When shopping for a home, you might have seen the words “new construction homes” during your search. What does this mean, and what are the benefits? How are they different from existing or resale homes?
A new construction home is a brand-new home that has never been lived in before. It can be an “inventory home” or a “to be built” home. Inventory homes are either “quick move-in” (or “move-in ready”) or they may be completed within just a few weeks.
“To be built” homes will begin construction once purchased. In other words, you get to select from available features based on your preferences: including exterior home style, ideal floor plan, special offerings, and upgrades. That means you can create a home that reflects the lifestyle of you and your family. To be built homes can take 5 to 6 months on average to be ready for move-in.
An existing home (also known as a “resale home”), on the other hand, is a home that’s been lived in previously. When deciding between a new construction home and an existing home, there are pros and cons to consider.
- The chance to live in a home with “history” and mature landscaping
- Having a wider range of locations to choose from, especially closer to cities
- Having a wider range of home styles and architecture to choose from
- Costly repairs might be needed shortly after move in
- Older, potentially less energy-efficient building design and materials
- lack of opportunities to personalize the design of your new homes
- lower maintenance costs because building designs and materials are brand new
- updated, innovative technology, including “smart home” devices for climate, convenience, and security
- the opportunity to live in a community of similar homes and lifestyles, plus enviable amenities
- the ability to work with your builder to personalize the floor plan, interior, exterior, and choose from available features (for example, covered porches and outdoor kitchens) of your home
- exurb locations can mean longer distances to cities and more commute time to work
- the “newness” is also sometimes felt in younger trees and less mature landscapes
- interiors and exteriors might appear too similar to one’s neighbors
- the timeline of a “to be built” home means you’ll likely have to wait 5-6 months to move in
For more details about buying new construction vs. resale, check out this New Construction or Existing Homes buying guide from Zillow. And if you’re looking for a new home in Rocklin, CA, you’ll find a rich variety here in Whitney Ranch throughout our impressive neighborhoods by top homebuilders. To explore our designs, visit our Home Search page!