There are many different options to consider in choosing what type of house you would prefer to live in. Would you like to have an older house or a newly constructed one? In most cases, when people are asked about the type of house they had in mind, it usually looks a bit similar to what or where they grew up in. That’s why they end up preferring a home that’s built decades ago.
Meanwhile, there are also some who prefer newly constructed houses, since they are easier to maintain. They also tend to look refreshing since its design is practically new and already well-innovated. Ultimately, though, what is important in buying a house is your capability to pay all the bills and maximize the use of all the house spaces available.
BUYING A NEWLY CONSTRUCTED HOME
In buying a newly built house, you should be specific about the things you want the property to contain, like house details or structural components. Most of these new homes are designed in a standard fashion and each house is erected according the latest building codes and standards. You may find some of them at far-flung areas such as undeveloped fields or rural areas. The home’s location should be a big part of your decision.
- Contemporary style
- Home design flexibility
- Cheaper maintenance
- Cheaper operation
- Extended warranties
- Consistent house style within neighborhood
- Existence of homeowners association
- Guaranteed new items inside
- Limitations on price negotiations
- Payment of homeowners association dues
- Absence of style uniqueness
- Limitations due to homeowners association
- Uniform / standard design
Not knowing much about a certain house is a definite disadvantage, and this holds true for newly constructed homes. However, because nobody has lived in the house, the buyer doesn’t have to worry about repairs or immediate maintenance.
You can now easily decide which house you really wanted to have, with the help of these following steps:
- Do a background check about the home builder. How many structures have they built in the past? Did they complete their projects on time? Did they work around the budget while making sure that the building was of the highest quality?
- If some nearby houses are already finished and some residents are living in it, you can try asking around to get feedback on their living experiences in their houses.
- Don’t confuse you dream house with model houses given by a housing firm, because they are spruced up for display purposes and many of these details – granite countertops, walk-in closets, and such – may not be found in the house that you are planning to buy.
- Hire a real estate agent. Don’t just rely on agents already working on the site, because they may be focusing more on making the builder happy but not the buyers.
It’s also a good idea to situate yourself living in that house. Does it feel cozy? Wouldn’t you have any complaints living in the home? If you have kids, would it be a safe home for them? Many prospective buyers get attracted to trendy house designs, but sometimes they don’t think about what will happen to them when they start living in that place.
BUYING AN EXISTING OR RESALE HOME
Even though there are a lot of newly constructed houses, many people still prefer to live in old homes. Some people consider the age of the house a very valuable feature because it lends history to the home. The idea that a property was once a home for someone else may give you hope that your stay will be as meaningful as the old owner.
- Increased availability and number of options
- Negotiable price
- Issues about the house are all revealed in its disclosure documents
- Neighborhood is already established
- Possesses character
- High maintenance cost
- Low energy efficiency
- Design and built-in appliances are already old
- Someone else used to live there
Despite the seemingly scary drawbacks, old homes may become great investments if you do the following:
- Have the house checked repeatedly to make sure that there are no damages.
- Make a counter-offer in cases where damages cause the property to fall short of the standard.
- It is typical for an old house to breakdown, so be prepared for surprises such as pipe leaks, electrical problems, and malfunctioning heating or cooling systems. You won’t know the extent of the damage – and the amount that you need to shell out – until the problems arise. All of these form part of the charm of having an old house.
Buying resale homes come with pros and cons. If you find that the issues outweigh the benefits and you still want to purchase the home, just make sure that you are willing to face the problems. If you really like the house, you will probably find yourself willing to make compromises. The little touches you add will make your house worth living.
Ready to buy? Do you have more questions?
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