Marjorie Youngren Team | Lynnfield Real Estate, Melrose Real Estate, Middleton Real Estate


Image by Capri23auto from Pixabay

It’s not unusual for homebuyers to enter the market with some preconceived notions about the differences between an existing home and new construction. These may be formed by talking to friends and loved ones about their successes and challenges. Others come from media sources, including the seemingly endless stream of reality home shows.

Regardless of how your ideas have been formed, it’s in every buyer’s best interest to conduct some due diligence and explore the gaps between opinions, myths, and real estate facts. Weighing the following pros and cons of new construction may help you hone your understanding and make a truly informed decision.

1: Home Customization May Be An Option

It’s important to distinguish between two types of new construction. There is the type in which you work directly with a builder and architect to design a home unique to your standards and desires. There’s also the type in which the house is already built, and you would be the first occupant. The idea that buying new automatically delivers input into the design is only reserved for the former. If you want control from the drawing board to turning the key, that can certainly be achieved by enlisting an architect and construction outfit.

2: New Home Customization Can Be Expensive

While adding all the latest Smart technology and energy-efficient products can provide the quality of life you are pursuing, these items do come at a premium. Some estimates place Smart technology options at a 30- to 50-percent higher cost than conventional appliances and devices. New construction costs also hover at approximately $150 per square foot and can uptick considerably if you plan to integrate high-end materials or unique floor plans. Customization can certainly result in the dream home you imagine. However, there may be a nightmarish price tag included.

3: New Home Construction More Energy Efficient

Energy expert resources generally agree that new homes and those built after 2000, are widely more energy-efficient than those built in the 20th Century. New construction living spaces utilize and estimated 20 percent less energy, on average and new HVAC systems could outpace older homes by as much as 50 percent. That equals real dollars and cents savings on monthly utility bills and annual home expenses.

4: New Construction May Lack Quality Materials

It’s an open secret that the construction industry utilizes more inexpensively crafted materials than older homes. For example, many new construction homes present the image of hardwood flooring at first blush. But upon further review, the materials used are sometimes floating flooring or far thinner than yesteryear oak and other hardwoods. While new construction usually likes quite shiny, the materials to build it may lack the durability and luster of older existing homes.

5: New Construction Is A Double-Edged Landscaping Sword

Buying a newly constructed home often means that you will have pleasure — or chore — of designing the grounds as well. The upside usually involves planning your outdoor living space precisely the way you want it. Options such as stone patios, verandas, permanent outdoor cooking stations and garden placement, among others, are all on the table.

But the downside is that a new landscape will not necessarily enjoy the robust aged trees, large flowering shrubs and deeply rooted lawns of established grounds. That may seem like six-in-one-hand and a half-dozen in the other. Those are the little differences that you are tasked with weighing when making an informed decision between new construction and an existing home.  


This Condo in Woburn, MA recently sold for $619,000. This Garden style home was sold by Marjorie Youngren Team - William Raveis Real Estate.


855 Main St, Woburn, MA 01801

Condo

$599,900
Price
$619,000
Sale Price

6
Rooms
2
Beds
2
Baths
This fantastic, light-filled top floor end unit has windows stretching to 9+ ft. ceiling in the main living area. Unit contains 2 Bedrooms, 2 Full baths, Kitchen with 8 ft. Island and special order River White Granite countertops. The Den with oversized closet has potential of being converted into a third bedroom. The gas fireplace lends a cozy feel to the open concept Dining/Living room area. Off the Living room, a screen/storm door leads to an East-facing deck where you will enjoy stunning sunrise views. Master bedroom has 9+ foot ceiling, custom room darkening shades, large walk-in with custom wood closet system. Master bath has tiled, step-in shower. Laundry closet contains large stackable Washer/Dryer. The Unit has 2 deeded underground heated garage spaces & 2 oversized side by side storage lockers near elevator. Clubhouse with patio is another great feature & so much more...

Similar Properties



This Single-Family in Merrimac, MA recently sold for $900,000. This Colonial style home was sold by Marjorie Youngren Team - William Raveis Real Estate.


3 Locust Grove Road, Merrimac, MA 01860

Single-Family

$829,000
Price
$900,000
Sale Price

11
Rooms
4
Beds
2/1
Full/Half Baths
No detail was overlooked in this impeccably crafted and maintained 4 bedroom reproduction Colonial with its own sports park. The early period detail consists of feathered clapboards, copper gutters, hand-built custom built-ins etc. The heart of the home is the beautiful bright kitchen with granite/stainless open to the charming family room. The stately fireplaced living room is a delightful place to read a book on a snowy day. The well-scaled dining room with custom wainscotting will wow your guest. The lower level offers a home theater, pool room, and an exercise room. Ready to head outside for some fun? Enjoy the recently refurbished in-ground pool, large deck with a hot tub, large grassy yard, and a full sports court! Mature plantings complete the yard and provide privacy. This is truly a unique offering and will not last. FIRST SHOWINGS AT OPEN HOUSES SATURDAY 12 to 1:30 and Sunday 12 to 1:30, 1st come first serve. ALL OFFERS REVIEWED MONDAY AT 5PM. HURRY THIS IS LIKE NO OTHER!!

