There is a question that most potential homebuyers will ask themselves at some point in the process. “Should I buy that charming old home on the corner or build one of my own?”
There are circumstances when buying that old resale home might work for you. However, if you look past the charm and the mystique of that used home, you will more than likely find that a better option for you is to build your dream home with a custom home builder.
One of the biggest faults with a resale home is the amount of money you will probably need for repairs.
• The average hot water heater lasts 10-13 years. When was the last time it was replaced in the home you are considering purchasing? Replacing a hot water heater costs over $600.
• An HVAC system has an average life span of 15-20 yrs. Replacing an entire HVAC system costs over $5,000.
• An average 3- tab shingle roof lasts approximately 15-18 yrs. Instead of replacing the roof on a house that you just bought, why not go to Disney World?
These are just a few examples of things that will inevitably need repair in a resale home.
Time not spent fixing things that have already broken on your newly-purchased used home is often spent trying to make sure other things don’t break in the meantime. Maintenance on used homes is time consuming and expensive. Wouldn’t you like to spend your time and money on something fun rather than having busy week-ends with nothing but maintenance and repairs to do on a home you just bought?
Another huge advantage of a new construction is energy efficiency. There are several ways that new codes, new materials and consumer demand have changed the energy factor for the better.
Windows are a great example of the change in efficiency; modern windows can save you up to 50% in heating and cooling costs. New roofing materials that are used also reduce energy cost. On average, you will save about $67 a month with a new homes energy efficiency. That’s enough savings to buy that big LED TV you‘ve been dying to have, and the energy you save with those new windows, the new roof and other new construction efficiencies will run that TV for about 10 yrs !