Imagine paying 3.5% down payment, using a mortgage to purchase a home but getting a 100% of the property to enjoy and all the benefits that comes with it. That is called leveraging your money and
Comparing New Construction Vs Resale
Dated: October 18 2018
New construction home developments have sprung up across the country. They showbeautiful new designs in both living spaces and exterior details. But there are also goodreasons to consider a resale home as well. We’ll explore the benefits of each so you candetermine which suits your needs and goals better.
Brand New Construction Home
The first advantage for new construction is that everything is new, fresh, modern and includesthe latest design trends. Appliances and windows will be energy efficient and include all thenewest features. Home buyers will also find no need to budget for repairs since everything isnew and should include a warranty.
A resale home can offer great value to the home buyers. The home will already havelandscaping and upgrades installed, saving out-of-pocket costs. Resale homes also tend tohave larger lots in established neighborhoods. Property taxes May also be lower because theinfrastructure is already paid for.
Both new construction and resales homes have benefits. If you are in the market for a newhome, consider the options in your area and compare real costs and benefits. Knowing thedifference can save you money and help you find the right home for your needs and lifestyle.
I purchased my first home as a single mother in my early 20's, so I know the fears, the anxiety and the financial responsibility that comes with such a large purchase. But I also know the pride, joy a....