Follow Neal Twitter Facebook
Email Neal Email
Residential Real Estate
Jun 15, 2017

New Construction Or Existing Home?

Sponsored Content provided by Neal Johnson - Licensed Real Estate Broker , Network Real Estate

When looking for a home, most people have the choice between an existing, already-built home and new construction. There are a lot of reasons to buy a new home, but there also are some things you need to consider.


If you are building your home from scratch rather than buying a "spec" or model home, you will have the ability to customize the home to your liking. If you want to be able to design everything in the home, you will need to work with a custom builder. Some of the things you will need to decide are: how big the home will be; how many bedrooms and baths it will have; and where rooms will go. Keep in mind that going the custom route will increase the cost.


Building a new home can allow you to be a little bit pickier about where you live. Wherever you can find a buildable lot for sale, you can build your home. With whatever area you choose - whether it’s a new subdivision or an infill lot inside the city - you want to make sure you do your research about schools and other vital information. And you want to make sure you understand all local codes and zoning restrictions to be sure you can build the size and type of home you want.


When building a new home, you have to time your move properly. Remember that whatever building time frame you are given is an estimate and can be affected by weather, the ability of subcontractors and a variety of other factors, so you need to have some flexibility built into your moving plans. If you own another home, you will have to decide whether you want to sell it and live somewhere temporarily while your home is being finished or wait to sell it until after your home is complete.

Ongoing costs

Though building a new home should cut down on your initial maintenance costs - because everything is new and unlikely to break down or fail - there still are ongoing costs of owning a home that apply whether it's new or not. These include things like lawn and landscape care and HVAC maintenance. The good news with a new home is that it should be many years before you have to worry about things such as replacing appliances or fixing your roof.

There are many things to consider when deciding on whether to buy a new home or an existing one. However, the advantages of a new home usually outweigh any drawbacks for most buyers.
Neal Johnson is a CMCA, CRB, CNE and GRI-certified, licensed real estate broker at Network Real Estate, which has exclusively served a high volume of property sales and purchases in the greater Wilmington area for more than 30 years. With three offices at College Road, historic downtown Wilmington and Pleasure Island, Network’s brokers are widespread and well-versed in this marketplace, making Network a preferred real estate company for first-time homebuyers and beyond.


Other Posts from Neal Johnson

20489 networkrealestate insightsad final 121814105759
Ico insights


Chris coudriet headshot 300x300 10211545555

Social Workers Advocate, Support and Encourage

Chris Coudriet - New Hanover County Government
Mike stonestreet 300x300

Don’t Let Wildlife Invade Your Life

Mike Stonestreet - CAMS (Community Association Management Services)
Geofflosee300x300 10221511305

History in the Making

Geoffrey Losee - Rountree Losee LLP

Trending News

ILM Set To Get New Jet Bridge, Readies For United

Christina Haley O'Neal - Mar 21, 2018

Washington NC-based Meal Prep Service Opens Wilmington Location

Jessica Maurer - Mar 21, 2018

Open Air Dining And Drinks At Cloud 9 Rooftop Bar

Jessica Maurer - Mar 21, 2018

Nori Asian Fusion & Sushi Bar Now Open At The Pointe At Barclay

Jessica Maurer - Mar 21, 2018

GE Aviation Invested $36M In Wilmington Last Year

Christina Haley O'Neal - Mar 20, 2018

In The Current Issue

Amazon HQ And The Regional Market

As of press time, Raleigh was still in the running for Amazon’s second headquarters in North America. Local economic developers say the pote...

Pender Gears Up For Expected Growth

Brunswick County may be the No. 1 population growth leader in the region, but nearby Pender County is not far behind, and the county's rapid...

In-home Service Firms Merge

Two Leland-based businesses that provide a range of in home care services are poised for future growth with the recent announcement of their...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes