New Construction vs Existing Home

by Anonymous

New construction offers modern layouts, energy efficiency, and builder warranties but commands a 20-30% premium over existing homes. Existing homes provide established neighborhoods, mature landscaping, and often more square footage per dollar. Supply chain delays have extended new-build timelines to 8-12 months in many markets, while existing home inventory remains tight.

New Construction

$495,000
median price (us)
High (current codes)
energy efficiency
Choose finishes and layouts
customization
Very low (builder warranty)
maintenance (year 1-10)
8-12 months from contract
move-in timeline

Existing Home

$380,000
median price (us)
Varies (often needs upgrades)
energy efficiency
Renovate after purchase
customization
Moderate-high (aging systems)
maintenance (year 1-10)
30-60 days from contract
move-in timeline

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