{"id":3136,"date":"2020-08-26T05:00:24","date_gmt":"2020-08-26T10:00:24","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/should-you-buy-an-existing-home-or-new-construction\/"},"modified":"2020-08-26T05:00:24","modified_gmt":"2020-08-26T10:00:24","slug":"should-you-buy-an-existing-home-or-new-construction","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/should-you-buy-an-existing-home-or-new-construction\/","title":{"rendered":"Should You Buy an Existing Home or New Construction?"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/08\/25103214\/20200826-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Should You Buy an Existing Home or New Construction? | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/07\/20\/thinking-of-selling-your-house-now-may-be-the-right-time\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">sale<\/a> and construction of newly built homes <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/08\/25\/builders-realtors-agree-real-estate-is-back\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ramping up<\/a>, you may be wondering if you should consider <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/06\/30\/are-new-homes-going-to-be-available-to-buy-this-year\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">new<\/a> construction in your search process. It\u2019s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. Here are a few things to consider when making the best decision for your family.<span id=\"more-42910\"><\/span><\/p>\n<h4><strong>New Construction \u00a0<\/strong><\/h4>\n<p>When buying a new home, you can often choose more energy-efficient options. New appliances, new windows, a new roof, etc. These can all help lower your energy costs, which can add up to significant savings over time. With programs like <a href=\"https:\/\/www.energy.gov\/eere\/buildings\/energy-star\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ENERGY STAR<\/a>, your home also helps protect the environment and reduces your carbon footprint.<\/p>\n<p>Lower maintenance that comes with a newer home is another great benefit. When you have a new home, you likely won\u2019t have as many little repairs to tackle, like leaky faucets, shutters to paint, and other odd jobs around the house. With new construction, you\u2019ll also have warranty options that may cover portions of your investment for the first few years.<\/p>\n<p>Another solid benefit to new construction is customization. Do you want a mudroom, stainless steel appliances, granite countertops, hardwood floors, an office, or a multipurpose room to <a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/08\/24\/the-top-reasons-people-are-moving-this-year\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">homeschool<\/a> your children? These items can be customized to your specific needs during the design phase. With an existing home, you\u2019re buying something that\u2019s already completed, so if you want to make changes, you may need to hire a contractor to help get your home ready for your family.<\/p>\n<h4><strong>Existing Home<\/strong><\/h4>\n<p>When buying an existing home, you can negotiate with the current homeowner on price, which is something you generally don\u2019t get to do with a builder. Builders know their material and construction costs, and they have a price set for the model you\u2019re buying. So, if you want to negotiate, then maybe an existing home will be best.<\/p>\n<p>For many families, having an established neighborhood is also important. Some buyers like to know the neighbors, if it\u2019s family-friendly, and traffic patterns before making a commitment. When you buy new construction, you won\u2019t have a full view of some of those details until the lots around you are sold.<\/p>\n<p>Finally, timing comes into play. With an existing home, you can move in based on the timeline you agree to with the sellers. With new construction, you need to wait for the house to be built. Depending on the time of the year you\u2019re buying and the region you\u2019re in, the weather can also be a factor in the timeframe. This is something really important to keep in mind, especially if you need to move sooner rather than later. Over the past few months with COVID-19 and social distancing regulations, some areas for new construction have been delayed.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Whether you want to buy a newly built home or one that\u2019s already established, both are great options. They each have their pros and cons, and every family will have different circumstances driving their decision. If you have questions and want to know more about the options in our area, let\u2019s connect today so you can feel confident making a decision about your next home.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It\u2019s a great question to ask, and one to look at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3137,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Should You Buy an Existing Home or New Construction?&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/should-you-buy-an-existing-home-or-new-construction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should You Buy an Existing Home or New Construction?&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Finding the right home to purchase today is one of the biggest challenges for potential buyers. 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