Choosing between a new construction home and a resale property? A real estate expert shares the key factors buyers should weigh before making a decision.
Does location still matter most? Should you remodel your home to suit your tastes or for resale value? Are starter homes still a thing? We all have plenty of questions about the ever-changing world of real estate. In our Ask an Agent series, we’re partnering with experts at Better Homes and Gardens Real Estate to answer your biggest questions about finding, buying, and selling a home.
If you’re deciding between a newly built home and an existing one, the choice involves more than just aesthetics. Factors like maintenance, location, interest rates, and landscaping maturity can all influence which option makes the most sense for you and your family. Ahead, a seasoned real estate agent shares the biggest pros and cons of each to help you make an informed decision.
Related: How Long Does It Really Take to Sell a Home in Today’s Market? Here’s What to Expect
For this installment of Ask an Agent, we spoke with Jeff Martel, the owner and designated broker of Better Homes and Gardens Real Estate 43° North in Boise, to learn the pros and cons of purchasing a new construction versus an existing home.
Meet Our Expert
Jeff Martel is the owner and designated broker of Better Homes and Gardens Real Estate 43° North in Boise, which specializes in new-construction sales and marketing, resale, and relocation throughout the Treasure Valley and beyond.
Do New Construction or Existing Homes Make the Most Sense Today?
There’s been discussion recently that new construction has become less expensive than resale. While that may be true in certain areas at certain times, it’s very location- and budget-specific. Overall, there are obvious trade-offs buyers need to consider when comparing resale and new construction…