New Home Benefits
► Up-to-date floor plans, modern
architecture.
► Less maintenance and fewer
repair costs to worry about.
► Warranties from builder, major
systems and equipment from manufacturers.
► New home values typically rise
more rapidly than older ones in the first 5 years.
► Everything is clean and brand
new.
► New homes are built to current
building codes.
► Everyone is new in the community
and it is easier to establish friendships with your neighbors.
► You choose your design, colors
and finishes, and watch the process along the way.
Used Home Disadvantages
► Out-of-date floor plans that
don't functionally meet today's lifestyle.
► Repairs or replacement of
out-of-date fixtures and equipment may be required.
► No warranty normally offered by
seller.
► Older home values are affected
by the condition of surrounding properties, which can slow equity
growth.
► Out-of-date kitchens and baths.
► Most likely not built to current
building codes.
► With existing neighborhoods, the
people have established friendships.
► You get a property where someone
else made all the choices.
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