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"Why Buying an Existing Home May Be a Better Choice: Location, Price, and Character"

Buying a home is a big decision and one that should be carefully considered. While new construction homes may seem appealing, there are a number of reasons why buying an existing home may be the better choice.

  1. Location: Existing homes are often located in established neighborhoods, which means that they are often situated in more desirable areas with established amenities such as schools, shopping, and public transportation. New construction homes, on the other hand, are often built on the outskirts of town or in less desirable areas.

  1. Price: Existing homes are often more affordable than new construction homes. This is because new construction homes come with a premium price tag, which includes the cost of the land, materials, and labor. Additionally, new construction homes may also require additional costs such as closing costs, property taxes, and homeowner's insurance.

  2. Customization: Existing homes often have more character and can be customized to fit your needs and preferences. New construction homes are often built with a one-size-fits-all approach, which may not meet your specific needs or preferences.

  3. Resale value: Existing homes have a proven track record when it comes to resale value. You can research the area and see how similar homes have appreciated over time. New construction homes can be harder to gauge as they haven't yet had a chance to establish a track record.

  4. Immediate Move-in: While buying a new construction home means you'll have to wait for it to be built, buying an existing home means you can move in as soon as the closing is finished. This can be especially important if you're relocating for a job or other reasons that require a quick move.

  5. Landscaping and mature trees: In most cases, existing homes come with mature trees and landscaping, which could add value to the property and also be beneficial for the environment. While new construction homes may come with landscaping, it will take time for the trees and plants to grow and mature.

In conclusion, while new construction homes may have their appeal, there are many reasons why buying an existing home may be the better choice. From location and price to customization and resale value, existing homes offer a number of advantages that new construction homes simply can't match.

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Content by McGrail Team Lincoln Realtors

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