If you need assistance, please call 775-772-8097

Which Is Better for You: Resale or New Construction?

Monday, June 28, 2021   /   by Sandy Gabrielli

Which Is Better for You: Resale or New Construction?

Here’s how resale homes and new construction differ.

Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check 

Which is better: resale homes or new construction? The answer depends on your situation.
 
With resale homes, you know that they’re ready to move into right now. You don’t have to wait for them to be built. They have window coverings, upgrades, and have been personalized. They also have landscaping (for the most part), and some resale homes have custom backyards with water features, pools, or fire pits. On top of that, they’re located in established neighborhoods with overgrown trees, and some come with appliances already installed.

That said, buying a resale home means you’ll be paying over market value and competing with other offers. With new construction homes, the price is the price. Once the lot is released and you’re locked in, that’s the price you pay for it—not including upgrades. The same money you’d spend on an appraisal gap for a resale home is the money you’ll spend for upgrades and/or landscaping.



"Buying a resale home means you’ll be paying over market value and competing with other offers."


The average build time for new construction is between six and 12 months, and they don’t accept contingent offers. During that time, you either need to financially qualify to own two homes at once or have a place to stay temporarily. After construction is complete, though, you get a brand-new home, including a new roof and furnace, and the builder gives you a one- to two-year warranty. They also offer an extended warranty for the construction of the home. On top of that, you get to personalize what’s being built and pick out your upgrades. Additionally, for every lot release, the price goes up, which means by the time your home is built, you’ll have automatic equity.

If you’d like more help deciding which home-buying option is best for you or have any other real estate questions, don't hesitate to reach out to me. I’d love to hear from you.
   

  real estate

RE/MAX Professionals
Gabrielli Homes Team
4838 Sparks Blvd #102
Sparks, NV 89436
775-772-8097

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2021 of Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Sandy Gabrielli - Gabrielli Homes Team / RE/MAX PROFESSIONALS are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2021 of Northern Nevada Regional MLS. All rights reserved.
This site powered by CINC: www.cincpro.com