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You are here: Home / Homes for Sale / Cost of Buying a New Home vs. Preowned

Cost of Buying a New Home vs. Preowned

January 16, 2017 By Summerlake

Wondering which is a better deal, a new home or preowned home? The answer might surprise you.

It’s true that when comparing two similar homes, one new and the other preowned, the price tag of the preowned home is likely less, however that doesn’t mean it’s the better deal. To truely compare apples to apples, you need to factor in all of the additional costs that are not included in your home’s listing. Will any renovations be needed? What maintenance costs are going to be required in the coming years? How will the cost of utilities be affected by older building materials? How long do you expect to live in the house and what is the estimated resale value? When you add all of these added expenses together, you’ll likely find that buying a new house may actually be a better deal in the long run.

Here’s an example of how the costs of buying a preowned home can quickly add up:

WhyBuyNew

If you’d like to further cost compare, browse our available new homes or contact our agents for more information.

Filed Under: Homes for Sale, Real Estate Tips, Summer Lake News

Available Homes

FOR SALE - 17325 Otter Drive, Moseley, VA
924,00017325 Otter DrMoseley, VA 23120KLM BuildersView Listing
825,99717006 Shoreland DrMoseley, Va 2410View Listing
4630 Lake Summer LOOP, Moseley VA 23120, Chesterfield
678,9004630 Lake Summer LOOPMoseley, Va 23120SOLDView Listing
17306 Otter DR Moseley Va
675,99717306 Otter DRMoseley, Va 23120View Listing
4612 Lake Summer LOOP
660,9974612 Lake Summer LOOPChesterfield, Va 23120View Listing
5518 Singing Bird DR, Chesterfield VA 23120, Chesterfield
1,200,0005518 Singing Bird DRChesterfield, Va 23120SOLDView Listing
5500 Singing Birg Dr
1,100,0005500 Singing Bird DRMidlothian, Va 23120SOLDView Listing

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