The Benefits and Drawbacks of Buying New-Construction Homes
January 20, 2021By Maggie Li
The Benefits and Drawbacks of Buying New-Construction Homes
In towns like Needham and Weston, new-construction homes are popping up as developers replace older structures. Is 'brand new' always better?
The Benefits
- Modern Layouts: High ceilings and open-concept living that you won't find in a 1920s colonial.
- Energy Efficiency: Lower utility bills thanks to modern insulation and HVAC.
- Warranties: Most builders provide a one-year 'fit and finish' warranty.
The Drawbacks
- Character: You might miss the original woodwork and stained glass found in Cambridge or Somerville.
- Price: You will pay a 20-30% premium for new construction.
- Landscaping: It often takes years for the yard and trees to look 'mature.'
Deciding between new-build and historic? Let's tour both so you can feel the difference.