Similar Properties



Deciding whether to set up a home showing sometimes can be a tough decision. Yet a home showing can make a world of difference for a buyer as he or she searches for the ideal residence.

Ultimately, there are many reasons to schedule a home showing, and these include:

1. You can look beyond a home listing.

A home listing generally offers details about a house's age and features, as well as photographs of different areas of a residence. But a home listing can only provide so much information. Fortunately, a home showing enables you to assess a house in person and decide whether a residence is right for you.

During a house showing, you can walk around a residence and view each room. If you want to further pursue a residence after a showing, you can submit an offer to purchase. Or, if you find a house fails to match your expectations, you can always continue your search for your dream home.

2. You can gain comprehensive insights into a house's condition.

When it comes to evaluating a house's condition, it typically is a good idea to attend a showing. That way, you can get an up-close look at a home's condition and determine whether a residence needs major or minor repairs.

A home showing enables you to analyze a residence both inside and out. After a showing is complete, you can decide whether you are satisfied with the condition of a home and map out your homebuying journey accordingly.

3. You can imagine what it would be like if you purchase a home.

A home showing makes it easy to envision what life may be like if you purchase a particular house. As such, a showing may prove to be crucial as you pursue your dream residence.

If you feel good about a house following a showing, you should not hesitate to submit a competitive homebuying proposal. Conversely, if you feel uncomfortable with a residence, you may want to pursue other options.

Of course, hiring a real estate agent may be exceedingly valuable as you search for your ideal house. A real estate agent can schedule home showings at your convenience and provide plenty of tips to help you pursue residences in any housing market. By doing so, a real estate agent will empower you with the insights you need to make an informed decision about a house.

Let's not forget about the assistance that a real estate agent will provide after you find your dream house, either. At this point, a real estate agent will help you put together a competitive offer to acquire your ideal residence. And if you have any concerns or questions as you move along the homebuying journey, a real estate agent is happy to respond to them.

Ready to find your dream residence? Schedule a home showing, and you take the next step to acquire your ideal house.


With closing day rapidly approaching, you're almost to the finish line of your home purchase. However, before you complete your home purchase, you will need to conduct a final walk-through of the property.

Ultimately, a final walk-through offers a valuable opportunity to identify any last-minute problems with a residence. If you encounter any issues during a final walk-through, you can ensure that the seller can correct these problems prior to a home closing.

Preparing for a final walk-through is key. Lucky for you, we're here to help you get ready for a final walk-through so that you can complete a successful home purchase.

Now, let's take a look at three tips to help you prep for a final walk-through.

1. Avoid a Closing Day Walk-Through

When it comes to a final walk-through, it pays to be cautious. Thus, you should give yourself plenty of time to set up a final walk-through. This will allow you to avoid the dangers associated with finding home problems on the same day as a house closing.

Try to schedule your final walk-through at least a few days before you close on a residence. That way, if you discover problems with a house, you can ask the seller to respond to these issues and reduce the risk of a home closing delay.

2. Keep an Eye Out for the Seller's Leftover Belongings

A final walk-through gives you an opportunity to view a house that is virtually empty. But if you find that a seller has left behind various belongings, you should not hesitate to ask the seller to remove his or her possessions.

Furthermore, a home seller should leave a house in "broom-swept" condition; this means a home's walls, floors and other surfaces should be dust- and dirt-free. If you find trash and other debris in a home, you can ask the seller to clean the property.

3. Be Ready to Test All Appliances

A homebuyer may acquire a refrigerator, washer, dryer and other appliances as part of a home purchase. These items often are expensive to replace, and as such, you'll want to make sure they work properly during a final walk-through.

If an appliance does not perform as required, you have the right to request that the seller repair or replace the appliance. Or, you may be able to receive financial compensation for the defective appliance.

When it comes to prepping for a final walk-through, there is no reason to work alone. Fortunately, if you collaborate with an expert real estate agent, you can receive plenty of support in the days leading up to a home closing.

In addition to providing homebuying assistance, a top-notch real estate agent is happy to attend a final walk-through. By doing so, this housing market professional can help you identify any potential home problems and resolve such issues as quickly as possible.

Plan ahead for a final walk-through, and you can avoid the risk of discovering assorted home problems after you close on a residence.




Loading