The Pros and Cons of Purchasing a New Build

We all love “shiny and new” — and newly-built single-family homes are downright irresistible.  And when the existing home inventory is limited, and consumers  have confidence in the market, a significant number of homeowners will consider a newly-built residence.

However, it’s not a slam-dunk decision. There are benefits and disadvantages to purchasing a new build. These are some of the factors to consider.

New build pros

A new build can incorporate your wish list.

A new build can incorporate your wish list. Image: Andy Dean Photography/Shutterstock

A new build isn’t someone’s leftover home

The only thing better than new car smell is new house smell. The first home I ever purchased was a new build and, as a germaphobe, I loved the idea that no one else had ever hung clothes in my closets, cooked in my kitchen, parked in my garage or sat in my garden tub. Admittedly, I have no idea what the contractors and workers did before I moved in. As a true germophobe, I still scrubbed every single surface. But I didn’t have to scrub as hard since there weren’t any previous owners.

A new build won’t have old pipes and wiring.

A new build won’t have old pipes and wiring. Image: Artazum/Shutterstock

A new build is up to code and up-to-date

“People like to say that we ‘don’t build them like we used to.’ This is a good thing,” Nathan Outlaw, President of Onvico in Thomasville, GA, says. “Code and energy requirements have come a long way and buying a well-built new home will be much less stressful than remodeling an older home.”

That’s because homebuyers can avoid those unexpected expenses that occur when workers find issues like asbestos or old plumbing that needs to be replaced. Homeowners can also incorporate the latest trends in kitchen and bathroom technology to maximize the home’s potential.

You can usually pick your flooring and other materials

You can usually pick your flooring and other materials. Image: Artazum/Shutterstock

(Sometimes) the sky is the limit with a new build

Michael Menn, a Chicago-based architect who builds new homes and remodels existing homes, says there are pros and cons to purchasing a new build. “When a homeowner purchases an existing home, there will be compromise on the floor plan,” he says.

However, when his clients purchase a new home, Menn says they can customize and personalize every detail. He adds that they can pick “everything from the floor plan to the flooring, cabinetry, plumbing, etc.” So homeowners can decide, for example, if they want tile or hardwood floors in the kitchens and baths or they can make the home as plush as a hotel.

There’s more competition for existing homes.

There’s more competition for existing homes. Image: Carol Franks/Shutterstock

There’s less competition for a new build

“According to the National Association of Realtors (NAR), the average time an existing home is for sale on the market is 30 days — although this depends on the part of the country, time of the year and other factors,” Menn explains. Homes sell fast because there’s a lot of competition to find an existing home. But when you build a home, he says the competition is eliminated.

You can drive up, get out and start your new life.

You can drive up, get out and start your new life. Image: Artazum/Shutterstock

There are no renovation issues with a new build

Many homeowners purchase a home and then renovate it to fit their needs. “But they have to live in the mess of a renovation,” says Adam Helfman, Home Improvement Expert at Hire It Done. “Having no interruptions in your daily life is a huge benefit to buying a new home.” Also, some people don’t know where to draw the line when purchasing a fixer-upper and could end up with a money pit.

New build cons

Older homes may be built with better materials.

Older homes may be built with better materials. Image: Pics721/Shutterstock

Older may be better

Although newer homes have new components and materials, newer may not always be better. “New homes today are generally not built as solid as old homes of yesteryear,” Helfman says. “Old homes had better bones. For example, a 2×4 in the 50s and 60s was actually 2 inches by 4 inches — whereas a 2×4 today is 1.75 inches by 3.75 inches.”

Recycling extends to houses. Image: Carol Franks/Shutterstock

Renovating is better for the environment

When you build a new home, you’re starting from scratch. “The environmental impact of building a new home is much higher than in buying an old home,” Helfman says. “Renovation is essentially a form of recycling.”

Also, homeowners have a tendency to focus on cosmetic features when buying a home and often choose a new build because of trendy extras. However, most cosmetic features — like architectural details — could be added to an existing home during a renovation.

Older home have lush landscaping.

Older homes can have lush, well-established lawns. Image: Sean Pavone/Shutterstock

Existing homes have more mature landscaping

Landscaping can cost a pretty penny and take a while to fully develop. “Older properties can come with landscaping benefits like mature trees to cast shade,” Helfman says.

Sidewalks and street lights are important.

Sidewalks and street lights are important. Image: Artazum/Shutterstock

Existing homes have established neighborhoods

If you’re building a home in a new area, it’s still in the process of being established. “Older homes come with the benefit of established neighborhoods with established communities and desirable features like street lights, sidewalks and neighborhood watches,” Helfman explains.

