Looking For A NEW HOME Or A Older HOME Which Do Most People Choose Survey Says

Dated: February 7 2019

Views: 112

Do You Prefer the Charm of an Existing Home?

Do You Prefer the Charm of an Existing Home? | MyKCM

When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams?

According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home!

They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase.

Below are some reasons why buyers are interested in purchasing a new build:

  • Everything in the house is new/never used (49%)

  • To be close to family (41%)

  • The home is the best value for their money (37%)

  • Appealing home features (34%)

  • Desirable location (34%)

So, then why did most of the buyers surveyed choose not to purchase a new home?

1) Location

Buyers could not find new construction in the desired neighborhood, and some felt that new construction is not established (e.g., landscaping, community, neighbors).

2) Timing

Buyers face the end of a lease or sale of their previous property and could not wait for a house to be built.

3) Price

Some buyers felt that new construction base prices were deceiving. Adding upgrades and HOA fees no longer made the home fit in their price range.

4) Appeal

For some buyers, new construction homes are too “cookie cutter,” and models are limited. Others feel that the charm and uniqueness of an existing house trumps one that’s never been lived in.

Bottom Line

Not all buyers are looking for a newly built house! There are many buyers looking for “the charm and uniqueness” of an existing home. If you are considering selling your house, don’t wait! Let’s get together to come up with a plan to feature the charming details of your house to future buyers.


To see all the newer homes built after 1970 in stark county look here

To see all the newer homes built after 1970 in summit county look here

to see all the newer homes built after 1970 in Wayne county  look here


As always any questions please call

Ann Norton 330-412-9799

Josh Twitchell 330-412-7413

Blog author image

Ann Norton

I am dedicated to you! I will give you a 100% all of the time day or night! I will get you the house you want for the price you want! I will sell your house and get it done quickly! I think outside th....

Want to Advertise on this Site?

Latest Blog Posts

Credit Tips To Get On The Right Path

Tip #1 ON- TIME  Paymentsstart today and commit to making every single payment on time, even if its just the minimum paymentset up a reminder in your phone, computer or pad and paper (2) weeks

Read More

Looking To Buy A HOME Even If Your Credit Is Not The Best We Can Help You

This is your Chance!!!  I want you to know that we want to help you get a HOME So we not only partner with the best but have the best right here for you!!we have lenders that will get

Read More

Thinking About Buying A HOME We Want You To Get The Most Equity Out Of A HOME

Want to Make a Move? Homeowner Equity is Growing Year-Over-YearOne of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country.

Read More

Easy Fast PreApproval

Want to be Pre-Approved👀? Need more info🤷‍♀️? We want to help you have the first steps to purchase a HOME! we help you not only be ready📃but be CREDIT READY...

Read More