{"id":2810,"date":"2020-07-23T12:58:22","date_gmt":"2020-07-23T18:58:22","guid":{"rendered":"https:\/\/www.lincolnberg.com\/blog\/?p=2810"},"modified":"2021-02-16T16:17:27","modified_gmt":"2021-02-16T23:17:27","slug":"new-construction-homes-vs-resale-15-important-pros-and-cons","status":"publish","type":"post","link":"https:\/\/www.lincolnberg.com\/blog\/2020\/07\/new-construction-homes-vs-resale-15-important-pros-and-cons\/","title":{"rendered":"New Construction Vs Resale: 15 Important Pros & Cons"},"content":{"rendered":"

Making the decision to purchase a new construction home versus resale homes can be a difficult task. There are many benefits to new construction houses, but there are also benefits of resale homes. Here are some of the main differences between new construction and resale homes to help you make your decision.<\/span><\/p>\n

When it comes to new construction homes, there are three major types. There are fully custom homes, new builds, and quick possessions; Lincolnberg Master Builders deals with two. Fully custom homes provide the most choices and the ability to design every aspect of your home \u2014 everything between your foundation and your roof is yours to decide. However, fully custom homes are also the most expensive kind of new construction home, and they are also the longest building process. Lincolnberg offers customizable features, rather than custom homes.<\/span><\/p>\n

New builds allow for some customizations, but for the most part items like floorplan, exteriors, and the base of the home come from the home style. You get to choose your flooring, materials for cupboards and countertops, and other interior finishes, but the base is largely decided by the home design you choose. Although you get less customization options than a fully customized home, you will save a significant amount of time and money by choosing the more standardized process. The final kind of new construction home is the quick possession home. This home doesn\u2019t allow you any customization choices because the entire home is already finished and move-in ready. You may not get to design the home, but a quick possession allows you to move into a brand-new home instantly, and you also save some money that way.<\/span><\/p>\n

Resale homes are homes that have already been lived in and are being sold as-is. There are no customization options, but resale homes tend to come in at a much lower price point that new builds or quick possessions.\u00a0<\/span><\/p>\n

Here is a list of advantages and disadvantages to both new homes and resale homes!<\/span><\/p>\n

New Construction Homes<\/span><\/h2>\n

Advantages of New Construction Homes<\/span><\/h3>\n

1. More customization options<\/strong><\/p>\n

If you\u2019re going for a home that fits your vision, new construction is the way to go. If you want a ton of customization, starting with your own design is the far more economical option rather than renovating. Being able to choose what your house looks like, and what the floor plan is (in the case of a new build where you are given a selection of appropriate home designs) can help your new home feel more like <\/span>your <\/span><\/i>home instantly.\u00a0<\/span><\/p>\n

2. The home version of a new car smell<\/strong><\/p>\n

There\u2019s something to be said about knowing that you and your family are the only people to live in your house. There\u2019s some peace of mind to knowing that there were no weird renovations done, the floors aren\u2019t scratched from decades of moving furniture, no animals have left messes on the floors, and there are no ghosts.<\/span><\/p>\n

3. Newer home means more environmentally friendly<\/strong><\/p>\n

Older houses weren\u2019t built to have the same energy efficiency. New electrical, HVAC, and plumbing technologies mean you can use less power and get more from it. When it comes to new homes, there\u2019s no waiting 20 minutes for the water to warm up as you pour a bath or having your light bulbs burn out every month because of electrical surges. New technology in windows, thermostats, lighting, and plumbing all lead to your home having a lighter impact on the environment and a lighter impact on your wallet.<\/span><\/p>\n

4. The community is newer<\/strong><\/p>\n

Being in a new community with your new construction home means that the roads and sidewalks will be newer (less potholes for a while), and the schools and amenities will be newer too. This can be a great advantage.<\/span><\/p>\n

5. Less maintenance costs<\/strong><\/p>\n

Another advantage of new construction homes is the lower maintenance requirements. Items like furnace repairs, room replacements, resealing your concrete patio, etc. etc. are years away, and other maintenance items like lightbulb replacement and making sure your doors are properly sealed are much less expensive than in old homes.<\/span><\/p>\n

Disadvantages of New Construction Homes<\/span><\/h3>\n

1. The cost<\/strong><\/p>\n

The main disadvantage of new construction homes is that they will always cost more than resale homes. Just like buying anything else brand new is more expensive, your home is going to cost you more if you want all the advantages of a brand new home.\u00a0<\/span><\/p>\n

2. Longer time frame to move in<\/strong><\/p>\n

Other than quick possessions, new construction homes take more time to be able to move it. From purchasing the home to getting it built, it can take many months before you\u2019re able to officially move in to your newly built home.<\/span><\/p>\n

