Posts Tagged ‘ new home ’

Buying a New Home vs an Existing Home

By Kevin M

As of this week I’ve been officially welcomed into the ranks of the staff writers over at Lending Tree! With Lending Tree’s focus on lending and real estate, and my background in mortgages, the arrangement is a natural fit.

For my first two posts, there’s a two part debate on the advantages of buying either a brand new home, or an existing one. It’s an interesting debate because there are tangible benefits going with either.

Check out these two posts, and weigh in with your thoughts:

6 Reasons to Buy a (Brand New) Home

6 Reasons to Buy a (Not So Brand New) Home

Thanks!

( Photo from Flickr by rossgram )

New Home or Existing Home – Which is the Better Deal?

By Kevin M

With the general fall in house prices in the past few years, new homes have come down substantially and present a real opportunity to purchase a relatively low maintenance home. But the over-supply of existing homes is a real chance to cut the best deal price-wise. Which one do you choose?

Now that home values are no longer on a steady upward path, the choice of home you buy has greater consequences than ever. In the recent past, a purchase mistake could usually be covered by rising prices. All you had to do was wait a few years and the moment would come when you could sell the mistake at a higher price than you paid, and move on to something else.

But buying decisions today look more permanent than they did a few years ago. A home purchased today might stay with us for 10 or 15 years before selling would even begin to make sense. Against that backdrop, do you go with a brand new home or an existing one?

Buying vs Renting a Home – Its Not All About Money

And other questions you should ask before buying a home!

By Kevin M

Many articles have been written on the buy-verses-rent question, but most of the analysis tends to center on the dollars and cents side of the question. We read about tax advantages, investment potential, home buyer tax credits, income ratios—all important considerations, but all essentially monetary in nature.

Rather than crunching numbers, I’d like to consider the question from a mostly non-monetary angle, and discuss factors which are of at least equal importance in making the decision to buy or rent a home. Most have to do with lifestyles, attitudes and future prospects.

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Posts Tagged ‘ new home ’

Buying a New Home vs an Existing Home

New Home or Existing Home – Which is the Better Deal?

Buying vs Renting a Home – Its Not All About Money

Financial Management