There are a lot of shows that emphasize the beneficial qualities of properties that are considered fixer-uppers. But when it comes to real-life people, you’ll find that most prospective homeowners aren’t going to be spending money on these types of properties. AS you’ll come to find out, there are plenty of reasons why this is often the best choice for them. Here are five reasons homebuyers prefer new construction homes over fixer-uppers.
1. Fixer-Uppers Can Be More Costly Than Initially Anticipated
The main appeal of fixer-uppers is that you’re saving money by buying a cheaper property and fixing it up yourself. But while you can estimate how much you might save, you won’t always be correct. Some fixer-uppers are so damaged that the amount it takes to repair them far exceeds initial projections. With a new home, homeowners don’t have to worry about any of that.
2. New Homes Are Move-in Ready
The last thing homeowners want to do when they get a new property is spend months trying to get it ready so they can actually move into it. This is especially true if they don’t have the money needed to maintain a separate living situation while they manage repairs and renovations. Purchasing a new home guarantees that they have a move-in-ready property awaiting them once they finalize ownership.
3. They Don’t Have to Deal With Outdated Systems
Some people love the character of older homes, even when they’re fixer-uppers. The problem with these homes, despite their unique character, is all the outdated systems contained therein. From old plumbing that could be a source of health problems to old electrical systems that could result in house fires, there are many hazards in older homes. New homes are designed with modern solutions and safety protocols in mind. Homeowners won’t have to worry about having to address issues that pose a risk to their health and safety in a new home due to outdated systems.
4. New Homes Boast Modern Designs and Amenities
Having to fix up a home can present numerous limitations. For example, your budget may prevent you from pursuing certain designs you love or investing in appliances and amenities that you want in your home. When you purchase a newly constructed home, you’re getting a home that comes with all of the modern design elements and amenities you enjoy built into the property. Why spend money to settle when you can save money and get exactly what you want? This is exactly why homeowners go for new homes instead.
5. They Receive Affordable Properties That Won’t Need Immediate Maintenance
You might think that new homes are out of your price range. However, many new homes rival the prices of older homes on the market. More than that, homeowners recognize that buying a new home will save them money as they won’t have to spend money on maintenance right away. They have a sizeable chunk of time before they have to worry about repairing and replacing things.
If you’re stuck between buying a fixer-upper and a new home, consider the points above to help you make your decision.