Finding a new home has become a competitive sport in recent years, but the metro Atlanta region still has a lot of houses coming on the market every day, although supply is down and demand is up. If you’re looking for a new home, you probably already have a list of essential characteristics you cannot live without. There may be a few “nice to haves” that you don’t need, but that would be good. But do you already have a new house, and do you have a certain age in mind?
Many folks looking through the for-sale ads have their hearts set on a recently built home with all the newest amenities and fashions. On the other side, many folks also look for an excellent deal on a remodeled 1920s farmhouse or mid-century cottage. Most purchasers have already decided on the approximate age of the property they want and are looking for one. They prefer older homes with character and history in established neighborhoods over newer homes, which are frequently tailored to their precise requirements. You might need to reevaluate the age of the property you’re looking for in this seller’s market to locate one that works well for your family.
In Atlanta, Georgia, newly built and older houses are for sale. Home purchasers may struggle to decide between these two.
The Benefits of Choosing older homes
- Existing homes are more affordable than new construction.
According to national estimates, the median price of an existing home is USD 265,600, while the price of a new home is USD 319,200. Savings of up to USD 53,600, or roughly 20%, resulting from this. Furthermore, established residences offer more wiggle space. On the other hand, newly built homes closely mirror market pricing.
- More Charm:
Perfection can feel sterile. Older homes feature character. The tiles are just a little faded. The bricks hold that old-school style, and hardwood floors sport minor scuffs. In other words, the house has lived, which appeals to folks who value history over blank slates. Older houses can feature hard-to-find details, like plaster molding, coal-burning fireplace mantles, and stained glass, which new construction rarely offers.
- Mature Trees:
Older homes frequently have mature trees on their sites, which shield them from strong winds and offer shade, resulting in cheaper summer and winter power costs. According to evaluation studies, mature trees may raise a home’s value by up to 20% while also being aesthetically pleasing. Mature trees in your neighbor’s yard can help you sell your property faster and spend less time on the market.
- Older homes occupy larger lots.
Existing homes are constructed on larger parcels of land, especially those somewhat far from metropolitan areas.
- Older properties have a proven track record.
An existing home provides more tangible proof of its position in the real estate market from an investor’s perspective. Because property rises in value over time, owning a larger piece of land already provides you a considerable financial advantage.
- Existing properties belong in more established neighborhoods
You know what to anticipate when you purchase a property in an established area. Before you finalize the sale, you must determine whether the neighborhood’s way of life, amenities, and attractions will fit you.
The Benefits Of Choosing New Construction
- In the near run, maintenance and repairs are less expensive for new construction.
Newly constructed homes have all-new construction, fixtures, and appliances. Additionally, you benefit from new warranty conditions. Therefore, the builder’s guarantee will pay for any maintenance or repairs required in the first few months.
- Homes being built today are built for long-term energy and financial efficiency.
New construction may justify more extraordinary price tags by providing homeowners with a more affordable long-term cost of ownership. Modern building techniques and materials enable designers and builders to employ open interior layouts and centralized heating and cooling systems. This method generates living areas that enhance heat and energy flow throughout the house. Generally speaking, newer homes are more polished than older ones. Many new houses come complete with energy-saving insulation, windows, and HVAC systems, which reduce electricity costs and improve comfort.
- Modern construction offers large living spaces with creative storage.
Even while contemporary houses are more compact and have smaller lots, they make up for this with larger living areas, open floor plans, tall ceilings, and oversized windows. The addition of modern storage conveniences is the ideal complement to this house plan.
- There are incentives for builders for new development.
When you purchase a home under construction, the builder offers incentives. With your builder or seller, you can make a deal to include name-brand fixtures or appliances. Even if you cannot negotiate a lower asking price, this amounts to better value for your money.
- Many home builders allow customers to alter new buildings by enlarging bedrooms or adding bathrooms. Finishing often includes selecting upgraded cabinets, granite countertops, and hardwood flooring. Making a house uniquely yours doesn’t come cheap, and most custom finishes cost more than the norm.
- In the first two years after construction, your property tax bill will probably be less than it would be for older structures. That’s because tax payments are calculated based on the assessment from the prior year when your new property was probably simply a vacant lot. You’ll save money while waiting the one or two years it takes for the assessment to catch up to the value of new development.
Atlanta Home Inspection
You would want a home inspection when purchasing an existing home. Naturally, you would conduct your due diligence on its condition before committing to buy it at a specific price.
Should you obtain a new construction home inspection? It may not seem evident when you’re purchasing a brand-new home. Why would you even need one when everything is in brand-new condition and, in some circumstances, was created specifically for you, maybe even with your input? If you plan to purchase a new home soon, it can seem to have one inspected before you purchase it. However, whether a new house is being built or not, when purchasing one,
In certain instances, contractors work too quickly. They might only use the bare minimum of code while building. Additionally, businesses typically subcontract tasks to a broad range of suppliers whose expertise and diligence may differ significantly. In addition to all of that, errors might occasionally simply happen. The primary lesson here is that purchasers shouldn’t believe their new home will be faultless because it is brand new.
Let’s look at some of the typical issues that newly constructed houses may have and the places that an inspector should explicitly intend to search as part of the thorough procedure.
What could go wrong?
Common outdoor issues include:
- Improperly installed siding
- Decks and patios with gaps and cracks
- cracked sidewalks and driveways
- drainage and grading problems.
Indoors, you might find:
- Gaps in the drywall
- Popped nails
- Truss ascend
- Moisture levels within the house
- water problems
- floor problems
- staying sealed doors
- Appliances, frequently the last to be installed, should also be checked for proper installation.
Consider a Second Inspection
Another thing to consider is getting a second house inspection before the builder’s warranty expires. Construction companies typically provide a warranty that covers any issues with your freshly built home for the first year. Before the warranty expires, you can ask for a home inspection to confirm that any repairs were performed by the builder and not by you.
Where to get a home inspector near you?
Ramael Wilson, an Atlanta, Georgia-licensed and insured home inspector, is the owner and operator of Crimson Home Inspection. After your inspection, don’t hesitate to contact them if you have any questions or concerns. They are available to assist you anytime. They provide a 90-day Warranty and stand by my work.
Contact : 4042007743
Even if there are numerous distinctions between ancient and modern homes, the most important thing is to select the one that best suits your requirements and tastes. A trend that will guide you toward either a freshly built house with all of the newest in technology and contemporary amenities or recognizing the value in an older home will start to emerge as you make your list of must-haves and must-avoids in a home and area. Even in today’s market, compromises are sometimes unavoidable, but fortunately, there are numerous methods to transform any house into your ideal home. Regardless of whatever type of property you choose to purchase, a home inspection is essential. So you should contact Crimson Home Inspections since they do home inspections for both new and old properties.