Building a New Home Vs Buying an Existing Home

If you are like many potential homebuyers, you consider all the pros and cons of building a new home against the purchase of existing homes. If you are working with a contractor, they can point to some things that may not be apparent to purchase an existing home. If not, buyers Beware – There are many things that will be included in the purchase of your home that you might not expect.

Here are the top six things you should consider when building a new chief against buying an existing home:

1) from building materials: There was a time when houses were built with paint containing lead, asbestos siding, and many other materials that are now considered toxic. While many homebuyers are aware of the risks associated with homes built before 1970, there are still risks for the purchase of new homes because of substandard materials and construction practices. For example, you know, the advantages of cellulose insulation over fiberglass? Do you know the practice of adequate capacity to ensure the highest possible indoor air quality? Probably not, but your Maine building contractor should be.

2) Security & coding issues: There are many features of older homes that do not meet current building codes, but to pass inspection because they were grandfathered in. For example, stairs may be too steep for children or aging adults, kitchens and bathrooms are not properly read ventilated, and much more. These problems range from minor to disastrous, but it affects the quality of life in your home and you can add to the high costs of renovation in the long term.

3) Inefficient energy: Because building codes and practices changed so much over the past few years, many houses that a few years is not as effective as the energy of new homes. On average, energy costs at Energy Star Rated home, up to 30% less than a traditional house – an annual savings of $ 800 – $ 1200 per year!

4) the property sold “as is:” As long as there is property the seller’s disclosure to alert you to major defects with the existing home that all these minor (but incredibly annoying) things? You know, like a crane, which has a slow drip, doors that stick in the summer, and dozens of other “little things” that can add up to big headache in the long term. In addition, older comes home with older systems and devices that are no longer under warranty, which are costly to replace when they suddenly go.

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