New construction homes in South Florida have many significant advantages. Are there trade-offs to consider? Of course! A comparison between new construction vs. older homes shows that each offer unique benefits. Which is best for you?
Older homes sell for up to 20% less. That means your money stretches further, at least starting out. Just remember that this cuts both ways. That older home will also have a tougher time building value. When you sell, your own asking price may be on the low side.
Older homes tend to be more costly to maintain, and they’re not nearly as energy efficient. This combination means that you’re likely to be spending more year by year to live in an old home. New construction homes in South Florida have vast energy efficiency improvements that can save hundreds or even thousands of dollars a year.
Construction elements are also less likely to break and need repair in a new home. It’ll be decades before most features or appliances will need replacing. If an older home needs a new system entirely, something like HVAC can cost well over $10,000.
Older homes in good well-funded neighborhoods tend to be more desirable, so you can see the prices on them sometimes skyrocket. Nonetheless, you can generally rest assured that a neighborhood with schools and parks will still look much like it does 10 years down the road.
Nonetheless, newer homes are built with a number of pre-planned neighborhood features. New subdivisions will often be built with rec centers, parks, pools, playgrounds, and they’ll always be built with something older homes in established neighborhoods can struggle with: enough parking. New subdivisions are built with extra room in mind. There’s a little bit less “crunch” than in older neighborhoods.
It’s exceedingly easy to build smart features into new homes. Even if you don’t get them immediately, they’re usually built with potential smart improvements in mind, making upgrading the home easier. Today, this can mean smart thermostats, smart lighting, security systems, smart locks, whole home entertainment systems, and much of it can be controlled through voice or phone commands.
Newer homes are built with accessibility cleverly folded into the design. It doesn’t stand out, but these homes can make it much easier for families with a disabled member or elderly relative to enjoy the whole home, whether they live there or just visit regularly.
The comparison between new construction vs. older homes leans the advantage toward newer homes. There are just too many modern improvements that can help you live with less stress while being kinder to your wallet. The perfect home is different for everybody, so maybe that older home is worth the extra work and year-to-year cost.