Should You Build a New Home or Buy Existing?

mansfield-custom-homesWhile the home buying process involves lots of important decision making, one of the very first decisions you have to make is whether to buy an existing home or build a new one.

Many home buyers assume that building a new home takes too long or costs too much, but with the variety of building methods available today, new homes are more affordable than you might think, and custom modular and panelized homes can often be built in weeks, not months.

Even finding land is easier today, as many builders offer lots and build packages. So, before you rule out building your dream home, consider these advantages to new home construction.

Benefits of Building a New Home

Aside from the fact that it is, well, brand new, and no one else has lived in it, here are just a few of the added benefits of building a new home.

Designed Around You. When you build a new home, you get exactly what you want. You choose a floor plan and layout that meets your needs, as well as cabinets, countertops, appliances, paint colors, flooring and fixtures to match your preferences and tastes. The opportunities to customize your space are virtually limitless.

Modern. The floor plans in older homes are often obsolete, built with formal dining and living rooms, not enough bathrooms and compartmentalized spaces. New homes feature modern layouts with open floor plans, high ceilings, large family rooms, spacious kitchens and ample bathrooms.

Low Maintenance. While older homes are more likely to require repairs or have products that need replacing, everything in a new home is brand new, so you can enjoy your home, not work on it. In addition, most builders provide a 1- to 10-year warranty to eliminate the anxiety of unexpected expenses.

Energy Efficient. New homes are more energy efficient than homes built even just five years ago. Take windows for instance. Rather than the single-pane windows found in older homes, double and triple-pane windows with special glass coatings and inert gases between the layers of glass are used in new construction. In addition, most new homes are built with greener more efficient appliances, toilets and fixtures, so they save you money on utility bills and protect the environment.

Built Better & Safer. A new home may actually be healthier for you, since there is far less risk of toxic materials, such as asbestos, lead paint and mold. Today’s cabinets, carpets and paints use fewer volatile organic compounds, and state-of-the-art building materials require less care and maintenance. New homes also meet stringent energy standards and building codes that did not exist before. Even indoor air quality is better.

Buying vs. Building

While both cost and build time have become less of a deciding factor for home buyers considering a new home build, the primary reason to buy an existing home is based on location – particularly if you want to be close to the city or a downtown area. You may not love the floor plan or the yard or the lack of energy efficiency, but because most of the land near city centers and towns has already been built on, purchasing an existing home is sometimes the best option. Just remember, if you’re willing to commute a little further, the benefits of building a new home often far outweigh the extra drive time.

Is Building a New Home Right for You?

It all comes down to your own personal preferences and priorities. At Mansfield Custom Homes, we’ll work with you to find the best choice for your goals and budget. We offer many different building methods to fit your needs, including traditional, modular and panelized homes in Saratoga Springs NY, Greenfield, Cambridge and the surrounding counties. We also have lot and build packages available in Upstate New York and Vermont. To find out if building a custom home is right for you, call (518) 222-5323 to set up an introductory, no-obligation meeting with Darrow Mansfield.