Where Will You Go After You Sell?

According to Keeping Current Matters if you're considering selling your house and looking for a new one, you'll be pleased to know the market has evolved. The availability of homes, including newly built ones, has increased significantly this year, offering more choices for potential buyers.

Deciding between a newly built home and an existing one boils down to personal preference and priorities. Newly built homes offer the allure of untouched appliances and materials, energy-efficient designs to reduce costs and environmental impact, minimal repair needs thanks to builder warranties, and potential financial incentives from builders eager to sell their current inventory. Interestingly, the current median price for new homes has dipped below that of existing homes, a rare market shift highlighted by Ralph McLaughlin, Senior Economist at Realtor.com: "Homebuyers seeking that 'new-home smell' may find themselves in a friendlier market than in the past, where new homes typically commanded a premium."

On the other hand, existing homes bring their own set of advantages. They're nestled in established neighborhoods allowing you to get a sense of the community pre-move, and they offer a wider variety of architectural styles and floor plans. There's a unique charm in these homes, accentuated by mature landscapes that provide instant curb appeal and privacy.

Both options present opportunities to add value over time. An existing home can be upgraded to include modern amenities, combining historical charm with contemporary convenience—potentially boosting its resale value significantly, as noted by LendingTree.

Curious about what's on the market? A knowledgeable real estate agent can guide you through local listings, helping you weigh the benefits of new versus existing homes based on your needs and preferences.

Ultimately, whether you opt for a brand-new home or an existing one, it's crucial to stay informed and utilize Indigo Skye Group advice to navigate today's diverse housing market.

Source: keepingcurrentmatters.com