This post is about new verses resale homes based on my recent personal experience building a new house in Del Webb Stone Creek.
New houses are new. They have a new roof, AC, kitchen ect ect. They are not flawless. New homes always need things fixed that the sub contractors missed during construction. New houses may also need additional things such as a fenced yard, additional lighting or fans, garage storage, more landscaping, closet storage and the list goes on.
Newer resales especially 55+ resales often show as good as new. A lot of the things like landscaping, storage and fencing are not improvements where you recover 100% of your cost. Some just make a house more sellable. You can often find a nice lot in a resale that would cost a big premium on a new house.
Older resales often need some renovating. You would expect to pay less for the same size house vs new. I’m selling a 1997 home with a hard to find pool looking out at the golf course in Ocala Palms for only $215K. You couldn’t be any where near that price in a new home.