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The Cons of Purchasing a Newly Constructed Home

15/01/2020

The Cons of Purchasing a Newly Constructed Home

When it comes to buying a home for ourselves, we tend to fall for a "shiny and brand new" home - and newly-built modern homes are downright irresistible. Though the old constructed homes are also ample in market yet a number of new homeowners prefer newly-built residences.

There are a lot of benefits involved in purchasing a newly constructed home but there are some factors to be considered that can turn it into an unpleasant experience.

New build cons

Older is better

Though newer homes have better layouts, modern furnishings, contemporary appliances, along with new components and materials yet newer homes may not always be better in construction quality. New homes are generally not built as solid as old homes constructed previously. Older homes have solid foundations and strong grounds.

Renovating is more desirable than new construction

When you start constructing a new home, it all starts from scratch. The environmental impact is definitely huge than buying and renovating an old home. According to real estate experts, renovating a home is a form of recycling, which is definitely more desirable for environment than new construction. A pro buyer prefers an older home while a new homebuyer focuses more cosmetic features and layout of the property when buying a new home but most of the things can be added to an existing home during renovation.

Older homes focus more on landscaping

Yes, existing homes do have pretty lawns as the homeowners had spent considerable time in designing beautiful landscape. Moreover, you must know that landscaping does not come without hard work and without spending a lot of money. Older properties can come with beautiful landscaping such as tall trees to cast shade.

Older homes have established localities

If you are building a new home in a new locality, it must be in the process of being established. Older homes come with the benefit of established neighbourhoods with established communities and desirable features like street lights, sidewalks and neighbourhood watches. Another disadvantage of constructing home in under-developed community is the danger of paying high for the amenities because the amenity costs were miscalculated.

New communities timeline is subject to change

Unless you are buying a new home that has already been completed, you could be trapped in a waiting game. What if the developer goes bankrupt, you would not be able to move in until the home is completed or the community offers basic amenities. The construction delays are always likely to happen in new societies, which can further extend the construction timeline of your home.

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