When it comes to buying a house, there are several factors to consider like location, price, size and even the friendliness of the neighbors. If you’re ready to purchase a home, you’ll also want to think about whether a new construction or existing home is the right fit for you.
Although interest in newly built homes surged in 2020, with homebuyers’ preferences of modern appliances and energy efficiency, older homes certainly offer their own advantages as well, such as centralized locations, established neighborhoods and lower prices. So, who will win the battle between new home vs. old home? Read on or skip to our infographic to help you decide.
Is it better to buy an old house or a new house?
When it comes to which property type is best, there’s no short answer. The decision to buy a new house or old house will depend on the homebuyer’s own lifestyle and financial needs. To help make this decision easier, we’ve shared pros and cons to consider before buying each type of property below.