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.

Are you a subscriber to our Boomers and Beyond newsletter? Click here to get it delivered to your inbox monthly. Our readers get timely news about living in Delaware, relocating to Delaware, and Delaware’s new home communities.

About Christine Davis

Christine grew up in northeastern Pennsylvania in a small town called Pittston, which is located between Wilkes-Barre and Scranton. Upon graduation, she enlisted in the United States Air Force, where she proudly served for eight + years at a variety of bases throughout the world, including Holland, Korea, and New Mexico. While in the Air Force, Christine spent most of her time working in the civil engineering career field where she thoroughly enjoyed meeting and working with such a diverse group of people with varying backgrounds and experiences, and learned so much from each of them. Christine’s last assignment in the Air Force was at Andrews Air Force Base in Maryland, and that’s when she discovered the Delaware beaches. Growing up in PA, her family spent time at the Jersey shore. But once she moved to MD, she became one of those many drivers making the trek across the Chesapeake Bay Friday afternoon to visit the Delaware beaches for the weekend. Upon Christine’s separation from the Air Force, she spent a small amount of time working in Washington, D.C., but it didn’t take long before she was drawn to the quiet, slow pace of Lewes and Rehoboth Beach, “the nation’s summer capital”. Christine moved to Rehoboth Beach in 1999 and finished her degree in Business at Delaware Tech. At the time she was working for a large physician organization when a friend recommended that she become a REALTOR because she loved helping people and loved looking at homes. She was reluctant for quite a while because Christine didn’t think of herself as a salesperson. But after much urging by her friend, Christine decided to get her real estate license in 2003 and has not looked back since. Christine still doesn’t think of herself as a salesperson, but rather a facilitator between buyer and seller, working toward a common goal. Christine aims to make the process as smooth and fun as possible but also educates the buyer and seller along the way so they can make the best decision possible. Christine now lives in Lewes and although she misses the mountains of PA, she thoroughly enjoys spending as much time as possible at the beach, especially Cape Henlopen State Park. Christine’s philosophy in life is that it’s too short. Never spend so much time making a living that you forget how to live.

folder_openHome Buyers, New Constructionlabel, ,