There are many reasons you might be ready to move. Regardless of your motivation, before you list your current home, you should consider where you want to go next.

In today’s market, it makes sense to consider all options. This includes both existing homes and newly built homes. Let’s compare the advantages of each to decide which one is right for you. Whichever option you choose, working with a trusted real estate professional throughout the process is essential.  

The Benefits of Newly Built Homes

First, let’s look at the benefits of buying a new home. In a brand new home you can:

1. Build your dream home

When building a house from scratch, you have the option of choosing the custom features you want, such as appliances, finishes, landscaping, and layout. Bankrate said: “Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs. You also won’t be limited to a specific location or neighborhood.”

2. Take advantage of builder concessions

In today’s market, many home builders are working hard to sell their current inventory and are adding more. This means that many of them are concessions and willing to negotiate with buyers. This can work to your advantage.

3. Minimize home repairs

Many contractors offer warranties, giving you peace of mind should any repairs occur. And you don’t have to work on many small improvement projects. As realtor.com says:

“. . . if something goes wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”

4. Take advantage of energy efficiency

When building a home, you can choose modern, energy-efficient options to lower your utility bills, protect the environment, and reduce your carbon footprint.

The Benefits of Existing Homes

Now let’s compare these to the benefits associated with buying a used home. With your existing home, you can:

1. Explore a wide range of home styles and floor plans

With decades of homes to choose from, you have the freedom to choose from a wider range of floor plans and designs.

2. Enjoy the charm of live-in

It is difficult to recreate the atmosphere of an old house. If you value timeless craftsmanship and design elements, you may prefer an existing home.

3. Join an Established Neighborhood

An existing home gives you the opportunity to learn about your neighborhood, community, or traffic patterns before committing. Also, they have more developed landscapes and trees that can give you extra privacy and charm.

4. Move in faster

Buying an existing home is a good idea if you only have a short-term opportunity to move, or if you want to avoid a process that takes months while building your home. US News explains: