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New Houses

Newly produced homes have top quality control requirements, newer construction methods, and better energy efficiency than many older homes. They frequently bring a 1+ year warranty and good financing options. The downside is that while they're simple to enter into, it's very difficult to sell them for a few years (especially if the designer is still in the neighborhood), and the ultimate value is frequently greater than an older home (though they generally need very little up-front cash, and many builders will give thousands of pounds of improvements and incentives.) The neighborhood will not be established, there will be very few shade trees like within an older neighborhood, and it will do have more of a frontier experience. In the event that you like new and shiny like a new car, then the clean scent of a new house will be your point.

Present Domiciles

They are held by homeowners who wish to sell their houses. They have been experienced, and may be better built than newer homes. Many people such as the fact that they've the charm and history of having been lived in - in fact, many buyers think that a brand new home is "cold" if it hasn't been lived in. What their age is presents them respectability, and they're in established areas with high bushes and established neighbors and schools. They might be funky/customized with interesting quirks. These are for folks who like "established" OR "different." They're much simpler to market immediately after you buy one. Many also carry a 1-year warranty. They might not interest people who like being the first in a property or who want one built specifically for them.

Which would you like better - New or Existing? People who like one may perhaps not like the other, though there are lots of exceptions who like both.

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