The housing market has certainly picked up, and interest rates remain low. If you’re ready to move to a new home, now is still a great time to buy. The first choice is whether you want to purchase an existing home (resale) or a new one. Each option has advantages. So, let’s take a look at new home or resale, so you can determine which is the better home choice for you. A resale can seem like the less expensive choice. I’ve heard people say, “I can get more home for my money.” While that might be true (emphasis on “might”), be sure you know what you’re getting.

• Will the home require a new roof or HVAC in the near future? A roof and furnace typically last 20 years, and an air conditioning system’s life expectancy is about 15 years.
• Are the windows energy efficient?
• Is the wiring up-to-date for your electronic needs?
• Is the home’s insulation sufficient?
• How much renovation will be required to make it the home you want?
• Are the appliances in good shape and still under warranty?
• Will the resale value (including the neighborhood) hold strong or (preferably) increase?

If it’s move-in ready and seems to be in good shape—and a building inspection should tell you—a resale home could be the right choice. Now, let’s look at the advantages of a new home.

• You can customize it to be move-in ready. No renovations, remodeling, painting, or makeovers are required.
• The structure, systems, and appliances are warrantied.
• The home is built to be energy-efficient, according to today’s more stringent standards.
• New homes have better air filtration systems, which provides better air quality.
• Wiring is designed to accommodate more sophisticated electronics.

Before you make your decision, add up the costs you will incur on making your resale home as ideal as a new home that’s customized to your wishes. If you’re looking in the Oklahoma City area, please talk to us at Authentic Custom Homes to get more information about the home you could have!