Myths and Misconceptions about Buying a New (or Newer) Home

Many Silicon Valley home buyers prefer to purchase a brand new home, or at least a younger one.  (Through my web tools, I that see a lot of people search online for “New San Jose Homes” or “New Los Gatos Houses for sale” or “new construction in Silicon Valley”.)

Often this is partly because real estate consumers believe that a more contemporary home will be better structurally and have nicer amenities – those are often true. (New home construction may include better materials, a more open floor plan, walk in closets and other features that are not so commonly found in resale properties.)

Just as frequently, though, a priority for these home buyers is that they expect that a new home will require little or no maintenance.  Further, some buyers are so confident in the perfection of a new home that they decline the chance to have the new home professionally and independently inspected.

Finally, some consumers are so blinded by the love of new (or remodeled) housing that they aren’t very selective and sometimes view all contractors or builders as equal.

All of these are mistakes and today I want to discuss each one.
(more…)