The big question many of our clients ask is: Should you buy a new build or a resale home? It’s a tough decision, especially when considering new build vs resale options, and there are plenty of choices here in Baldwin County. As of July 2024, we’re in the heart of the real estate season, with a great selection of homes. This is the best inventory we’ve seen in a while, especially for resale homes. A year or two ago, there were bidding wars and limited choices. Now, you can find both new construction and resale homes in good supply.

So, how do you decide between a new build vs resale? Let’s break down the pros and cons of each option to help you make the right choice.

Why Consider a New Build?

Buying a new build is like getting a brand-new car—everything is fresh and untouched. But there are some downsides to consider as well.

Here are the benefits of buying a new build:

• Everything is new: You’re the first to live there. Every appliance, light switch, and even the toilets are brand new. This is a huge plus because you won’t need repairs anytime soon.
• Customization: Many new builds let you choose things like appliances, flooring, and paint colors. You can make the home your own before moving in. With a resale, you might need renovations to meet your style.
• Energy efficiency: New homes often come with energy-efficient materials and appliances. Over time, you’ll save money on utility bills.
• Low maintenance: With everything being new, major repairs like a new roof or HVAC system won’t be needed for years. This peace of mind is priceless.
• Builder incentives: Builders often offer financial perks, like rate buy-downs, which can make a new build more affordable, especially with today’s higher interest rates.

However, the new build vs resale decision isn’t always easy. There are some downsides to new construction.

The Downsides of a New Build

• Longer timeline: One downside of new construction is the waiting period. If you need to move soon, waiting for a home to be built might not work. Some spec homes are ready, but others can take 3 to 9 months—or even up to 18 months in some cases.
• Limited negotiation: With new builds, there’s often little room to negotiate on price. Builders set prices based on market conditions and aim to stay profitable. Don’t expect to get the home for less than the asking price.
• Higher cost: New homes tend to be more expensive than resales, not just in list price but also per square foot. Plus, some builders include clauses allowing them to raise the price if material costs go up.
• Less character: New communities can feel “cookie-cutter,” with homes looking alike. If you love mature trees, unique designs, and well-established neighborhoods, a new build might not have that charm right away.

Why Consider a Resale Home?

Now let’s look at the benefits of buying a resale home.

• Lower price: One of the biggest reasons people choose resale homes is the price. You can often get more house for your money compared to a new build. For the same budget, a resale might have more square footage, a bigger yard, or be in a better location.
• Established neighborhoods: Resale homes are often in areas with mature trees, long-term neighbors, and easy access to schools, parks, and shops. New build communities are usually in more rural areas, which can feel isolated.
• Larger lots: If having a big yard is important, a resale home is a great option. New builds often come with smaller lots, especially in growing areas like Baldwin County.
• Unique charm: Resale homes often have more character. They’ve been lived in, updated, and personalized over the years. Each resale home feels unique, while many new builds can look similar.

Still, when weighing new build vs resale, there are challenges with buying older homes.

The Downsides of a Resale Home

• Costly repairs: Older homes might need repairs. You could face expenses for a new roof, HVAC system, or plumbing updates. Unlike a new build, where everything is new, a resale might come with unexpected costs.
• Outdated features: Many older homes lack modern features like open floor plans, smart home technology, or energy-efficient appliances. You might need to invest in updates to bring a resale home up to date.
• Bidding wars: In a competitive market, you may still face bidding wars for the best resale homes. This can increase the price and add stress to the buying process.

Deciding Between a New Build vs Resale

When deciding between a new build vs resale, it really comes down to what matters most to you. If you want a brand-new home with low maintenance, modern features, and customization, a new build might be your best bet. However, if you’re looking for a home with character, a bigger yard, and a lower price, a resale home could be the right fit.

Ask yourself these key questions:

1. Do you need to move soon? If so, a resale or a spec new build might be best.
2. Are you willing to pay more for a brand-new home? Or do you want more space and land for your budget with a resale?
3. Do you want a home that’s move-in ready, or are you open to making updates and repairs?

The Bottom Line: New Build vs Resale

Here in Baldwin County, we’re lucky to have a strong supply of both new build and resale homes. Whether you’re looking for a brand-new property or a home with history and character, there’s something for everyone.

The decision between a new build vs resale depends on your personal needs and preferences. If you have any questions or need more information, don’t hesitate to reach out to us. We’re here to help you find the perfect home in Baldwin County. Give us a call today to get started.