Building New VS Buying an Existing Home

When making the decision to either build a new home in North Houston or to buy an existing home, there are many factors to take into consideration. While building a new home allows for customization, buying a home that has already been lived in has its own perks.

Not sure which one is right for you? Use this guide to explore both options.

Building a New Home

Pros:

• Ability to create a custom floor plan
• Choices of top-of-the-line amenities
• Build where you want at a location of your choosing (with some limitations!)
• Ample customization options allowing you to create a home with your specific personality and family needs in mind
• No searching for a home that fits your needs, just building it!
• Energy efficient
• Comfort of warranties

Cons:

• Unforeseen costs
• Time-consuming
• Delayed completion (and thus move-in) dates
• Less negotiation power

When building your North Houston home, using a local Realtor is key to a successful experience. With expert knowledge about builders and contracts, as well as input on realistic timelines and budget, your Realtor will guide you through fair builder’s contracts, inspections, financing, appraisals, and more.

Buying Existing:

Pros:

• Convenience
• Cost
• Ability to see exactly what you are buying before you buy it
• Potential to move into an established neighborhood
• Peace of mind that the price you agreed to is the price you’ll pay
• Variety

Cons:

• Possibility of immediate maintenance issues
• Potential for undisclosed issues to arise after purchase
• Harder to find “the one”

If you’re looking for convenience when buying your new construction or new-to-you home, your North Houston Realtor can help guide you through the process. With your Realtor’s insider knowledge, rest assured you’ll find the perfect home for your needs and budget.

Whether you’re settling into an established home in Kingwood or building your dream home in Towne Lake, the process will be a smooth experience when guided by a North Houston Realtor.