Should You Go For an Older House or A New Build?

Probably you’re thinking of selling your present house to a top-tier we buy houses company such as Cash Buyer New Jersey that facilitates quick, hassle-free sales and buying a new one. Once you’ve accumulated funds for the new home, the key question appears as what kind of house should you go for – an older home or a new build one? Both options come with their fair shares of advantages and disadvantages, which you must consider before making a final decision. Let’s take a look at how they can impact you.

Buying an old home
Advantages:
• In old homes, rooms are usually bigger with lots of storage as opposed to new builds where it’s generally small. Also, these houses often have more rooms and larger outside spaces.
• If you want to buy a house with traditional features like picture rails, a fireplace, detailed coving, etc, an old home is what you’d need to buy.
Disadvantages:
• If the previous owners of the house are elderly, it might not remain in perfect condition. It means you may need to undertake lots of renovation works – from re-wiring and renovating the bathroom and kitchen to modifying existing plumbing, among others.
• In case the house you bought requires several renovation works and you occupy it immediately after completing the sale, you’ll have to face the inconvenience of living while the work is going on.
• Maintenance of an older home might become considerably expensive especially if the products you’re looking for aren’t readily available in the market.
• Hidden surprises, unexpected faults, etc aren’t uncommon when it comes to buying older homes. So, you might need to set aside funds to deal with these.

Buying a new build home
Advantages:
• You may get the opportunity to select fittings and fixtures to customize the property according to your preferences.
• You don’t need to bother about cleaning or renovating anything – just move in and settle down.
• New build homes often have energy-efficient features such as airtight doors, insulated roofs, etc, which will essentially help you save on utility bills.
• New build properties usually come with a specific warranty period. So, if something goes wrong during that period, the builder will most likely be responsible to fix it. However, warranties are often limited in scope and hence, you must understand what they actually cover.
Disadvantages:
• Some new build properties are pretty small. Therefore, you’ve to check the space thoroughly to understand whether or not all your existing furniture would fit inside. If they don’t, you might have to search again for another home or get rid of some of your furniture.
• If the builder is inexperienced, you’ve to ensure what’s actually included in the home’s price. Is it offering flooring and carpets as standard? Will you need to pay extra for that high-end kitchen or that’s included in the price?
• Despite the energy-efficient features of new homes, you need to pay a significantly higher price than purchasing an older home from a reputable we buy houses company like Cash Buyer New Jersey.
• If the builder delays the construction work of the house, you may need to wait for a longer period of time to move into it.

Closing thoughts
Ultimately it comes down to your personal preferences whether you should buy an old home or a new build. If you choose the former option, be sure to purchase the property from a leading we buy houses company like Cash Buyer New Jersey to experience a hassle-free process. Even if you contact an individual seller by seeing his/her advert that states “I want to sell my house”, you should consult with a reputable real estate company to avoid future hazards.

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