Whether you’re a first-time buyer thirsting for knowledge or a resale homeowner eager to learn more about newly built homes, it’s best to start with an understanding of the differences between a new construction home (for our purposes, a new home) and a previously-owned or resale home.
You can define these properties based on how they differ in four key areas: Construction quality, cost of ownership, design preferences, and energy efficiency. Let’s take a closer look.
Quality of construction is the number one attribute for homebuyers when they’re ready to purchase a home. New homes today are built with state-of-the-art products, techniques, and materials that must meet the latest building codes enacted by states and localities.
Low Cost of Ownership is another important consideration. New homes are built in accordance with the latest building codes and regulations, often including new technologies and energy efficiencies, which result in lower utility bills and saving more money over time.