New or Resale Homes: Finding the Better Choice

What to consider in a new or resale Delaware home to make choosing one the best decision for your retirement wants and needs.

New or resale homes? Which is the right choice for you?
  1. Real Estate is booming.
  2. Inventory is low.
  3. Buyer demand is high

As you prepare for retirement, these three key facts will impact your decision about whether to purchase a new or resale home.

The Case for a New Home in Delaware

With many of the best production builders, you can choose options that will personalize your home. Being able to select the flooring, kitchen cabinets, and countertops yourself is the main reason many Boomers decide to go with new construction.

The downside in this market is that demand is outpacing the builders’ ability to deliver homes. It could take a year or more to go to settlement which can seem like an eternity. Your current home may sell very quickly, leaving you homeless for months.

A Resale Home in Delaware Can Be a Better Value

If you can find an existing home for sale in the area in which you want to live, you can move in more quickly. Sometimes you can even settle on the home you’re selling and the home you’re buying on the same day.

When is a resale a better value?

  • When you love the neighborhood!
  • When you like the plantation shutters or blinds on the windows!
  • When you like most of the flooring!
  • When you like the kitchen cabinets!

The escalating cost of lumber and other materials is making new construction too costly for some. Add this to the delayed delivery time, extending out a year or more, and a resale home looks even better. If you can find an almost new home in the same neighborhood with minimal things you’d like to change, it can be the right choice.

Our Active Adults Realty team is here to help. Let’s get together to discuss what you’re searching for and we’ll schedule showings for the homes matching your criteria to help you find the best choice for you. Schedule an appointment today.

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