Worried About Home Maintenance Costs? Consider This

If you're hesitant about buying a home due to potential upkeep costs, here's some helpful information about both new home construction and existing homes that might ease your concerns.

Newly Built Homes Need Less Upfront Maintenance

If your budget allows, opting for a newly built home can significantly reduce your worries about maintenance costs. New homes don't have the wear and tear that existing homes do, meaning fewer repairs are likely needed. LendingTree highlights:

“Since the systems, appliances, roof, and foundation are new, you’re less likely to pay for major or minor repairs within the first few years of homeownership. That can make a big difference for first-time homebuyers adjusting to owning rather than renting.”

Moreover, many builders offer warranties on new homes that cover significant expenses. First American explains:

“The new systems in your home, like plumbing, electrical, and HVAC, are typically covered for one to two years by your builder’s warranty. When something happens to these systems, you contact the builder or their warranty company.”

Existing Homes Can Still Have Great Perks

It's important to note that not only new homes come with warranties; existing homes can have them, too. Your real estate agent can help you negotiate with the seller to include a home warranty as part of the contract. If the seller is unwilling, you can purchase one yourself. As Forbes states:

“During a real estate transaction, a home warranty policy can be purchased by the buyer or the seller.”

A home warranty offers benefits to both parties. MarketWatch points out:

“A buyer’s home warranty benefits both buyers and sellers, as it helps the seller close the deal while providing the future homeowner with peace of mind that they’ll be covered if a system or appliance breaks down. Sometimes, a seller will pay for the first year of the home buyer’s warranty to sweeten the deal, but it depends on the real estate market.”

Consult your agent if you want a home warranty for peace of mind. They can negotiate on your behalf to see if a seller would be willing to cover one. Remember, the willingness of a seller to include a warranty depends on your local market conditions.

So, should I buy a new or existing one?

While new construction offers less upfront maintenance, there are advantages to existing homes that new builds can't provide. Existing homes often have character and charm that new homes lack. The unique quirks of an older home can make it feel more homely. Additionally, existing homes usually have more developed landscaping and a well-established community, making the area more inviting than a new development.

Another consideration is the timeline. If you choose new construction, you might have to wait for the home to be built, depending on where it is in the construction process. Ultimately, the decision depends on what you value most.

The Benefits of Living in San Antonio

When considering houses for sale in San Antonio, new and existing homes come with their own perks. San Antonio offers a rich history, vibrant culture, and a strong sense of community, whether you choose a modern home or one with a bit more character. The city provides diverse neighbourhoods with various housing options, ensuring you'll find something that suits your needs.

Making the Decision

To make the best decision, list your priorities. Do you prefer the low maintenance of a new home, or do you appreciate the charm of an older house? Is a well-established neighbourhood important, or are you excited about moving into a brand-new community?

Lean on Your Real Estate Agent

Your real estate agent is an invaluable resource in this process. They can provide insights into the local market for houses in San Antonio and help you find a house for sale in San Antonio that meets your needs. They can also assist in negotiating home warranties and other aspects of the purchase to give you peace of mind.

Bottom Line

Whether you choose a newly built or existing home, a home warranty can help mitigate maintenance concerns. To explore your options and determine your priorities, consult with professionals who can guide you through the process.