While resale residences have their own special appeal it is difficult to find all of the benefits inherent in a new construction home. Sure, you can remodel and modernize, but considering the cost of upgrading or retrofitting and older home, building or buying new can actually cost you less in the long term. In addition, a new home's monthly operating costs are almost always reduced by the efficiency of new technology.

Buyers who opt for new construction also appreciate the security of builder and manufacturers' warranties on appliances and major systems. While warranty programs are also available for resales, it is more likely an older home will present unexpected maintenance and repair issues over the years.

An often overlooked benefit to buying new is the wealth of recreational and social facilities offered just outside your door. Swimming pools, spas, tennis courts, community club houses, fitness centers, jogging trails, marinas and golf courses are in high demand by active buyers of all ages. With the purchase of a resale home you’d most likely need to jump in your car for a trip to a local gym, country club, or city park.

Before you make your decision, spend time analyzing the annual costs of living in your home. New condominiums and some new homes located in subdivisions have mandatory homeowner's fees and assessments, as well as a long list of rules and regulations defining what homeowners can and cannot do. The convenience of the common area maintenance and amenities found at newly built communities does come with a degree of reduced independence. Many subdivisions have strict guidelines for exterior paint color, maintenance, landscaping and parking; and the list of can and can't dos at most condominium associations can be lengthy. With a custom built home on your own home site, these issues are less likely to come into play.

New or Resale, now is the perfect time to weigh your options and select a home that perfectly matches your lifestyle and budget.