When it comes to buying a new house or getting a pre-owned home, the decision can be overwhelming at times. To weigh the advantages and disadvantages of buying a house or a pre-owned home, it is best to first research or move based on your personal experience. Some homeowners got their dream home on their first purchase, while others have to purchase several houses before getting their dream home. Many factors and considerations have to be considered before making your final decision. Below are the cons and pros of buying a new house versus pre-owned houses.
Home Appliances in New Homes versus Pre-owned Houses
Getting your new home means having your furniture and new home appliances. This is usually a bonus to many homeowners since the manufacturers normally grant new appliance warranties close to 2 years. Some appliances, such as structural items, have extended periods up to ten years.
The problem with warranties in new home appliances is that most of them do not cover wear and tear or even the improper use of home components. This may result in conflict between the buyers and the manufacturers of the appliances upon premature wear and tear.
One pro of getting ready home components from pre-owned homes is that you can negotiate the appliances warranty with the house seller. Usually, the seller may extend the home components on some items or even all the house components. After negotiating the home appliances, you can settle down and enjoy the home components after purchasing the pre-owned house.
One disadvantage that most homeowners fear when it comes to used home appliances is the fear of bad condition of the appliances, pests, or some appliances maybe rotten. Most may be covered in molds, don’t function properly, or some are even not functioning. Ensure you check all the devices if you consider buying a pre-owned house.
Construction and Personalization of the New House Versus Pre-owned Houses
Building your new house means you can personalize and design however you want your home. You can choose your finishes, features and fixtures, floor, paints and colors, lighting fixtures that meet today`s lifestyle. Your house design will be based on your desires, need, and preference.
One con of constructing a new house is that you may find some fitting and features a bit expensive or some not available in the market. This means that you will may need VA home loan requirements in order to get the funds for the desired fitting of your choice. You will need more time searching, and hence you may take a more extended period before settling in your house.
The pro of pre-owned constructed house is that getting the house features and fittings is not required since the home is ready to be settled. Unlike building a new home where you must come into an agreement with your builders concerning the construction time, with pre-owned houses, you may be able to move in quickly as long as you and the seller have agreed on the settlement period.
The disadvantage of pre-owned houses is that you may not like the design of the house, or the fittings may be out of date. In some houses, you may be required to add additional cost due to repairs depending on the condition and age of the house. The cost of maintaining the home may be higher compared to a new place, including higher utility bills.
Location of the New and Pre-owned House
The good thing about constructing your house is that you pick the location of your choice. The cons about building your home are that you may buy land far away from the city, making it difficult to run errands daily.
You will likely move into an established neighborhood full of trees and mature plants with a pre-owned house. Unlike constructing a new house, you may also get your preferred location in a pre-owned place. The con of a pre-owned home is that you may be in a dangerous neighborhood with no security.
Conclusion
Before deciding whether to buy a house or construct a home, take your time and weigh all the pros, cons, and risks and make an informed decision that will fit your budget and make you feel comfortable.
