One of the most important decisions you have to make when you’re ready to buy a house is whether you should invest in an older home that needs TLC or a brand-new one. There are pros and cons to both options, so it’s important to carefully weigh out a few factors to determine which choice is the best for your specific situation. Over the years, the real estate agents at Realty Executives White Mountains have helped many Show Low, AZ, buyers achieve their homeownership goals. Below, they discuss what you will need to take into consideration before deciding if a new home or a fixer-upper is right for you.

Should You Buy a New House or a Fixer-Upper? 

New Home

There are many appealing reasons to buy a house that’s recently been constructed. These properties offer a great deal of amenities and energy-efficient features older homes are lacking. Better still, when a home is move-in ready, it provides an easier transition and will give you the opportunity to get settled in your living environment faster.

Nevertheless, these properties are typically priced on the higher side, and they won’t allow you much room to customize to your unique tastes without taking on a potentially expensive home improvement project. Therefore, you must be positive you’ll like the architectural details and property features for years to come. 

Fixer-Upper

With a fixer-upper, you must make sure you have extra time to finish renovating before moving in. Some jobs can be done while you’re living there, but others may require you to stay somewhere else. If you’re moving out of a rental or selling another home, you will have to coordinate this with your remodeling timeline accordingly. You will also need to ensure you have the money in your budget to make all the necessary repairs and updates. In some cases, a fixer-upper can end up costing more than a new home once everything has been completed.

On the other hand, buying a house that needs work will give you the freedom to design it exactly as you prefer, and you may enjoy significant savings on property taxes. You’ll also get to enjoy the charming quirks that come with living in an older residence.

Many people struggle between these two options when it comes time to buy a house. However, if you take all these elements into serious consideration, you’ll feel much more confident about your investment decision. For help finding the right property for you, contact Realty Executives White Mountains at (928) 528-7637. Visit their website for additional information on their current real estate listings.