
Years ago, when land was cheaper, builders built on larger lot sizes providing room for additions or just larger yards.



Special architecture
When you purchase an older home that has been remodeled, it has been updated with custom (one of a kind) finishes. When you purchase new construction you typically have just a few options to choose from for flooring, cabinets and countertops, causing many homes within the same community to have the same finishes.  When you purchase a resale home that has not been remodeled or updated you have the benefit of choosing unique finishes to your taste.



Longer-term neighbors
In an older community many homeowners know each other from years of community involvement and activities, creating a bond of closeness among neighbors and friends and overall stronger sense of community as a whole.This might be one thing you want to consider.



Established neighborhood
Zoning changes are less likely to occur in older areas. Mature landscaping and not having to deal with years of construction and noise are also benefits to purchasing a resale.



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Pros to Buying a New Home

 

Less maintenance
New construction has many pluses, new-home owners are not likely to need a new roof, Air Conditioner or replace the water heater any time soon!



Modern updates
Many items are standard such as granite counters, stainless appliances and nice cabinets and flooring options.



Warranty offered by builder
In Florida, builders are required to give buyers a construction warranty. The first line of defense is to buy from a reputable builder who will agree to stand behind the structure and its components.



Energy efficiency
New appliances use less energy. Walls, ceilings, and floors are insulated. Dual pane windows retain more heat in winter and keep the home cooler in summer.



Built to code
Code regulations change all the time. Consumer safety issues are continually addressed in new construction and conform to building codes.



Emotional factor of newness
Let’s face it, there’s nothing like owning something that’s brand new and has never been used, whether that’s a car or a home.



Choosing the right home for you

When determining what type of home to purchase it is important to focus first on your needs and affordability. It is important to choose the right REALTOR® to help you throughout your buying process. The Jack Mancini Team has helped hundreds of people find their perfect home. We are local experts in both the resale and new construction home markets. Let us take the stress out of finding your next home.  Call Jack today! 239-218-2685




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