Friday, March 15, 2013

Home shopping: Should you buy new?

http://money.cnn.com/2013/03/01/real_estate/home-buying.moneymag/

An untouched abode offers advantages, of course, such as a sleek modern layout and few repairs. Buying an existing home, however, may allow you to seal the deal faster and can offer better short-term price appreciation. All else being equal, new structures typically command 10% to 15% premiums over similar existing places. You're unlikely to be making an equal comparison, however. New construction on average is 30% to 40% more efficient than existing homes. 

1 comment:

  1. Buying an existing home, however, may allow you to seal the deal faster and can offer better short-term price appreciation.
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