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Advantages of Buying a New Vineland Park Home vs. a Resale (existing) Vine Grove Kentucky Home

When you are considering buying a house in Vine Grove Kentucky, one of the decisions you will have to make is whether to buy a Vineland new construction home (brand new) or purchase an existing Vine Grove resale home. There are advantages and disadvantages to each choice and here are some things you may want to take into consideration when making your housing choice:

New Home Advantages:

  • If you choose to buy a newly constructed home, before the building is complete, you may be able to upgrade or make personal choices in how your home will look, such as siding, finishing materials, type of flooring (carpet, hardwood, tile etc.), cabinets, wall colors, plumbing and electrical features.
  • You can choose the Vineland Park floor plan of the home that will best suit your needs and sometimes you can even adapt the home to your specifications before it is built.
  • You can be assured that the latest building code, electrical and energy-efficiency standards will apply.
  • There is always a Vineland Park Subdivision builder's warranty included with your new real estate purchase, which can be important if you encounter any major problems with your new home purchase, such as with the plumbing or heating.
  • Vineland Park Subdivision new home builders are reputable and meet/exceed industry standards and Kentucky Housing standards.
  • There's nothing like being the first owner of a new home.

New Home Disadvantages (in general):

  • If you are buying a house in a new development, neighborhood amenities like schools or shopping centers may not be complete yet. (As of this writing Vineland Park Centre is being constructed. The plan is that it will consist of a coffee shop, sub shop and even a restaurant.)
  • If the new development is still under construction, you can encounter noise and traffic issues, as well as dust and dirt from the work going on.
  • You may have to pay extra for upgrades such as fireplaces, swimming pools or a finished basement.
  • Most new homes don't come with blinds (window coverings) or a refrigerator.

Resale Home Advantages:

  • The home will most likely be in an established neighborhood with expected amenities in place.
  • The neighborhood will most likely have mature trees and green in place.
  • The house will probably have the landscaping and fencing installed.
  • The property may have numerous upgrades already included, such as a swimming pool, garden shed or finished basement.

Resale Home Disadvantages:

  • Although it may be possible to modify the floor plan, you may have to spend extra money on renovations to get the floor plan you desire.
  • You may have to pay extra dollars to redecorate, re-landscape or renovate the existing space.
  • Maintenance costs will likely be higher than for a new house. You may have to replace the furnace, water heater, electrical, etc.
  • You would be wise to seek the help of a Vine Grove, Kentucky professional home inspector in order to ensure there are no major defects in the home, such as structural problems, roofing issues, or cracks in the foundation that may lead to a leaky basement (it's also is not a bad idea to have a new home inspected).
  • Unless the home is in "move-in condition", existing homes may need some fix-up work and that cost won't be rolled into the mortgage.

As you can see there are several pros and cons to each choice. Unlike purchasing a brand new car only to have it rapidly depreciate, both new and "used" real estate generally increase in value. Choosing to buy a new home versus an older home is never an easy decision, but if you refer to the advantages and disadvantages mentioned above, you may have an easier time in making your final decision. Many Fort Knox KY real estate buyers look at new and existing homes and don't necessarily have a preference, it usually comes down to price, location, and features. As always you can turn to your Fort Knox Kentucky Realtors for advice and specific questions.