Last time, we shared with you some of the advantages and disadvantages of owning a new construction New Albany home.
Today, weâ€™ll continue the series by telling you about the pros and cons of owning a resale home on the New Albany real estate market.
Investing in New Albany, Ohio Real Estate
Although it may seem that buying a new construction home would be the superior investment, there are actually plenty of reasons why home buyers choose resale homes instead.
Here are some of the advantages of buying a resale home:
- Youâ€™ll be able to enjoy a yard with lush landscaping and established trees immediately.Â When you buy a new construction home, youâ€™ll likely have to invest in the initial landscaping yourself.Â Not only can that be costly, but it can also be years before you can fully enjoy the fruits of your investment.Â If you prefer to live somewhere that already has a canopy of trees overhead and lush landscaping, resale homes are the way to go.
- You may inherit some appliances and window treatments from the previous owner.Â Often times, home buyers successfully bargain with sellers to throw in the fridge or washer and dryer with the purchase of the home.Â YouÂ may notÂ have that bargaining option with a new construction home.
Â New Albany Resale Properties
Yet, home buyers should be aware that there are also some drawbacks to buying an existing property.
Here are some of the disadvantages that you should know about before entering the New Albany real estate market:
- You may be investing in an outdated floor plan. Like anything else, the trends that dictate the housing industry change over time.Â Dated floor plans may prove to be less convenient or efficient than more modern layouts.
- Youâ€™ll have to pay to get your home inspected. Because you arenâ€™t the only person who has ever lived in the home, youâ€™ll want to invest in getting your home inspected for mold, plumbing and wiring issues and more at some point.
- Eventually youâ€™ll have to buy all-new appliances.Â While itâ€™s great that sellers will often throw in their appliances with the purchase of the home, those appliances will eventually get to old to use.Â That means that at some point down the road, youâ€™ll have to foot the bill for all-new appliances.
Your New Albany REALTORS
We hope that you have found our series on new construction versus resale homes helpful as a home buyer.
After all, the sooner you can narrow down the search for your dream New Albany home, the more time and money youâ€™re likely to save in the process.
Until next time
Kate & Tony