recent study by Harris Poll revealed that, for the same price, forty one percent of Americans would prefer to buy a newly built home instead of an existing home.
Twenty one percent prefer an existing home while thirty eight percent didn’t have a preference.
However, those desiring a new home may not be prepared to ante-up the difference in price.
Only forty six percent of those who strongly prefer a new home are willing to pay at least 20 percent extra* to purchase a new home versus a comparable existing home.
*Trulia estimates “that new homes built in 2013 or 2014 are typically priced 20 percent higher than older homes of a similar size and location.”
Thinking of making a move?
Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.
Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com
Jim Starwalt, Real Estate Broker
Find Me Online
Home Buying 2014: New Home versus an Existing Home