Who would not want to design their home? Granite countertops, 42 inch cabinets, hardwood throughout... The possibilities are endless when it comes to what we want our new home to look like. But what we want and what we can afford to get are two different things. That's why buying a resale home is just as great as having one built to your liking, and could be easier on your wallet.
On a new construction the costs can add up quickly. All the options can be overwhelming. Do you pick the morning room or a finished basement? Do you put chair railing and crown molding everywhere? Brick front or siding? You have to consider that you will probably want it fenced in, which might not be too bad since some of the yards are not that big. Then there is the landscaping and deciding on a deck or just a patio.
Resale homes can be overwhelming too. You do have to compromise. Can you deal with the ugly, purple countertop? The stained, pink with white swirl carpet? The builder grade options from 1988? Well, all that can over time be changed to your liking. Resale homes are usually already fenced in. They were built before to have a decent amount of space between your house and the neighbors. Your yard is most likely to be over .20 acres, give or take. Yes, the home is older but it has settled. You do not know every little detail about the home but hiring a great home inspector prior to closing along with an awesome realtor (hint) will help.
Whichever option you choose, please make sure to do your homework. The first assignment is to find yourself a Realtor who understands your needs and wants. Then she/he will guide you the rest of the way if they are a professional. Even before stepping into a new builders model, you should have representation. The sales person at the model is there representing the builder, not you. Remember, the SELLERS pay both buying and selling Realtor's commission, so do yourself a favor and get yourself one. We Realtors are not all alike but are required to be loyal, honest and competent professionals. By the way, FHA 30 yr fixed rates have gone up to 3.875%. Don't keep diddle daddling. Contact an agent and start your home search!