New Construction vs
- By Jim Blackburn
- on
- 100 first time home buyer FAQs
1. The Perks (and Price) of New Construction
New builds offer:
- Modern layouts and finishes
- Energy-efficient systems and appliances
- Customization options (flooring, cabinets, paint colors)
They’re perfect if you want a move-in ready home with zero surprises. However, new construction can come with a higher price tag and longer timeline—you might wait several months before you can move in, especially in competitive markets.
2. The Charm (and Challenges) of Existing Homes
Existing homes usually come with:
- Established neighborhoods and mature trees
- Shorter move-in timelines
- Potentially lower prices or more room to negotiate
But they may also require more maintenance or updates, especially if systems like plumbing, HVAC, or roofing are aging. If you’re handy—or willing to invest in renovations—an older home can be a great opportunity to build equity.
3. It All Depends on Your Priorities
Ask yourself:
- Do I want the latest features, or am I okay upgrading over time?
- Do I need to move in quickly, or can I wait for the build to finish?
- What’s more important—customization or character?
At the end of the day, both new and existing homes can be great choices. The best one is the one that fits your vision, timeline, and budget.
Need Help Choosing Between New and Existing Homes?
Download our free “First-Time Buyer Game Plan” eBook — includes a comparison checklist to help you decide
Chat live now to ask about new construction financing or renovation-friendly loans
Schedule a call with a Stairway Mortgage advisor to talk through your goals and budget
At Stairway Mortgage, we help you make smart choices based on your future, not just the listing.
Let’s find the right fit—new or seasoned.
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