Pros and Cons of Buying New Construction in Boston

NextHome Titletown Real Estate Boston MA

Some people would never buy anything used, but others prefer what has been tested and is less expensive. When it comes to new construction vs. existing homes, though, the difference goes far beyond mere preference. New construction and existing homes both have their advantages and disadvantages. So if you’re still on the fence about this, here are the pros and cons of buying new construction in Boston.

Pros of Buying New Construction in Boston

SHINY NEWNESS

Ahhhh – there is nothing like the smell of new construction – fresh paint, refinished floors, and that clean smell that you just can’t describe….but just smells….clean!

When you buy new construction in Boston, you are, obviously, buying a brand new home never lived in by anyone else before. You won’t have to make any repairs of upgrades or do any major cleaning or carpet shampooing.

But what’s really important here is that the major appliances, water heaters, and the HVAC system have had little use, are in great shape, and will likely last for years. You probably won’t have to worry about these things for a long time, if ever (depending upon how long you intend to own the property). But even if you do have problems with them, they’ll often still be under warranty, and the replacement cost won’t come out of your pocket.

CUSTOMIZATION FLEXIBILITY

Also, if you make your purchase while the home is pre-construction or the very early stages of construction, you may have customization options. Often, at this stage, you can make customization choices regarding colors, appliances, flooring, tile, countertops, and more.

And this is a big plus, according to real estate pros. “Nobody knows your wants and needs better than you do, and having so much control over the details that fit your home to your taste and lifestyle is quite a luxury. Buying new construction means that you get to pick out everything from the color of your siding and trim to the placement of every single light bulb and outlet. Many of the things you get to customize are difficult – or at least very expensive – to put in after a home is constructed.”

ENERGY EFFICIENCY

New construction in {market_city] usually means a home that is far more energy-efficient than many existing homes. And the upshot of this is that you’ll spend a lot less on utility bills to heat and cool your home. Typically, new-construction homes come equipped with energy-efficient appliances, more and better insulation, double- or triple-pane windows, and efficient HVAC systems. “Your builder,” the experts say, “likely already includes some of these options, like energy-efficient windows, which can prevent the 25%-30% heat gain and loss attributed to less efficient windows,” as well as “dual-flush toilets, smart thermostats, and LED lighting.”

DISCOUNTS AND BONUSES

A final pro of new construction is that builders because they need to sell those new homes they have so much money tied up in, will often offer discounts. They may also throw in added bonuses and amenities to sweeten the deal.  Builders in some communities even offer mortgage financing, which can streamline the whole purchase process.

Cons of Buying New Construction in Boston

SHODDY WORKMANSHIP

It’s regrettable fact, but many builders cut corners and use inferior materials to increase their profits and speed along their timelines. And on top of that, some hire labor and use sub-contractors who do inferior but cheap work. So even with new construction, you should have the home professionally inspected so ensure everything is as it should be and performing properly.

BUILDER INEQUALITY

Another thing you have to look out for in new construction is that there is often a wide variance between builders with respect to skills, experience, and quality of work. You can’t just assume that because a builder is building new homes, he really knows what he’s doing because “the policies, skills, and options available vary among builders. You should check a builder’s reputation for both reliability and the quality of the homes produced.

COST OF UPGRADES AND OPTION

The price you see advertised for that shiny new car you’ve been lusting after isn’t really the price you’ll pay. Getting all the options you want and need will make the price of the car quite a bit higher. And the same thing happens with new construction in Boston.

The price you first see for a new construction home is just a base price. Getting even minimal upgrades will be pretty expensive – and this is on top of the fact that a new construction home typically costs about 20% more than an existing home.

UNEXPECTED DELAYS

This one is so frustrating.  A final con of new construction, which can be a huge and costly headache in some instances, is the potential for unexpected and sometimes extended delays. New construction is rarely delivered right on time.  Mother Nature doesn’t always cooperate, so the completion of your new home may not happen when it’s supposed to. Long rainy spells or ice and snow can delay your move-in for weeks.

So, after reading these pros and cons, do you buy new construction in Boston or an existing home? If you’re still having trouble determining which is best for you, let us provide some expert guidance. Find out how our agents at NextHome Titletown Real Estate can help you make the right choice. Contact us today at (617) 657-9811.


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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at November 28, 2020 12:30 PM ET

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