Health & Fitness
Encinitas Homes for Sale: Buying Old Vs. Buying New
When you are looking to purchase Encinitas homes for sale it is imperative that you understand the assets and liabilities of purchasing an existing home or a newly built home.
Benefits of Buying Existing Homes
Typically, there are several benefits to purchasing existing homes. Some of these benefits include:
- Location in developed communities with mature landscapes.
- Typically less expensive when compared to new home of the same size.
- Often more land in metropolitan areas than available with newer homes.
- As property values tend to be higher on newer homes, property taxes are often lower on existing homes.
Benefits of Buying a New Home
Some of the liabilities of owning an existing home are also reasons to consider buying a new home.- There will be less maintenance and repair to worry about on a new home when compared to an existing home. Most builders will offer a year long warranty to cover any initial issues.
- You may be able to get some financing perks through a builder that might not be available through other lenders.
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