To build or to buy a house. That's what we are talking about today and we are starting
right now! Hey everyone welcome to my channel my name is Cori. I"m a full time realtor right
here in Monmouth County, NJ with RE/MAX Central and Monmouth County Dream Homes. If this is
your first time here, WELCOME. I post new videos every monday andI talk about everything
and anything that has to do with real estate and Monmouth County. So do me a favor, go
ahead and click that subscribe button below. To build or to buy, that's the question. If
you decide to build a house here are some of the PROS. You get to live in a brand new
house that nobody else has ever lived in. before. Everything is going to be brand new,
and your'e not going to have do do a thing. Another pro, you not going to have to update
anything because everything done. It's going to be new, it's going to be modern. Another
big pro when you do buy new construction, usually you can get the builder to throw in
some incentives. You get to make choices. You get to basically pick what you want, how
you want it and where you want it. Right down to the floor plan that you want. So now let's
talk about a couple of the CONS if you're looking to buy a new house. Well one of them
is, price. They are usually much more expensive. You can probably get the same type of a house
with the same square footage for a lot less money. Another con to buying a new house is
the length of time from start to finish. Sometimes people don't want to have to wait 6 months
to a year and even then depending on where you live, like here in New Jersey, if you
are dealing with the winter months they can lose a lot of time due to weather. So you
may not know exactly when you are getting into that new home. Another big con to buying
new construction, not only can the construction get delayed a lot of times it causes people
to over spend. For example, you walk into a model home, you love the model, you love
everything about it, that's the house you want. So let's say you think you're getting
that house for $700,000. What you might not realize to get the house exactly the way house
looks like that you're standing in , that model home, it's not $700,000. By the time
you're done you're closer to $800,000. The granite, the longer cabinets, the upgraded
floors, these are all things people sometimes get "trapped" in when they are buying new
construction. Another thing to keep in mind when you are buying new construction are taxes.
The taxes are extremely high. So now let's look at the other side. Let's talk about the
pros of buying a house that's a resale. The biggest pro, in my opinion. It's just easier.
You see the house, you pretty . much know what you are getting in terms of layout, location.
There are NOT a lot of decisions to be made. You might talk about paint color and all that
stuff, but you don't have to spend so much time, making decisions, making choices and
worrying about whether or not you are going to close, because the house is already built.
Another pro is, honestly, is usually less expensive. The house is a little bit older,
and a lot of things are already there. The appliances are there, the window treatments
are there, the landscaping is there. Let's go over a few of the cons to buying an existing
house. Number 1, basically you are stuck with the layout of the house. Ugh, paint and wall
paper. Sometimes you walk into houses and you are like, "ughh what are they thinking".
Turquoise walls or wallpaper that looks like an old dress print that's gone out 50 years
ago. But you know what, those are basic things. You can change simple things like that. It
comes down to do you have the time, the energy and there is going to be a cost involved.
You might find a home you love the layout but the kitchen is so out dated. You're going
to have to update that kitchen. That can be a big expense. Is that something you are willing
to take on? The heating, the air conditioning, the major appliances in the house, they may
be older, the may need updating, another thing you have to consider do you have the patience
and the time to do all this and there is money that is involved. Those are all things you
have to figure out and weight out those options make sense for you. So that's really it. It's
pretty quick and easy. It's basically your personal choice, what your finances look like.
Is there a specific location you want. What do you have your heart set on? Do you love
this existing home that you think with a little time and money you can make it your own. Or
do you absolutely want a new build and you're willing to pay more money for it, deal with
lengthy time to get in it and possibly take on much higher taxes. So now that we talked
about the simple differences of buying or building, if you had to go out and buy a house
today, what would you do? Would you try to find an existing home, or would you go after
that new build? Comment below and let me know your reasons why you would pick either one
of those. Thank you so much for watching this week. Again, my name is Cori. I"m a realtor
here in Monmouth County, NJ with RE/MAX Central and Monmouth County Dream Homes. Thanks so
much for watching. I'll catch ya on the next one!
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