New construction isn’t everything. While most recent buyers who bought new homes were looking to avoid renovations, those who purchased previously owned homes often did so for a better price.
With new construction, you can take part in choosing colors, and customizing your home (if you are involved in the process early on), but pre-existing homes also give the opportunity to stamp your personality on your home as well.
Renovations can be large scale projects – a new bathroom, kitchen, or addition, but they can also be as small as repainting a few walls or replacing your flooring. Often you can save money purchasing a pre-existing home, leaving you available funds to remodel it to suit your needs.