And there are other potential disadvantages to not being in an established neighborhood. “There’s a danger of purchasing inside a non-fully formed community where amenity costs were miscalculated,” warns Michael Kelczewski, a realtor with Brandywine Fine Properties Sotheby’s International Realty. “Also, homeowners may purchase during an initial development phase only for the developer to become bankrupt.”

Pray for sunny days.

Pray for sunny days. Image: Karamysh/Shutterstock

The new build timeline is subject to change

Unless you’re buying a new home that has already been completed, you could be trapped in a waiting game. “You won’t be able to move in until the home is completed,” says Menn. And he warns that weather-related construction delays are always a possibility and could extend the build timeline indefinitely.

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5 Ways to Stay Organized While Building a Home

Let’s face it: building a home comes with a lot of paper. Whether it’s rough plans drawn on a napkin, pictures torn from magazines or a receipt for that perfect neutral gray, it’s easy to find yourself buried in important documents. Then, when it’s time to find the info you need, you’re left paging through a mountain of paper – sometimes to no avail.

Staying organized during your build doesn’t just help you keep your desk clean – it’ll save your sanity. From communication with your contractor to finding your dream cabinets, the construction process means you’re constantly checking and rechecking information. By putting a system in place, you’ll easily be able to locate what you need when you need it. Organization doesn’t have to be complicated. Try these five tips to help yourself stay organized so you can easily access everything you’ll need for a smooth build.

New traditional home

Getting organized keeps your vision in sight. Image: New River Building Co.

1. Delineate between wants and needs

The first step for an organized build is making sure you know the difference between wants and needs. With all of the inspiration, trends, materials and ideas available, it’s easy to feel overwhelmed. The fastest way to gain control of your build is to know where you stand on wants and needs. Take the time to write a list of five to ten must-haves. These should be items that your home needs for you to be happy with the end result. Then, do the same with a few nice-to-haves: things that you’d like, but won’t make or break the experience. By knowing the difference and creating a strict line between the two, you won’t get sidetracked by tasks that don’t really matter in the long run.

2. Create a build binder (or board)

Building a home is an exercise in collaboration. You’ll be working with a myriad of professionals, from interior designers to concrete workers. A build binder helps you stay organized and on track no matter who or where you’re meeting. A build binder is simple: just use tabs to organize your home into different categories. One way is to split your home into different rooms. Or, if you find it easier, go by categories, such as cabinetry, flooring, countertops, paint and so on.

If you’re more comfortable going digital, use a tool like Pinterest to create inspiration boards and invite your contractors to collaborate. Your interior designer can show you some of the hottest trends while you keep all of your favorite layouts, colors and materials in one place.

Home office

Create a filing system that goes from the office to your phone. Image: Donald A. Gardner Architects

3. Organize receipts and documents

There’s no shortage of receipts and docs during the build process. You’ll have land contracts and build contracts, material receipts and floorplan print-outs. If you don’t stay organized, you won’t be able to easily refer to them as needed. While you should always keep important home document hard copies in one place, you’ll need mobile versions, too. If you don’t want to find yourself lugging a file cabinet to every build meeting, use your phone as an organizational tool. Create a folder in your phone’s photo album for home documents and snap a picture anytime you receive something important. You’ll have easy access to all of your contracts, receipts and other important docs on the fly.

4. Create email folders

While the building of your home happens on your lot, the logistics will happen in your email inbox. Don’t lose important communication among your work and junk emails. Create a space for home-specific mail.

You can easily create custom folders within your inbox. If you use Gmail, for instance, you’ll click “Settings,” then “Labels” and “Create New.” You can then name your new label anything you want and use that new label to file important messages. If you really want to stay organized, you could create an entirely new email address for your build and create folders for the different categories of your build. Whatever you decide, it’s about having organized and easy access to all of your communications throughout the process.

stay organized 3

Keep a tape measure handy 24/7. Image: Covenant Kitchens

5. Carry a home kit

If there’s anything you should know about building a home, it’s that a meeting can spring up anytime, any place. Whether you’re visiting your home site, dropping by the cabinetry showroom or running into your contractor in the grocery store, you might find yourself making decisions on the fly. That’s why you should stash a home kit in your car at all times. It doesn’t need to be fancy, but should include:

  • A tape measure
  • A notebook
  • A pencil
  • Your build binder
  • A pair of shoes you don’t mind getting dirty

Wondering if a light fixture will work in your home? Grab your tape measure! Think you might have found the perfect shade of blue for your front door? Scribble it down. Schedule an impromptu walkthrough? Throw on your shoes and take a look. With a home kit, you’re never caught without the tools you need to keep the build moving.

It’s all too easy to feel overwhelmed by the logistics of building a home. There are a lot of moving parts and contractors to manage. By getting yourself organized, you can feel more in control of the process and easily identify areas that need a little more work. Stay organized and you’ll keep your build on schedule (and the end in sight).

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