If you’re house hunting in St. Augustine, FL, you may be facing a big decision—should you buy a new construction home or an existing resale home? Each has its advantages, but which one fits your lifestyle and budget? Let’s dive into the pros and cons to help you make the best choice for your move to St. Augustine, Florida.
The Perks of New Construction Homes
One of the best things about buying a new construction home is that everything is brand new. From the latest building codes to energy-efficient systems, new homes offer peace of mind with fewer immediate maintenance concerns. You also get to customize your home by choosing finishes, layouts, and designs, creating a space that fits your style from day one.
However, some buyers feel that new construction neighborhoods can lack character, with homes often placed closely together. If privacy is important to you, this could be a drawback.
The Advantages of Resale Homes
Resale homes often come with benefits like better locations and larger lots. Many are in well-established neighborhoods with mature trees and classic charm. If you’re drawn to living in St. Augustine near downtown or the beaches, resale homes can offer a more historical feel, especially in areas like Vilano Beach or Palm Coast, Florida.
If you’re after sturdy concrete block construction, you’re more likely to find this in older homes, as most new builds use wood-frame construction.
Cost Comparison: New Construction vs. Resale Homes
When it comes to costs, new construction homes can have a higher upfront price, but they often save you money in the long run due to lower maintenance and energy costs. Additionally, insurance rates are typically lower for new builds, as they’re built to withstand modern hazards.
On the other hand, resale homes may come with a lower purchase price but could require immediate upgrades like a new HVAC system or kitchen remodel. However, new construction homes in planned communities may come with CDD fees, which cover the development’s infrastructure and can cost up to $4,500 a year.
Lifestyle & Community Differences
New construction communities often offer resort-style amenities such as pools, parks, and clubhouses, creating a vibrant, family-friendly atmosphere. However, resale homes may provide more privacy and a quieter setting in established neighborhoods with a mix of residents.
Making Your Decision: What’s Right for You?
At the end of the day, whether you choose new construction or a resale home depends on your priorities. If you want a modern, low-maintenance home with the latest features, a new build might be the best option. But if you’re after a home with character in a prime location, a resale home could be your perfect match.
Ready to Make Your Move to St. Augustine?
If you’re considering a move to St. Augustine, or want to explore the pros and cons of new construction homes vs. resale homes, let us guide you. As seasoned St. Augustine Realtors, we can help you find the perfect home to match your lifestyle. Contact us today to start your home search!