Buy a new home, or fix up an old one?

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Posted: September 15, 2019 - Homebuyer's Blog

If you are deciding between buying a new construction home or buying an existing oYoung woman comparing A with B.lder home, Hartz Homes gives you five things to consider.

  1. There is nothing passive about buying an older home and getting it fixed up the way you want it. It’s a job – often an intense, demanding, and stressful one. It’s a ton of work and you need to know that going in.
  1. It’s important to add up the total cost of fixing up an existing house and comparing it to the price of a new house to determine the best course of action. According to the Remodeling 2019 Cost vs. Value Report, the average costs for remodeling a bathroom in the Chicago area is $26,909, and a kitchen remodel is $79,825. What’s more, you typically do not recoup the cost of remodeling when it’s time to sell. For example, the Value Report shows that, on average, you’ll only get back 55% of the cost of a mid-range kitchen remodel and 60% of a bathroom remodel.
  1. New construction is meant to last for a while, so new-home owners are not likely to install a new roof or replace the water heater…at least not for 10 to 20 years. You can spend your time enjoying your home…not repairing it.
  1. When buying a new home from a reputable builder, like Hartz Homes, you have the peace of mind a new home warranty provides. Click here for information on the new home warranty from Hartz Homes.
  1. New construction homes are typically much more energy efficient. They are also “up to code” with the latest safety features

Deciding what type of home to buy can be very emotional. To many homebuyers, there’s nothing like owning something that’s brand new and has never been used. Yet, other homebuyers like the challenge of adapting an existing home to meet their needs. Good luck in weighing the options and making the best decision for your situation.

Please check out these new home communities from Hartz Homes:
Armitage Pointe of Addison, Illinois (Chicago area new home construction)
Bella Vista Townhomes of Bolingbrook, Illinois (Chicago area new home construction)
Blue Bell Ridge of Bolingbrook, Illinois (Chicago area new construction)
Lago Vista of Lockport, Illinois (Chicago area new home construction)
Leigh Creek of New Lenox, Illinois (Chicago area new home construction)
Marquis Pointe of Montgomery, Illinois (Chicago area new home construction)
Marywood Meadows of Montgomery, Illinois (Chicago area new home construction)
Nantucket Lakes of New Lenox, Illinois (Chicago area new home construction)
Park West of Manteno, Illinois (Chicago area new home construction)
Playa Vista of Plainfield, Illinois (Chicago area new home construction)
Shannon Estates of New Lenox, Illinois (Chicago area new home construction)
Sky Harbor of New Lenox, Illinois (Chicago area new home construction)
Whisper Creek of Mokena, Illinois (Chicago area new home construction)

Hartz Homes has new home communities in:
Addison, Illinois (Chicago area new home construction)
Aurora, Illinois (Chicago area new home construction)
Bolingbrook, Illinois (Chicago area new home construction)
Lockport, Illinois (Chicago area new home construction)
New Lenox (Chicago area new home construction)
Manteno, Illinois (Chicago area new home construction)
Mokena, Illinois (Chicago area new home construction)
Montgomery, Illinois (Chicago area new home construction)
Plainfield, Illinois (Chicago area new home construction)