Buying a new home doesn't necessarily mean buying something brand-new; there is a wide range of modern resale homes in a variety of styles and sizes, from small studio apartments to vast detached homes surrounded by large gardens.
There are many advantages in buying a modern resale home over a brand-new property, such as:
- They usually offer better value for money
- They often have a mature garden and trees
- They are usually located in an established development with a range of local shops, services and facilities already in place
- There are no 'teething troubles' usually experienced by new-build houses
- The furniture, carpet and curtains may be included in the price
- The previous owners may have made a variety of upgrades and improvements
- You are able to assess the overall quality of a development, the neighbourhood and check out your neighbours
However, there are also a number of disadvantages compared to a new-build property. This primarily depends on the age of the resale home and how well it has been maintained by its previous owners. Problems may include:
- It may be in a poor state of repair and need complete refurbishment
- It may have an inferior design and poor build quality
- There may be no warranty
- It may be lacking the benefits of a new home (central heating, double glazing) unless it has been modernised
- May have damp, rot or woodworm infestations
- May need redecorating, new carpets and curtains
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