ChristopherG
Senior HTF Member
- Joined
- Jul 16, 2003
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- Chris
Well there is potentially remodeling costs but maybe not depending on the existing home you might buy. To me the biggest issue of new build (we bought our current home new 10 years ago) is all the other "stuff" you will want like a deck/patio/landscaping/gardens/shed/etc. These items are expensive and unless you build them into the loan of the new build (which drives up your payment) than it will often take years for you to add that to your home. There are homes in my development that still have no deck/patio or any outdoor living space whatsoever, over a decade later . So if you really are careful in choosing a pre-existing home I still think in the long run you will get a better deal. Not to even mention all the other things you need in a new home - window treatments, ceiling fans, painted walls, garage door openers, washer/dryer - many times these all convey with an existing home purchase.
Just some thoughts, ymmv.
Just some thoughts, ymmv.