If you’re on the hunt for a New York home, then you may have noticed that there is still a lack of inventory. While there are more homes on the market than there were a year ago, we still haven’t bounced back to pre-pandemic levels. For those buyers out there who may be struggling to get an offer accepted on a previously-owned home, it may be time to think about building new. In fact, the number of newly-built homes on the market is slowly rising so far this year. While purchasing a newly built home can be exciting, there are both pros and cons to buying new. Let’s take a closer look at what you should consider when buying a newly built New York home.

Pro: Customization

One of the main advantages of buying a newly built home in New York is that you can often customize the home to your liking. Many builders offer a range of design options, allowing you to choose features like flooring, cabinets, countertops, and appliances.

Con: Potential Delays

Building a new home can be a complex process that involves many different contractors and suppliers. This can lead to potential delays in the construction process, which can be frustrating for buyers.


Pro: Energy Efficiency

New homes are typically built to higher energy efficiency standards than older homes. This can translate to lower energy bills and a more comfortable home.

Con: Location

New homes are often built in new developments that are located in outlying areas. This can mean longer commutes to work and less access to amenities like shops, restaurants, and schools.


Pro: Warranty

New homes come with a warranty that covers any defects or issues with the home. This can give you peace of mind and help protect you against unexpected repair costs.

Con: Lack of Character

New homes can lack the character and charm of older homes. This is because new homes often have a more standardized design and lack the unique features and quirks that older homes possess.


Pro: Lower Maintenance Costs

New homes require less maintenance than older homes. This is because the systems and components in new homes are less likely to break down or need repairs.

Con: Higher Price

One of the biggest drawbacks of buying a newly built home is that it can be more expensive than older homes. This is because the cost of land and construction materials has increased in recent years. However, many builders are currently offering incentives such as cost reductions and construction upgrades to help entice buyers.


Pro: Modern Design

New homes often feature modern designs and layouts that are more suited to contemporary living. This can include features like open floor plans, high ceilings, and larger windows.

Con: Limited Landscaping

New homes often come with basic landscaping that may not be fully developed. This means that buyers will need to invest time and money in landscaping and outdoor improvements.


Contact Keller New York today

Buying a newly built home can offer many advantages, but it is important to consider the potential drawbacks as well. By carefully weighing these factors, homebuyers can make an informed decision about whether a newly built home is right for them. If you’re interested in a newly built New York home, then contact the Keller New York Bronx office at 718-697-6800 or the Eastchester – Scarsdale office at 914-713-3270. Our team has expert knowledge of New York real estate and we’re available to answer all your questions. Contact us today!