As we close out a summer marked by rising home prices and limited supply, we’re conditioned to expect the inevitable end-of-season slowdown. But the change of season doesn’t
NEW CONSTRUCTION VS RESALE
It's a debate that's been going on since home building became the "housing industry." Should your next home be brand new or a resale?
It all depends on what you're looking for, as they each have their advantages. For example, a new home can be pristine, with a brand new water heater, HVAC, and other systems that are still under their manufacturers' warranties. Also, many builders guarantee their construction for a limited period of time, so if a window is loose or if there is a leak in the roof, they'll take care of it. Most builders also let you at least partially customize a new home so you can get that perfect kitchen in place before you move in (and if you've ever been through a kitchen renovation, you know how important that is).
However, resales also have their upsides. They can be in well-established neighborhoods with more developed infrastructure and closer to amenities. There's also a feeling of solid construction with older homes with more traditional styles.
Like buying a new vs. used cars, it all depends what your goals are and what your budget can get you. Luckily, there is plenty of housing inventory of both kinds around the Triangle. So if you're looking for a new or "used" home, I'd love to help you out!
Michael Cunningham is a Real Estate Broker as well as the go-to tech and marketing wiz at Domicile Realty. A native of Tennessee, Michael arrived in Chapel Hill by way of Washington, DC where he help....
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