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We're already starting to see signs of springtime here in Albuquerque, and we're not just talking about the weather. Many homeowners are getting ready to buy a home, and have asked us whether they should buy a new or existing home. Today, we want to share the pros of each, so you're prepared by the time the spring real estate season hits!
Why buy a new home?
- Everything is updated: When you buy a new home, it will have the latest and greatest styles and construction methods. Most of the homes now are energy efficient, so your heating and cooling bills will be lower.
- Builders warranty: Pretty much anything that could possibly go wrong in the first year will be covered by a warranty. If something happens, you simply need to call the builder and they'll come out and address the problem.
- Financing packages: When you build a new home there is often a financing package from the builder, where they'll help you with some of the closing costs and other fees.
Why buy an existing home?
- Neighborhood has matured: In an established neighborhood, trees are larger and the chances that you'll have more extravagant landscaping are high.
- More character: Older homes often have unique touches to them that are hard to find in contemporary homes.
- Location: You can find older homes throughout the city. From Westside to Rio Rancho, the University to Sandia Heights and more, you'll find preexisting homes everywhere in the Greater Albuquerque area. New homes are in specific areas, so you don't have as much say when it comes to location.
So, what's the best decision for you? If you need help deciding or would like to talk it through, come by our office for a buyer consultation. We'll sit down and talk about your comfort level. When you buy an existing house, there are three types to consider: move-in ready, good condition, and the fixer upper. As you can see, once you've made your decision, there is still a whole lot more to figure out before beginning the search.
Give us a call or shoot us a quick email if you have any questions. We would love to give you a hand!
