New Homes vs Existing Homes

New Homes

Freshly constructed homes have good quality control standards, newer construction techniques, and better energy efficiency than many older homes. They often carry a 1+ year warranty and good financing options. The downside is that while they are easy to get into, it is very difficult to sell them for a few years (especially if the builder is still in the subdivision), and the final price is often higher than an older home (though they usually require very little up-front money, and many builders will give thousands of dollars of upgrades and incentives.) The neighborhood will not be established, there will be very few shade trees like in an older neighborhood, and it will have more of a frontier feel. If you like ?new? and ?shiny? like a new car, then the clean smell of a new home will be your thing.

Existing Homes

These are owned by homeowners who want to sell their homes. They have been seasoned, and may be better constructed than newer homes. Many people like the fact that they have the charm and history of having been lived in - in fact, many buyers think that a new home is "cold" if it hasn't been lived in. Their age gives them respectability, and they are in established neighborhoods with tall trees and established neighbors and schools. They may be funky/customized with interesting quirks. These are for people who like "established" OR "different." They are much easier to sell soon after you buy one. Many also carry a 1-year warranty. They may not appeal to people who like being the first in a home or who want one built especially for them.

Which do you like better - New or Existing? People who like one may not like the other, though there are many exceptions who like both.

Posted by Jim Hobson on December 13, 2008 at 12:00 AM

About Jim Hobson
Jim Hobson is affliated with Varner Real Estate, Inc., which is located in Vicksburg, MS. For further assistance please use the contact information located on the right.

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Local Information for Vicksburg, MS

Latitude: 32.335986 -- Longitude: -90.875356

ZIP Codes for Vicksburg, Mississippi	39180 39181 39182 39183
Area Code for Vicksburg, Mississippi	601
Time zone for Vicksburg, Mississippi	CST

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Incorporated in 1825, Vicksburg was created from the community of Walnut Hills and named after Newitt Vick, a Protestant minister and conscientious objector to the War of 1776. During the Civil War, Vicksburg was the site of the Battle of Vicksburg, an important battle in which the Union defeated the Confederacy and gained control of the entire Mississippi River. The battle, also known as the Siege of Vicksburg, consisted of a long siege brought about by the fact that the city is located on a high bluff overlooking the Mississippi River and thus was largely impregnable to invaders. The capture of Vicksburg and the simultaneous defeat of Lee at Gettysburg marked the turning point in the American Civil War. Because the city fell on July 4, 1863, the people of the city did not celebrate Independence Day for the next eighty-one years, until 1944. -- Source: Wikipedia.com

Mississippi 2000 Census Population Profile Map

	Vicksburg	Mississippi	United States
Population	26,407	2,844,658	281,421,906
Median age	34.3	33.8	35.3
Median age for Male	31.8	32.2	34
Median age for Female	36.1	35.3	36.5
Households	10,364	1,046,434	105,480,101
Household population	25,806	2,749,244	273,643,273
Average household size	2.49	2.63	2.59
Families	6,611	747,159	71,787,347
Average family size	3.15	3.14	3.14
Housing units	11,654	1,161,953	115,904,641
Occupied units	10,364	1,046,434	105,480,101
Vacant units	1,290	115,519	10,424,540

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New Homes vs Existing Homes

Local Information for Vicksburg, MS

Latitude: 32.335986 -- Longitude: -90.875356

Enter our Photo Sweepstakes and Win $200 for your Vicksburg photos!

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