We've already discussed the benefits of building your own home, but what about the benefits of buying a previously owned home? There are plenty and maybe, depending on your situation, buying a home that was once owned by someone else may be perfect for you.
Buying a previously owned home is cheaper than building from the ground up and customizing every detail of your new home. According to bankrate.com, "existing homes are usually less expensive per square foot, in part because of escalating land costs in new subdivisions." For more information on why the cost can be a factor in your advantage for a previously owned home, read the Bankrate article here.
It's move-in ready!
With a new home, you'll be working your tail off to get the grass green, the flowers blooming and the trees to bud. With a previously owned home, these are usually already done for you. To sell a house, the owner has to make sure the yard looks like it is in tip-top shape. You'll be able to move in and relax, instead of working all weekend on the yard.
If you're buying a pre-owned home, you'll be able to negotiate with the previous owners and agents to possibly get an extended warranty on some parts of the home, or all parts of the home. This can certainly work to your advantage.
When you buy a new home, you're usually dropping a pretty penny to get all the appliances you want for your kitchen. That sleek black refrigerator and matching stove can put a dent in your budget. If you decide to buy a pre-owned home, though, your appliances are already installed and working. Your wallet thanks you.
Cost
Buying a previously owned home is cheaper than building from the ground up and customizing every detail of your new home. According to bankrate.com, "existing homes are usually less expensive per square foot, in part because of escalating land costs in new subdivisions." For more information on why the cost can be a factor in your advantage for a previously owned home, read the Bankrate article here.
It's move-in ready!
With a home you're building, you'll be waiting until every last detail is perfect until you can move in. This can take months, sometimes even years, if you're really trying to perfect your new home. With a previously owned home, the wait is already over. Your new home is more than likely very close to being ready to move in.
The yard
With a new home, you'll be working your tail off to get the grass green, the flowers blooming and the trees to bud. With a previously owned home, these are usually already done for you. To sell a house, the owner has to make sure the yard looks like it is in tip-top shape. You'll be able to move in and relax, instead of working all weekend on the yard.
Warranty
If you're buying a pre-owned home, you'll be able to negotiate with the previous owners and agents to possibly get an extended warranty on some parts of the home, or all parts of the home. This can certainly work to your advantage.
Save on appliances
When you buy a new home, you're usually dropping a pretty penny to get all the appliances you want for your kitchen. That sleek black refrigerator and matching stove can put a dent in your budget. If you decide to buy a pre-owned home, though, your appliances are already installed and working. Your wallet thanks you.
What do you think are some of the benefits of buying a pre-owned home? Let us know in the comment section below.
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