New Construction or An Older Home: Which Is Best to Buy?

by Jacqui Zuzgo 11/22/2020

Image by MITCH WRIGHT from Pixabay

If you thought we'd answer "It all depends" you're absolutely right. So, lets take a look at the upsides and challenges of old and new homes.

Buying an Older Home or Condo

If you fall in love with an older home or condo, your real estate professional will guide you through the inspection process and help you estimate your costs for indispensable repairs. Electrical outlets, for example, must be up to today's standards... Safety first! Request the necessary fixes as part of the sale or ask the seller to prune the asking price. 

Compare homeowner's insurance estimates and taxes before making an offer, too. A more up-to-date property might be cheaper on both counts. 

For buyers with chemical sensitivities and allergies, old homes can be attractive. There won't be as many new materials in the older home.  

And some prefer a traditional aesthetic. Some of the most beautiful and well-made homes are older homes. As long as you have the home thoroughly inspected, and a plan to handle the needed upgrades, a home with history and character can be yours to enjoy for many years to come. 

Buying a Newer Home or Condo

New homes are made with state-of-the-art materials. They're usually energy-efficient. So are their appliances. Expect lower electricity bills with a newer house. 

For buyers considering condos or townhomes, monthly homeowners' association fees are often at their most reasonable when the property is of recent vintage. 

New homes are becoming increasingly safe and supportive, thanks to new technology. Smart homes can be a little pricier – perhaps 5% more than a traditional residence. Highly desirable technology could add as much as 10% to the price, but rarely more. 

Smart Home Technologies: Evolving From Options to Standard Features 

Across age groups, buyers appreciate smart home lighting and thermostat systems, as well as high-tech AC and kitchen appliances. Owners like security systems hard-wired into the home, and video doorbells. Devices that show visitors at the door and alert the owner if someone's on the porch are big draws in the era of home grocery and package delivery. 

So, be on the lookout for smart technology when touring houses and condo properties. A special mention goes to the innovations that make greater independence possible for homebuyers. New features include a wide range of security sensors, and devices that notify homeowners of medication times or help visually impaired people navigate daily errands, desires and needs. 

Need Support Finding Your Perfect Home?

Let us know! With an expert real estate professional on your side, your home can have the character and features you value. You'll also have support in negotiating a price. And that can help you update a new-to-you home just as you wish. 

About the Author
Author

Jacqui Zuzgo

I have been a REALTOR® in Massachusetts since 1984 and hold both a salesman and broker license. I am currently affiliated with Five College REALTORS® located at 190 University Drive, Amherst, MA. Over my career, I have consistently been a Top Producer in the Pioneer Valley and have gained a reputation for being a strong-minded, no-nonsense negotiator in the industry. I also frequently rank highly on Boston’s Top 20 for sales in Western Massachusetts. Some of my best qualities include my listening and communication skills. I have time and again proven to work well under pressure with exceptional attention to detail. My commitment to my clients and professionalism is obvious in every transaction.

Representing both buyers and sellers in Hampshire and Franklin Counties, as well as assisting in relocations throughout the United States and globally has helped me embrace the need for quality performance and develop an acute and sincere sensitivity to people's needs. Honing in on what matters most is almost a sixth sense. Communication and awareness of the situation at hand produce a final result that has undoubtedly led to the large referral business I maintain.

Education has been a theme throughout my 30 years of experience. Well versed in technology and holding key designations have proven to be assets to my performance and dedication to the Real Estate field. My never-ending enthusiasm, availability, knowledge and drive make for a seamless transaction every client, every time.

I am a native of the Pioneer Valley. I am committed to sharing all the area has to offer in making your transition, whether long distance or short, a satisfying experience.

Education:

  • University of Massachusetts, Amherst - Bachelor of Science 1983
  • Top Individual Seller for Residential Sales in the Pioneer Valley since 2006.
  • #1#1 Realtor in the entire Franklin/Hampshire Counties for Millions Sold since 1999.
  • Highest producer in sales since 2004 in Franklin/Hampshire Counties.
  • ABR®– Accredited Buyer's Representative
  • CRS – Certified Residential Specialist (only 3% of REALTORS® hold a CRS)
  • e-PRO – Digital Marketing, Certified e-PRO Realtor®
  • GRI – Graduate, Realtors® Institute
  • SRES– Seniors Real Estate Specialist®

Biographical Highlights:

Life long, active member of the community, born & raised in the Pioneer Valley. Graduate of University of Massachusetts, Amherst, BS 1983.

Current Committee Involvement:

Member of the local Chamber of Commerce - Post Board of Director's member Volunteer for the Road to Recovery.

Greenfield Community College Foundation Board Member 

Greenfield Savings Bank Corporator

MLS Professional Standards Committee Member

Have a question for Jacqui? Jacqui's email: [email protected]