A Guide to New Construction Homes vs. Pre-Owned Homes
Buying a home is a big decision that encompasses a combination of smaller decisions. One of them is whether you should search for new construction homes or consider pre-owned homes. There are a lot of things to think about such as costs, floor plans, timelines, and more. While each has its benefits, Pyatt Builders, a new home builder in Indianapolis, IN, is here to help explain the differences and why new construction homes are the way to go.
Are Newly Built Homes Better Than Previously Owned Homes?
New construction homes or newly built homes are homes that are brand new and have never been lived in. There are different types with varying timelines and benefits. You could purchase a to-be-built home, one that has not been constructed, where you choose the lot, floor plan, and many of the features and finishes. Or you could find a quick move-in home, one that is in the process of being built or already completed, where it’s move-in ready and features and finishes are preselected. Lastly, you could purchase a custom home where you choose everything from start to finish.
Resale homes or previously owned homes have been lived in before and are not brand new. They are often move-in ready but can also be fixer-uppers, needing lots of renovations or only minor renovations depending on work that’s been done and the year the home was originally built.
As an experienced new construction home builder in the greater Indianapolis area, we’ve helped many homeowners build their dream homes. Only you can make the best decision for you, but we believe newly built homes offer unmatched benefits over previously owned homes. Here are some reasons why.
From maintenance and repairs to closing costs and additional fees, there are a lot of costs involved in buying a home, whether new or used. Something to keep in mind are the short-term and long-term costs. While it may cost more to purchase a new construction home upfront, pre-owned homes will cost more in the long run due to the need for short-term maintenance and repairs. Unlike brand-new homes, a pre-owned home won’t have all new and updated systems, appliances, roof, and foundation. This means you’ll not only have to think about the insurance implications (insurance rates tend to be higher with older, outdated homes due to higher risks of damage) but also the cost to fix or update those things in the future.
Modern Floor Plans & Building Codes
New construction homes are designed to appeal to modern living. You’ll see open-concept and functional layouts with flexible rooms in newly built homes versus closed-off, tight spaces of pre-owned homes. With new homes, you won’t have to worry about updating the home to fit your lifestyle since it will already be built with the way you live in mind. You may also find that previously owned and older homes are not built to current standards and codes. This is important to ensure the home’s stability against weather damage and will even save you in utility costs due to updated insulation.
Unless you’re choosing a completed quick move-in home, many new construction homes, especially custom homes, allow you to design it to your liking. Since a home is a long-term purchase it may be worth being able to choose the features and finishes that make it feel more like home. With a pre-owned home, you may need to make several changes to get it to a place that feels like it’s really yours and fits your style. This is certainly possible, but it will take more time and money in the long term. You might find it difficult to locate a used home that already matches your style.
Existing homes have a fast move-in time frame since the home is already completed. Even so, there are similar options available with newly built homes. As mentioned above, if you need to move quickly, you can choose a move-in ready home since they may be fully complete. If your timeline is more flexible, new construction homes and custom homes offer some breathing room. You can be a part of the process from start to finish and watch your home come to life. While this may take several months (Rome wasn’t built in a day after all), the wait is worth it once you step into your brand-new home.
Energy Efficiency & Warranties
Today, energy efficiency is more important than ever. It helps the environment and keeps utility costs low. Older homes are unlikely to include many energy-efficient features to ensure the HVAC is overworking to retain heat or air in certain weather conditions. The insulation may not be properly installed. They may lack healthier building materials like low-VOC paint or UV-protective impact-resistant windows. In new construction homes, you’re guaranteed to have a healthy home inside and out. Plus, they include home warranties to protect components of the home giving you peace of mind if something does need repairing. This may include covering materials and workmanship, and plumbing and electrical.
What is the Timeline to Build a Brand New Home?
If you decide to search for new construction homes for sale or newly built homes for sale, you’re surely wondering how long the process actually takes and what it might entail. Typically the process can take anywhere from 6 to 9 months. There are several factors that can affect the timeline such as market and weather conditions, and the type of home being built.
Pyatt Builders will keep you up to date with your home’s progress every step of the way and will
answer any questions you have. We want every detail to be perfect for you, so we’ll always be as efficient as possible. Building a home includes several steps. Some steps you can expect are:
- Ordering a plot plan (bird’s eye view of the homesite) to pull permits and begin construction.
- Building the foundation and framing.
- Installing insulation, drywall, windows, and doors. Here, you’ll meet your Field Superintendent to inspect and review.
- Adding mechanical, electrical, and plumbing assets and heating and ventilation systems.
- Completing insulation and adding masonry and siding.
- Applying paint, flooring, and interior finishes, as well as installing cabinets, fixtures, and appliances.
- Finalizing all of the touch-ups and finishes. Your Field Superintendent will be back for a final review.
- Pyatt includes a grade, landscape, and sod installation, plus tips to maintain a healthy yard.
- Moving into your new home!
Contact Pyatt Builders for the Best New Construction Homes for Sale!
There are even more reasons why a new home is the way to go, however, the choice is yours. Pyatt Builders wants you to do what is best for you and your family and find a home that you love. If you decide that a newly built home will fit your finances, your move-in timeline, and your wants and needs for a home, we’re excited to help you. Take a moment to browse our website to learn about the homes we offer in the greater Indianapolis area. If you have questions, don’t hesitate to contact us. We look forward to hearing from you!