If you’re hesitant to buy a home because you’re worried about maintenance, here’s some info that might help you out about new home construction and existing homes (those that have had previous owners).

Newly Built Homes Need Less Upfront Maintenance

If your budget allows, a newly built home might be the way to go to ease your worries about maintenance costs. Think about it—if everything in the house is brand new, it won’t have the wear and tear you might see in an existing home. That means fewer repairs. As LendingTree says:

“Since the systems, appliances, roof and foundation are new, you’re less likely to pay for major or minor repairs within the first few years of homeownership. That can make a big difference for first-time homebuyers who are adjusting to owning rather than renting.”

Plus, many builders offer warranties on their homes that cover major expenses. First American explains:

“The new systems in your home, like plumbing, electrical, and HVAC, are typically covered for one to two years by your builder’s warranty. When something happens to these systems, you contact the builder or their warranty company.”

Existing Homes Can Still Have Great Perks

But don’t think only new homes come with warranties. Existing homes can have them too.

Your agent might help you negotiate with the seller to add a warranty as a concession. Not all sellers will agree, but it’s worth a try. If not, you can always buy one yourself. Forbes notes:

“During a real estate transaction, a home warranty policy can be purchased by the buyer or the seller.”

And these warranties benefit both parties. MarketWatch says:

“A buyer’s home warranty benefits both buyers and sellers, as it helps the seller close the deal while providing the future homeowner with peace of mind that they’ll be covered if a system or appliance breaks down. Sometimes, a seller will pay for the first year of the home buyer’s warranty to sweeten the deal, but it depends on the real estate market.”

If a home warranty interests you, talk to your agent. They can negotiate on your behalf to see if the seller might cover it. Just remember, whether a seller agrees can depend on your local market.

So, Should I Buy New or Existing?

While new construction means less upfront maintenance, existing homes offer character and charm that’s hard to replicate. Older homes can feel more homey and often have established landscaping and a sense of community. Plus, with new construction, you might have to wait for the home to be completed. It really comes down to what matters most to you.

Bottom Line

Whether you go for a new or existing home, a home warranty can help ease your maintenance concerns. To figure out what’s best for you, chat with the pros.