Looking for a new home in Southern California? Many home buyers debate between buying new construction vs. resale homes. While most home sales are resales, nearly 25% of home buyers opt for brand-new properties instead.
While one isn’t necessarily better than the other, they each come with their pros and cons.
So, how can you know which type of property is right for you? In this post, our team at Your Home Sold Guaranteed Realty - Rudy Lira Kusuma Real Estate Team will discuss what you need to know to help you narrow down your options and choose the right home.
Resale Homes
The majority of home sales in Southern California are of resale properties. Previously-owned homes offer a number of benefits for home buyers. On average, resale homes are:
- Less expensive than new construction
- Located in more established neighborhoods
- Located closer to cities, shopping centers, and grocery stores
In addition, transactions with resale homes tend to close faster than new homes.
Purchasing a resale property is also beneficial because you don’t have to go through a builder. Instead, you work with the home seller and their listing agent.
This makes it easier to speak to the previous owner to find out key information about the property, such as what it’s like living in it and how to maintain it.
Resale homes also allow you to conduct your home inspection and appraisal. That way, you know exactly what you’re getting and how much the property is worth.
However, the drawback of being able to do your own inspections is that because resale homes are older, they often need more maintenance.
Even if the home inspection doesn’t turn up any issues, an older home will likely need repairs or significant upkeep at some point in the future. When this happens, the expense will fall on you.
New Construction Homes
Of course, the obvious benefit of new construction homes is that no one else has lived in them before. This can appeal to home buyers in Southern California who want to feel like the place is their own.
Other benefits of new homes include:
- Being more spacious
- Having modern, energy-efficient appliances
- Additional upgrades at time of purchase
- Coming with a warranty
The main downside of new construction homes is that they tend to be more expensive.
In addition, they’re generally located farther away from areas like schools and shopping centers. They also may require a longer commute for those who work in the city.
Lastly, new construction homes can sometimes have less character than resale homes– they’re usually part of larger developments where every house looks the same.
This may mean you have less opportunity to customize the home to your liking.
If you’re interested in buying a new home, our team has created a guide on the 10 Secrets Every New Home Buyer Should Know. In this report, you’ll learn the top tips for dealing with home builders and getting the best possible deal on a new construction home.
You’ll also learn more pros and cons of new construction vs. resale homes. To download your free copy, click on the button below.
Learn More About New Construction vs. Resale Homes With Our Team
In the end, if you’re considering a new or resale home the right choice will ultimately depend on your needs. Both types of properties have their benefits and drawbacks.
If you need help making a decision, it’s best to consult with an experienced realtor. A realtor can give you key information about home prices, property values, location, and home builders to help you make your final choice.
At Your Home Sold Guaranteed Realty - Rudy Lira Kusuma Real Estate Team, we’ve helped thousands of home buyers in Southern California find their dream homes– both resale and new homes.
Our years of experience in the area mean we’ve developed a close relationship with home builders. We use our connections to help our clients get the best possible deal on their homes.
And with our unique Buy it Back guarantee, we go above and beyond to ensure you’re satisfied with your home. With this program, we’ll buy your home back if you realize it isn’t the right fit.
To learn more about this guarantee and what it’s like working with us, give us a call at 626-789-0159 or fill out the form below for more information.