3. Less community variety<\/strong><\/p>\n

Although new streets and new amenities are a major plus, one of the disadvantages of new communities is that there isn\u2019t as much visual variety in the streetscapes. Houses may differ, but modern styles all tend to lean towards a similar style. There\u2019s also less community variety in that new communities attract similar demographics, so you\u2019re likely going to have neighbours that are all quite similar to yourself.<\/span><\/p>\n

Resale Homes<\/span><\/h2>\n

Advantages of Resale (Existing) Homes<\/span><\/h3>\n

1. The cost<\/strong><\/p>\n

Resale homes can save you a decent amount of money in the home buying process. They are exempt from GST and HST taxes, and just in general, because the home is older, you can often get a better price. There is also more room for negotiation when it comes to purchasing resale.<\/span><\/p>\n

2. Move in ready<\/strong><\/p>\n

Resale houses are available to move in usually a month after purchasing, which is a huge advantage if you\u2019re looking for a place to live immediately. Not having to wait for anything other than all the closing requirements lets you pack up your things and start making your new house feel like home right away.<\/span><\/p>\n

3. Neighbourhoods with more character<\/strong><\/p>\n

Even though a newer neighbourhood is an advantage, so is living in an older neighbourhood \u2014 it all depends on your preferences! Older neighbourhoods often have wider streets that allow for more street parking, lots of taller, fuller trees, and older neighbourhoods tend to have all their landscaping done with larger yards, so visually there is a lot more character.<\/span><\/p>\n

4. Established amenities<\/strong><\/p>\n

Older neighbourhoods have more established bus routes and school systems than some new communities, so if public transit is important to you, living in an older neighbourhood could be quite the advantage.<\/span><\/p>\n

Disadvantages of Resale Homes<\/span><\/h3>\n

1. More risk<\/strong><\/p>\n

Whenever you buy an older home, you\u2019re taking on an element of risk. You didn\u2019t live there with the previous owner(s), so you don’t know exactly what was done to the home and how it was treated. If the previous owners didn\u2019t follow a maintenance plan, if they did renovations that made things, in your eyes, worse not better, if the roof hasn\u2019t been redone in twelve years, or if the furnace is incredibly old, these are all expensive things you\u2019ll have to address in order to make your home both comfortable to live in and feel like your home.<\/span><\/p>\n

2. Less environmentally friendly<\/strong><\/p>\n

Older homes weren\u2019t built with energy efficiency and environmentally friendliness in mind. They wouldn\u2019t be built with high efficiency windows, better plumbing or electrical, and other technologies that new houses have today.<\/span><\/p>\n

3. No customization<\/strong><\/p>\n

New home designs are often built to optimize floorspace in a way that increases your usable space. Older homes for resale may not have those advantages, and can often have layouts that are dated or feel like they waste space. Other things like design and materials used are just \u201cas is\u201d when you purchase a resale home, if you want new granite countertops and hardwood floors, or a different paint colour with a resale home, that\u2019s up to you to do after the fact.<\/span><\/p>\n

4. No warranty<\/strong><\/p>\n

A major disadvantage of resale homes is the lack of warranty. If you close on a resale home and it passes inspection, you\u2019re essentially on your own if something was missed. You would have home insurance in the case of damage from natural disasters, but if you need to replace something due to faulty construction or wear and tear, that is on you as the new homeowner.<\/span><\/p>\n

Whether you choose a resale home or a new construction home, buying a house is an exciting investment! Make sure to figure out the best choice for you so that your new house becomes a great home.\u00a0<\/span><\/p>\n

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Lincolnberg Master Builder has been proudly building homes in Edmonton and area for over 41+ years. Looking for a new home? Explore our quick possession homes in\u00a0South Edmonton<\/a>,\u00a0West Edmonton<\/a>,\u00a0North Edmonton<\/a>,\u00a0Leduc<\/a>\u00a0or\u00a0Sherwood Park<\/a>\u00a0today!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Making the decision to purchase a new construction home versus resale homes can be a difficult task. There are many benefits to new construction houses, but there are also benefits of resale homes. Here are some of the main differences between new construction and resale homes to help you make your decision. When it comes […]<\/p>\n","protected":false},"author":8,"featured_media":2811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[200],"class_list":["post-2810","post","type-post","status-publish","has-post-thumbnail","hentry","category-buying-a-home"],"acf":[],"yoast_head":"\nNew Construction Vs Resale: 15 Important Pros & Cons - New Home Builder & Home Buyer Resources In Edmonton<\/title>\n<meta name=\"description\" content=\"Both types have their benefits! 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