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New Homes vs Existing Homes

Posted on July 3, 2014

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Congratulations – You have decided to buy real estate in Destin! Before you start your search, it is important to ask yourself what kind of home you would prefer to buy. Sure, this can range from condos and single-family homes, but has the subject of a newly constructed model home versus a previously-lived-in home come up?

According to a survey conducted by Trulia, twice as many people preferred new homes to existing. The reasons are obvious too, newer homes offer modern features, customization and generally cost less in maintenance and repairs.

However, preference is one thing, capability is another. Newer homes tend to cost 50% more than existing homes according to the National Association of Realtors. Price is not the only advantage to buying an older home. Older homes tend to offer more traditional features such as wood floors and other ornate details, and are generally placed in established neighborhoods.

In the end, there are advantages to both newly constructed homes and previously owned ones. Ultimately, it is just a matter of personal preference. The good news is that as the Florida Housing Market continues to recover, buyers will have more purchasable options of both types of real estate.

To find your perfect home, search the entire Emerald Coast MLS online or contact Brad Shoults today at 850.269.9999.

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