New Vs Used

New Home Advantages

  • Excitement of "building your home"
  • Current floor plans, architectural concepts and conveniences
  • Make your own design and color selections
  • New kitchen with modern appliances
  • Built to current building requirements and local codes
  • Energy Efficiency - LS Homes must meet strict efficiency guidelines. LS homes are quieter, have lower utility bills and help protect the environment by reducing greenhouse gas emissions.
  • Will require less maintenance and fewer repairs
  • Builder warranties and various manufacturer/supplier warranties
  • For the first five years, values in new neighborhoods rise more rapidly than older ones

Used Home Disadvantages

  • Additional money may be needed to assume loans or cover closing costs
  • Older housing does not often meet today's lifestyle requirements
  • Living with someone else's decisions/tastes
  • Older, outdated kitchens
  • May not be built to current building requirements and local codes
  • An older home often needs more repairs and hidden defects frequently are not uncovered until after purchase is complete. Older homes are energy inefficient typically with substantial energy leakage, poor air quality and much higher utility bills.
  • For the first five years, values in new neighborhoods rise more rapidly than older ones