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New Construction vs Existing Home
When looking for a new home the thought may cross your mind in which you ask yourself, "What about building a new house?"
Good news is your real estate agent is knowledgeable about new home construction and can help you to understand the differences of having a home built vs buying an already constructed home.
Some considerations with regard to new vs old homes are
- New home construction may have a higher cost per square foot over an existing home
- New home construction allows you to control a lot of the choices with how the house is designed from cabinetry and flooring to landscaping and decks.
- An established home may be ready to occupy much sooner than new construction. Since the home is already built, it's unlikely there will be construction delays that might arise with new construction
- Existing homes offer a greater chance for instant equity through a little remodeling and updating which is lacking in many older homes.
- New construction often features the latest in energy efficient systems, windows, insulation and other features popular in new homes of today such as larger kitchens, number of bathrooms, and more closet space.
You can begin to see the battle taking shape and it's not an easy decision as both new and old homes have their distinct advantages. It really will come down to personal preference and your needs. With new construction one thing is sure...the time line to actually moving into the home is extended as the home needs to be built and can run into delays along the way which could cause you financial hardships or serious inconvenience. With proper planning however, new homes offer a special feeling all their own as you get to be a part of many of the home's design decisions which vary from builder to builder.
Family Realty LLC of Louisville, KY - Home Buyer Articles
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Thank you for all you have done to assist us in the search for, and the purchase of, our new home. We appreciate your enthusiasm and your diligent oversight of the details. May God bless you and yours. 
I purchased my first home from the guys at Family Realty in 2005. The experience was painless and much easier then I believed possible. The team at Family Realty took control of everything. They eliminated my reservations throughout the entire process. The principal thing was that they realized they worked for me and went out of there way to make that very apparent each and every time we met. Then in 2007 I moved with my job to the Cincinnati area. I was expecting the same trouble-free process this time around while buying a home. I couldn't have been more wrong. Our agent was late to meetings, didn't once go out of her way to make us feel significant and really acted like we were working for her instead of the other way around. Everything we asked for seemed to be a hassle and she wouldn't even meet us on the weekends. There is a tangible difference when you work with the best and unfortunately I didn't realize it until I wasn't working with Scott and the guys at Family Realty. 
— Steve Brown