Buying a New Home or a Resale Home

Choosing to buy a home in Gainesville, FL, is a very big decision and an even bigger investment, so it is natural for it to come with a combination of fear and excitement. Because you are investing thousands of dollars in this property that you will be calling home, it is important to take your time to make the most informed decision. You should ensure the house is financially secure and that you feel an emotional attraction to it. When choosing a new home it should fit your needs, create a space that you feel comfortable in and make you feel confident in its value. One of the biggest questions, however, is whether you should buy a brand new home or a resale home. There is no single right answer, each one has its own pros and cons and will cater to certain families differently than others. In order to decide which one is right for you, you need to take into account the factors that are most important to you in a home and compare them with what a new home and resale home offer. At Team Dynamo, we can provide you with an experienced and reliable real estate agent in Gainesville.

Purchasing a New Home in Florida

The Advantages of a New Home

Possibly the biggest perk of investing in a new home is that homebuyers are often able to custom design their spaces, this includes everything from the house layout to the finishing details. This allows for their dream home to be built exactly how they dreamed it and custom built to their specific needs. New homes also tend to include a builder’s warranty for the first few years of ownership and, of course, everything is brand new in them.

The Disadvantages of a New Home

When purchasing a new home, you will find that they often have higher costs than a resale home, which in part is due to the HST/GST that is applied to the price. New homes also carry more risks because structurally they aren’t mature yet and settling could be an issue. Also, be prepared to finalize extra features in the home such as landscaping and fencing separately after your move-in date.

Purchasing a Resale Home in Florida

Pros of a Resale Home

Investing in a resale home most likely means that everything in the home has finished construction and it is already equipped with appliances. Structurally, the house has also had several years to settle so no surprises should come from it. Resale homes are often located in established neighborhoods, which means it can protect property value more than a newly developed neighborhood. Resale homes also tend to be less expensive than new homes and they are exempt from HST. At Team Dynamo, we can help you find Gainesville, FL real estate listings for resale homes.

Cons of a Resale Home

Often times, upkeep for a resale home can be more expensive due to older appliances, plumbing and electrical systems. Before purchasing a resale home, you should have an inspection performed to get an idea of what will need repairing or replacement, and how much it will cost you. Resale homes also don’t tend to come with the builder’s warranty that new homes get.

Gainesville, FL Real Estate Agency

When investing in a home, be sure to consider the differences between a new home and a resale home to determine which one can best meet your needs. At the end of the day, the right choice will come down to your family’s particular lifestyle and what is most important to you. Contact Team Dynamo today for help finding a home for sale in Gainesville, FL.