If you're hesitant to buy a home due to worries about upkeep, here's some valuable information about both new home construction and existing homes.

Newly Built Homes Require Less Upfront Maintenance

If you can afford it, a newly built home might alleviate your concerns about maintenance costs. Everything in the house is brand new, reducing the likelihood of immediate repairs. LendingTree highlights:

“Since the systems, appliances, roof, and foundation are new, you’re less likely to pay for major or minor repairs within the first few years of homeownership. That can make a big difference for first-time homebuyers who are adjusting to owning rather than renting.”

Moreover, many builders offer warranties on their homes covering major expenses that might arise. As First American notes:

“The new systems in your home, like plumbing, electrical, and HVAC, are typically covered for one to two years by your builder’s warranty. When something happens to these systems, you contact the builder or their warranty company.”

Existing Homes Also Offer Valuable Benefits

It's not just newly built homes that can come with warranties—existing homes can too. Your agent might negotiate with the seller to include a home warranty as a contract concession. If the seller isn't willing, you can purchase one yourself. Forbes explains:

“During a real estate transaction, a home warranty policy can be purchased by the buyer or the seller.”

MarketWatch adds:

“A buyer’s home warranty benefits both buyers and sellers, as it helps the seller close the deal while providing the future homeowner with peace of mind that they’ll be covered if a system or appliance breaks down. Sometimes, a seller will pay for the first year of the home buyer’s warranty to sweeten the deal, but it depends on the real estate market.”

If you’re interested in a home warranty for added peace of mind, your agent can negotiate on your behalf to see if a seller would cover one. The likelihood of a seller including a warranty depends on your local market conditions.

Deciding Between New and Existing Homes

While new construction offers the perk of less upfront maintenance, existing homes provide unique character and charm that new homes can't replicate. Older homes often come with established landscaping and a well-developed sense of community, making them feel more inviting. On the other hand, new construction might require you to wait for the home to be completed.

Ultimately, whether you choose a newly built or an existing home, you can ease some of your maintenance concerns with a home warranty. To explore your options and determine what’s most important for you, consult with real estate professionals.

Bottom Line

Both new and existing homes offer unique advantages. To decide which is best for you and address maintenance concerns, consider discussing home warranties and your priorities with a trusted real estate agent. Send us a message today.