What’s the Best Home Option for You?

Categories: Buying a New Home | Posted: September 15, 2017

Making your Decision

With so many options to choose from, how do you choose the right home for you and your family?

Whether it’s a move-in ready home, resale, or building on your lot, we’ve got your definitive guide to it all right here.

Resale Homes

A common way to purchase a “new” home, resale homes are houses that have already been built, lived in, and are now being sold by the previous owner.

One benefit of buying resale is you can often get these homes at a discount, but unfortunately, that discount can often come with a price to pay in quality. Here are just a few risks you can run when buying a resale home versus a new home:

  • You won’t have any control over selections, finishes, etc.
  • The builder will be able to address any imperfections before move-in.
  • A new home typically comes with a builder warranty for at least one year.
  • Resale homes often have older appliances, amenities, etc. and may be outdated.
  • A desperate seller can have a negative impact on property values.

Quick Move-In or Move-In Ready Homes

If you’re short on time, or just don’t want to wait through the building process, buying a quick move-in home (also called a move-in ready, spec, or inventory home) could be the right choice for you. A quick move-in home offers the same shortened process of a resale home, but with the benefits of a brand new build.

You’ll have less control over the selections and finishes – and, depending on what stage of construction the home is in, you might not be able to adjust them at all.

However, you’ll still get the big benefits of buying a new home directly from the builder:

  • Newly constructed homes are the best option for “green” living – this can save you money on utility bills while also protecting the environment. Our hybrid homes, for example, offer significant energy savings where it matters most.
  • Choices, choices, choices! With a builder, they’ll be able to show you around various floor plans they build that are available for sale. This means that if you really love a builder’s work but aren’t quite sold on a specific house, they’ll still have more they can show you.
  • Save on replacement costs. Since a quick move-in home will have brand new appliances, you won’t need to make updates or upgrades. A resale home, on the other hand, will likely need appliances or features replaced depending on how old the home is.
  • Safety. Newly built homes come with the most modern safety features to protect your family.
  • Resale value is better for newer homes. You’ll be able to get a better price for a more recently built home than for a home built 30+ years ago.
  • Many builders work with a preferred lender to offer you more options on financing. You’ll often be able to get special deals or customized financing depending on the financer.

Semi-Custom Homes

The next step up from a quick move-in home, semi-custom homes offer all the benefits of a new home along with more choices during the process.

Since you’ll be a part of the building process from beginning to end, you’ll have a lot more say in the final look of the house. At McGuinn, we offer two options that fall within this category: Best Value and Value Custom Homes.

With the Best Value Home by McGuinn, you’ll be able to choose from one of our “Your Home, Your Way” plans and then choose from a selection of options to personalize your style.

A Value Custom Home, on the other hand, goes a little bit more in depth. You may customize one of our stock plans, as well as receive expert advice from our team. You’ll still receive the same amazing amount of options.

A semi-custom home is a great option if you just want to add some personalization and have more to say in the final product.

Custom Homes

For the ultimate personalization experience, the custom home could be for you! A custom home typically has very few or even no pre-designed choices. Bring your own plan, work with the builder to create a new one, or take one they like and expand on it – the choice boils down to your preference.

At McGuinn, we call these our True Custom Homes. If you want it, it’s yours. You can bring us your plan, and we will work with you to make it a reality. Unlimited selections choices will make sure your home perfectly suits you, while our buying power ensures you’ll get the best prices for your features.

On Your Lot Homes

The ultimate custom home, a home built on your lot means that you are not limited to the lots a builder has available or one of the communities or neighborhoods they build in.

This gives you the flexibility to pick the perfect location for you and your family. With this option, you won’t have to sacrifice a home style you love just because it isn’t in the location that works best for you.

At McGuinn, we proudly offer the opportunity to both build in one of our communities or on your own lot.

The Takeaway

The options for choosing a home can be overwhelming – who knew there were so many types of houses out there!

At the end of the day, just ask yourself these questions to narrow down what level works best for you:

  • How much do you want to be involved in the building or design process?
  • Is your heart set on a certain set of selections or features?
  • Do you already have a lot or have one in mind to purchase?
  • Do you want limitless options, or do you prefer choosing from preselected varieties?
  • Are you looking for a house that offers the newest appliances and energy efficient features, or are you okay with a home that needs some updating?

If you already know you want a new construction home, you can always talk to your chosen builder as well. They can help guide you to the right option for you and your budget. Our sales representatives are happy to help you with any questions you may have about building with McGuinn!

McGuinn Homes

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