Resale home vs. new construction is a debate that Bend Oregon Real Estate agents have been waging for years and this debate has grown hotter over the last year thanks to the improving Bend Oregon Real Estate market that has seen home values skyrocket.
In this post I’m going to cover the positives and negatives of buying a new home versus resale home so that if you are Bend Oregon home buyer, and are sitting on the fence, trying to decide which option is better, you will have all information that you need to make the right decision.
There’s nothing like buying a brand new home; from a contemporary style, flexibility when it comes to the design features that you want, great warranties and new carpeting, awesome flooring and beautiful counter tops, a new Bend Oregon home can be a dream come true for many home buyers but, it also can come with costs.
Many newer homes sometimes have higher prices than older homes due to things like area amenities, construction costs and HOA dues.
With a Bend resale home it’s a different story, yes the home has been lived in for some time but, there are more opportunities for the home buyer to get into a home, at an affordable price, because there are repairs that need to be made to the home and the home buyer will have room to negotiate.
A resale home can also be a better opportunity for a home buyer than a new home because, the resale home will be in a neighborhood that’s established and near great amenities that have been established for years likes: neighborhood parks, schools, shopping, restaurants and more.
Although resale homes can be great, especially for first time home buyers, they also do present risks for the home buyer like: smaller rooms in older homes, dated fixtures, lack of central heating/air and ongoing maintenance for areas of the home that are in bad need of repair.
Home Buying Choices
Which choice should you make? New vs. resale Bend Oregon home? The answer that you have should depend on your budget, down payment and where you’re currently at in life. Maybe you will want to buy a used Bend Oregon home now, live in it for a few years, then sell or rent it out, and buy a new home in the future.
Whatever you decide, make sure that you have a Real Estate agent that you can trust who knows the area Real Estate market and can help you find the home of your dreams.
To learn more about home buying choices or to view the latest homes for sale in Bend contact me today by calling me at (541) 383-1426.