Finding a preexisting home that perfectly fits your needs can be tough. On the other hand, buying a property to build on can be expensive and time-consuming. Thanks to Trulia, here are all the things you should consider when determining which option is best for you.
According to Trulia's latest survey, twice as many people prefer new homes to existing homes. "New" means exactly that: brand-new properties that have never been lived in before or homes purchased in the preconstruction phase. On the flip side, "existing" homes are preowned properties, most of which were built between the 1920s and the 1970s.
While shiny and new sounds nice in theory, what's actually behind the allure of these properties? Let's dive into the advantages and disadvantages:
While it may seem like new construction is the perfect choice, there are many lifestyle factors to consider. After all, you're not just buying a house — you're buying a home and a neighborhood!
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