Once upon a time, back in 2016, 36.6 percent of Americans rented their homes. The narrative is different today as more people are leaving the rental market and becoming new homeowners.
As rent becomes progressively more expensive each year, more people are disillusioned about renting their place. A lot of people work to make money to pay for their rent, but at the end of the day, the home they’re paying for is still technically not theirs.
In shopping for your new home, choosing between a newly built house and a pre-existing one is one of the biggest decisions you would have to make. If you want some help deciding on which type of house to choose, keep reading this article, and it might clear things out for you.
Any home will require a certain amount of maintenance to keep everything in working order. The type of home, however, dictates how much care your property needs.
Pre-existing homes are often older and use older fixtures and building materials. Some may look aesthetically pleasing, but they tend to develop issues that may pile up the repair bills. In the end, you might even have to change all the furnishings, and that would be a new kind of headache altogether.
New custom homes don’t come with the maintenance issues that pre-existing homes have. If you’re working with experienced custom home builders, you won’t be thinking about repair and maintenance bills for years to come.
As new homeowners, you need to monitor your expenses to ensure that you are on top of your home payments. One way to save money is using energy-efficient materials so that you won’t have to pay an exorbitant amount for your energy bills.
Older houses rarely utilize energy-efficient materials. They usually use old building materials that lack the technology needed to help you save on energy costs. Sure, you can flip a home and make it more energy-efficient. However, that will hit your pocketbook hard.
Today’s technology allows new homes to be more energy-efficient without breaking the bank. Not only will you be saving money on your energy bills, but you will also be saving yourself from the horrors of trying to convert an old house into a more energy-efficient one.
Building codes are placed to keep structures safe for people using them. With the introduction of new technologies, techniques, and materials, building codes tend to change a lot.
An older home may have been up to code during its time, but it’s possible that it no longer has that distinction. Not being in line with the rules doesn’t automatically mean unsafe; it just proves that it isn’t as secure as it should be.
New home constructions strictly abide by the current building codes. This means that you don’t need to think about updating anything any time soon to keep you safe in your home.
Some people find joy in flipping a home and creating it to fit their style and needs. However, most homeowners want a move-in-ready home, allowing them to start their lives as new homeowners.
If you’re someone who likes flipping homes and you have the resources to do it, then a pre-existing home may be the one for you. Otherwise, you might want to go with a newly constructed one.
It doesn’t matter if it’s a simple or a luxury custom home—you decide what house you want and work with an experienced builder to make it happen. The best thing is that after everything is built, you’re ready to move in it.
Both pre-existing homes and newly built ones have their advantages. This article presented four things that you can consider in deciding, but ultimately, your choice depends on what you need in a home, what you want your home to be, and how much budget you have. Happy house hunting!
If you’re looking for the best home builders in Indiana to bring your dream home to life, then Duke Homes can help you. With over thirty years of experience building custom homes, you can trust that we are the right people for the job. Contact us today!