As the market continues to bounce back, more and more home buyers are wondering whether to buy a new home or buy a used, resale home. While both have unique attributes, buying a new home has many more benefits than buying a used home.
A considerable advantage of a new home is minimizing or eliminating remodeling and replacements costs. Used homes tend to come with some maintenance costs and problem areas such as a damaged roof. Shingled roofs last about 25 years on average, and replacement costs can start around $5,000 and rapidly go up from there. Furthermore, replacing a roof can be a long and difficult process. Since roofing is such a vital part of a home, research is necessary to find a solid company with a good reputation to do quality replacement work. All the time and money spent on finding and hiring a roofing company could be spent on buying a brand new home, which eliminates all hassles as well.
Another issue with a used home is the lack of freedom of choice in style and interior design features. Imagine walking into a house and loving everything except the kitchen. Small price to pay for good location, size and price, one might think, right? Well, to remodel a kitchen, buyers can expect costs ranging from $20,000 to as much as $40,000.
Other replacement and upgrade costs include flooring, master bath remodeling or maybe a furnace upgrade. Flooring replacement costs can start at $3,000 and range all the way up to $15,000, depending on your style choices. Master bathroom remodeling projects tend to be popular with used homes, but these can cost $15,000 or more! Furnaces are an important part of a home and an upgrade tends to be necessary with older homes. Outdated furnaces can be a safety hazard and a detriment to energy costs as well as the environment. A new air conditioning unit costs $5,000 and a new furnace starts at $4,000 and goes up from there.
Now, imagine all of those costs combined: upgrades, replacements, remodeling. Now imagine instead of spending the time, money and headaches it would take to do all of these projects, put all of that extra money towards a new home! Wow! What a relief that would feel like.
What’s the best part of all of this information? Keystone Custom Homes offers new, energy efficient homes in 44 communities throughout Lancaster, York, Cumberland, Dauphin, Berks, Chester, and Lebanon Counties, as well as the Harrisburg area in Pennsylvania and Northeast Maryland. Enjoy this infographic and visit our website for more information about a Keystone Custom Home.