New-home Construction
Modern floor plan (open space, flex rooms, larger windows)
Delayed major maintenance costs (such as roof or HVAC)
Lower utility bills as a result of stricter building codes and newer energy-efficient products
More upfront personalization Builder warranties on materials, workmanship and structural items
Higher upfront costs
Special financing, such as construction loans, often needed
Longer wait times
Often farther from amenities, jobs
Sparse landscaping


Existing-home Construction
Lower-priced options available
Established neighborhoods
Mature landscaping
Move-in ready
Value add-on potential with remodels and cosmetic updates
Outdated floor plans
More repairs and maintenance
Higher utility bills if products and materials are less energy-efficient
Less personalized
Competition from other buyers

Source: REALTOR® Magazine as the source.