Considering Trends in New vs Used Houses

Charleston Real EstateFreshly constructed homes have good quality control standards, newer construction techniques, and better energy efficiency than many older homes. They often have the original warranty and plenty of other good financing options. The only real downside is it is very difficult to sell them for a few years, especially if the builder is still in that subdivision, and the final price is often higher than an older home (though they usually require very little up-front money, and many builders will give thousands of dollars of upgrades.

The whole neighborhood isn’t complete and will not be established, there will be little in the way of shade trees like in an older neighborhood, and it will have more of a frontier feel. If you like “new” and “shiny” like a new car, then the clean smell of a new home will be your thing.

Older homes are owned by homeowners who want to sell their homes. They have been seasoned, and may be better constructed than newer homes. Many people like the fact that they have the charm and history of having been lived in – in fact, many buyers think that a new home is “cold” if it hasn’t been lived in.

Their age gives them respectability, and they are in established neighborhoods with tall trees and established neighbors and schools. They may be customized with interesting little bits of architecture. These are for people who like established and different. They are much easier to sell soon after you buy one. Many also carry a 1-year warranty. They may not appeal to people who like being the first in a home or who want one built especially for them.

One thing that you should also consider with an older home is all the upgrades that are already paid for. This includes a fence around the property, a swimming pool, kitchen upgrade, bathroom upgrades, a new roof, additions, or upgraded windows. The seller may also be in a position where they are going to be downgrading, and they may entertain an offer for all the belongings in the house. This could save you thousands of dollars in having to buy the things yourself.

Which do you like better – New or Existing? People who like one may not like the other, though there are many exceptions who like both. If it comes down to money, the amount of house may be the same, but a used house comes with so many added extras too. For more info like this visit to find Real Estate Charleston SC.