What Are Your Plans After You Sell Your House?

If you are thinking about selling your home, you may have heard that the supply of available homes is still low, which means your home should stand out to buyers who want more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And will you be able to find a home you want to buy with inventory this low?

Exploring all of your options, including previously lived-in homes as well as newly built ones, can help you find your next home. Let us examine the advantages of each.

The Pros of Newly Built Homes

First, let’s look at the advantages of purchasing a newly constructed home. With a brand-new home, you’ll be able to:

  1. Create your perfect home. When you build a house from the ground up, you can choose the custom features you want, such as appliances, finishes, landscaping, layout, and more.

  2. Cash-in on energy efficiency. You can choose energy-efficient options when building a home to help lower your utility costs and reduce your carbon footprint.

  3. Minimize the need for repairs. Many builders provide warranties, giving you peace of mind in the event of an unexpected repair. You will also have fewer small projects to complete.

  4. Have brand new everything. Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.

The Pros of Existing Homes

Now, let’s compare that to the perks that come with buying an existing home. With a pre-existing home, you can:

  1. Explore a wider variety of home styles and floorplans. With decades of homes to choose from, you’ll have a broader range of floor plans and designs available.

  2. Join an established neighborhood. Existing homes give you the option to get to know the neighborhood, community, or traffic patterns before you commit.

  3. Enjoy mature trees and landscaping. Established neighborhoods also have more developed landscaping and trees, which can give you additional privacy and curb appeal.

  4. Appreciate that lived-in charm. The character of older homes is hard to reproduce. If you value timeless craftsmanship or design elements, you may prefer an existing home.

The choice is yours. When you start your search for the perfect home, remember that you can go either route – you just need to decide which features and benefits are most important to you. As an article from The Mortgage Reports says:

“When building, you gain more freedom to tailor the design, materials, and features, but it demands more time and involvement. Conversely, buying an established home offers immediate occupancy . . . yet may require compromises. Your choice should align with your budget, timeline, customization preferences, and the local real estate landscape.”

Working with a local real estate agent throughout the process is critical to your success in either case. They will assist you in exploring all of your options based on what is most important to you in your next home. You can find the right home for you together.

Bottom Line

If you have questions about the options in our area, let’s discuss what's available and what's right for you. That way, you’ll be ready to make your next move with confidence.

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