Worried About Home Maintenance Costs? Consider This

Considering Home Maintenance Costs? Here’s Some Advice If worries about home maintenance are holding you back from buying a home, here are some insights that might help you make a more informed decision, whether you're eyeing new construction or an existing house. **Newly Built Homes Require Less Upfront Maintenance** Newly constructed homes can be a great option if you’re concerned about upkeep costs. With brand-new systems, appliances, and materials, these homes are less likely to need immediate repairs. LendingTree highlights that new homes often come with fewer maintenance needs, aiding first-time buyers who are transitioning from renting to owning. Plus, builders typically offer warranties that cover crucial systems like plumbing, electrical, and HVAC for the first few years, as noted by First American. **Existing Homes Offer Valuable Perks Too** Don't discount existing homes, though. Many of them have their own charm and character that can't be replicated in new builds. Additionally, you can negotiate for a home warranty during the buying process, which provides peace of mind by covering potential repair costs. Both buyers and sellers can benefit from home warranties; sometimes sellers even offer to pay for the first year to make their home more attractive. **New or Existing: The Choice Is Yours** New homes mean less immediate maintenance but might lack the character of older homes. On the other hand, existing homes can offer a well-established community and mature landscaping. Your choice depends on what’s most important to you—whether it’s the convenience of a move-in-ready new build or the unique charm of an older home. **Bottom Line** A home warranty can provide some assurance and alleviate concerns about future maintenance costs, whether you choose a new or existing home. To explore your options further and prioritize your needs, consult a real estate professional who can guide you through the decision-making process.

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