I am a first time home buyer, and I don't know which is a smarter choice, buying a brand new home or buying one that has been lived in before? I am not sure if these new communities are rushed and could have problems shortly after buying? Does anyone have any experience with this comparison?
2006-11-13 15:25:25 · 8 answers · asked by sattice 1 in Business & Finance ➔ Renting & Real Estate
Both have pros and cons. Personally, I think the pre owned homes are better.
With a pre owned home, it will already be "broken in". Just like a car, just because it's new, doesn't mean it's perfect. Let the first owner take it for the first 2 to 7 years. I lean towards the 7.
By then, the kinks should be out of it. Also, the neighborhood should already have it's personality by then, On a new home, all you know about the neighbors is that they qualified for a loan - and in today's market, maybe not even that. Many investors are getting past the builders attempts to keep them out, buying several houses (I don't think the builders try that hard to keep them out) and then renting them. So you may be moving into a rental neighborhood anyhow.
Pre owned has trees. Mature landscaping. Character. Window coverings...
2006-11-13 15:36:46 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
My experience has been you get more home for the money if you buy a home that's 3 to 8 years old. Often times the new construction problems have been worked out the landscaping is finished and if the home is properly maintained it's just like a new home without the new home price and hassles
2006-11-13 15:36:45 · answer #2 · answered by Larry D 2 · 0⤊ 0⤋
I have worked in construction, and a-lot of the homes are put together quickly, with cheap materials and some of the labors are underpaid which doesn't make for a good combination when purchasing a new home..I have had personal experience with old homes and unless they have recently been updated (electrical and plumbing) your looking at several thousands of dollars..I think anyone who is looking to buy new should have it custom built so you can be around and watch how and what they are doing to it on a daily basis. Believe me when I say they hate to see the home owner especially daily!!
2006-11-13 15:46:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It really does depend on where you are. I would NEVER buy a new house anywhere in Florida. The number of under-qualified and inept contractors here is staggering. Most aren't even licensed...thanks Jeb!
Regardless of what you decide, you should always get a competent home inspector to look over the entire place. Don't use the inspectors your realtors recommends because they get kickbacks. Find a friend or neighbor and ask them who THEY used and if THEY were happy with the service they received.
2006-11-15 04:05:43 · answer #4 · answered by hithere11757 2 · 0⤊ 0⤋
in my opinion i might want to flow with a daycare center for quite a few motives. a million. there are extra people to computer screen care, 2. extra heavily regulated, 3. predictable agenda, 4. age communities are mutually. purely down area is they many times value extra and they could have more effective than one providor and turn round may be severe so bonding with there care giver may not take position. With residing house daycare there's no human being else there all day to make sure what extremely is going on, if the daycare service is sick or has little ones that are sick you should have a backup sitter. maximum may have little ones of diverse a lengthy time period so practise may not be an option. The up area to in residing house toddler care is they'll purely have one service to bond with it really is valuable, additionally they many times value about 0.5 of what a facility expenditures. once you look at in residing house daycare they must be interviewing you as a lot as you're interviewing them. in view that there is purely one human being there to do care they extremely favor to make confident your toddler and your parenting kinds are a very good journey. they ought to truly have a settlement an similar as a center. both way you flow i can make confident they're qualified and licensed. The regulation of kid to human being ratio is nationwide and is an similar for a facility and in residing house toddler care.
2016-11-29 03:06:33 · answer #5 · answered by ? 4 · 0⤊ 0⤋
It depends on what part of the country you live in, if its on that house's are sprouting up everywhere and they are sold at asking price, I would look for something a few years old. At least it wont be slapped together. In the busy markets quality is sometime lacking.
2006-11-13 15:30:52 · answer #6 · answered by landersonjr1958 6 · 0⤊ 0⤋
Great question!
New communities have a lot of good things...but you generally need to put in landscaping and wait 20 years for the shade.
You need to do a grid and work out for yourself the key important features of each....and the negatives of both.
Then decide!
2006-11-13 15:28:37 · answer #7 · answered by Smilin' Fred 4 · 0⤊ 0⤋
believe it or not a new home can have some problems. one a few years old has been broken in a little. Good luck and congratulations
2006-11-13 15:30:08 · answer #8 · answered by -------- 7 · 0⤊ 0⤋