Old versus New Homes

Dated: December 4 2012

Views: 2580

According to Realtor Magazine, a recent study examining consumer purchases found that home buyers prefer existing homes over new homes, but that many will still consider a new home offered by a builder.

Seventy-five percent of buyers surveyed said that they are considering buying an existing home compared to twenty percent who say they want to buy a new home. Five percent say they have no preference whether the home is "old" or "new".

For home shoppers that prefer existing homes, they tend to prefer mature landscaping, bigger lots, and a sense of community that they feel existing resales offer. Some reported that more established neighborhoods of existing subdivisions tended to have a "warmer inviting feel" to them, "better constructed", and "better privacy, homes are not on top of each other and of the cookie cutter variety".

On the other hand, home buyers who prefer new homes tend to view them as more energy efficient; they can customize new homes to their needs better; they have lower maintenance costs. Those that prefer new homes say that newer homes offer more living space, but that tends to come at the expense of smaller yards and lot sizes.

Which do you prefer? I would be glad to discuss your options with you at your convenience. I can be reached at david@exitwestrealty.com

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David McKay

I have been with Exit West Realty since 2010 and prior to that have had 14 years of sales experience. I have a BBA and an MBA from the University of Texas at El Paso and have lived in El Paso all my l....

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