New Home Pro’s: Low maintenance – everything is new and you will gain a builders warranty. You will be able to decorate from the beginning – exactly the way you want. There are more modern conveniences and most likely, the home is more energy efficient

New Homes Con’s:  You may experienceinitial slower appreciation (depending on when you buy in the construction cycle).On-going construction may surround you. Construction traffic and mud can continue for months. You may incuradditional expenses. You may have to purchase appliances, window treatments, fencing, fixtures, landscaping, etc.  

Resale Pro’s: Moving into an established neighborhood. Many extras are already present (less expense to you).Often you will gain more value than new construction. The previous owner may have spent thousands of dollars upgrading their home. If you purchase the home at market value, you will gain the benefit of these upgrades – and you may have spent $0.

Resale Con’s: Home may not be in move-in condition. The home may require a lot of work, resulting in a lot of time and money. Also, the systems of the home (heavy ticket items) may need to be replaced (HVAC, roof, windows, etc.) could result in a significant investment. A caveat, if purchased below market value, gaining automatic equity – these repairs may not be a big deal. 

And besides, you CAN buy (or ask seller to buy) a home warranty for around $400-500.

M:ore Straight Talk from your trusted advisor….Alyce