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New Home vs PreOwned

I'm getting this question often from my clients, Do I buy new or preowned?  For some people it's an easy answer but others are struggling with this dilemma.  Here are thoughts to consider if you are trying to make this decision:

1.  New builders try to lure in buyers with lots of incentives, usually money to apply to the purchase price or to be used on upgrades.  While this is very enticing, don't let your emotions make the decision.  Frisco has 8 new subdivisions starting and sellers of existing homes know they are competing with these incentives and are negotiating more with buyers and many even paying all the closing costs.  Remember location should be one of your priorities.  If the new home adds to your drive time but the preowned won't, you might see more of a drain on your wallet paying for that extra gas!

2.  I know the new home feeling can be fabulous but it may not last long when you begin to realize you have to decorate the home and possibly even start from scratch.  Remember, preowned homes already have window treatments, some with nice drapery, designer paint colors, custom faux finishes and updated and neutralized to sell.

3.  More for your money!  The price per square foot for preowned homes is much less than new construction.  That means your taxes will be less.

4.  Hard hat area in your new subdivision?  Be prepared for the constant noise and debris from the construction crews, cement trucks, delivery trucks, constant hammering and lots of noise pollution.  It might try your patience, especially if you want to sleep in on Saturdays!

27 Comments to New Home vs PreOwned:

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Abbey on Wednesday, October 10, 2012 1:28 PM
These are great things to think about. Thank you for sharing this information.
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Sherry Renfroe on Friday, December 28, 2012 10:47 AM
Thanks Abbey. There are many other factors to weigh between Preowned and New Construction and a good real estate agent can address these with you. Feel free to email me with any questions


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I really want this kind of info. I was seeking this kind of knowledge for a period. Thank you & best wishes.


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Abraham Heriberto on Tuesday, October 23, 2012 2:36 AM
Well discussion!! I'm delighted to know your thought about the "New Home vs. Pre Owned" from this post. I think well construction can be a better solution for your home decoration. Thanks for letting me know about your points about the new home & pre owned at all.
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custom cabinets Sarasota on Tuesday, October 22, 2013 6:00 AM
Thanks for sharing the information. Yes obviously things are different for new and a pre- owned house. Nice article.


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