You have a lot of choices when you decide to buy a home. Size, style, location, and features are just a few. Of course, your budget also helps you to narrow that down. The next decision is an existing home or new construction. Why buy a new home versus a resale? Blue Fern Homes wants you to understand what you’re really getting with each one.
Price versus cost
The first perceived advantage of buying a resale home is the price. It’s often less expensive than a new one. And it should be. Like anything else (except cheese and wine), a home’s value changes with age. There will be repairs and replacements needed for certain features that are reaching the end of their lifespan—like the roof, water heater, furnace, or maybe the air conditioner.
Then, think about the “cosmetic” changes you want to do to make this home your own. A kitchen renovation can typically range from $12,000 to more than $35,000, depending on your vision and the size of the room. The bathroom? Figure an average cost between $6,000 to $13,000.
Redoing the floor, painting the walls, and updating the appliances drives up the cost of ownership. So, even though the purchase price is lower for a resale home, the actual cost is higher.
Peace of mind
Meanwhile, a new construction home gives you a truly new start. From the foundation to the roof, and everywhere in between, your home is covered by a warranty. There are no potential problems lurking behind the walls, under the floors, or up in the attic that will emerge later when you decide to renovate. The structure is built to today’s codes, with the most advanced systems and materials (at least, if you choose one built by Blue Fern Homes).
The value of energy efficiency
Did you know that a typical resale home is, on average, 30% less energy efficient than homes being built today? The U.S. Department of Energy estimates that older homes that were not built to the 2004 International Energy Conservation Code (IECC) are lacking in comparison to new construction.
Blue Fern Homes is certified to Built Green’s 4-star standards. Every home is energy efficient, exceeding Washington State Energy Code. We use eco-friendly materials and practices, so that your home conserves water and energy, while also giving you a healthy indoor environment. These products and processes have advanced over the years, so when you buy an older home, you’re also buying older technology.
If energy efficiency matters to you, a new construction home is the smarter choice.
As your search for a new home zeroes in on Seattle, contact us to learn more about our 4-star Built Greentownhomes in distinctive neighborhoods, like Queen Anne, Ballard, and Eastlake. When you’re ready to start over, start new.