Making the Right Choice: Is it Better to Buy an Existing Home or Buy New Construction?
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- เผยแพร่เมื่อ 30 ก.ค. 2023
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I'm team resale. Nowadays a lot of these builders are putting out shoddy products. The homes look good but are crappily built with hidden problems. I want something from back in the day when homes were built to last!
Thanks for watching!
Thanks for all the info you give us it is very helpful.
100% agree.
Exactly!!!
Team new construction, the ‘sellers’ in my area took the housing bubble wayyyy too far! Listing homes they haven’t updated since 2006 (that they bought for $100-$200k) for close to $500k, if not more! Same old dusty carpet, yellowed shower walls and yucky cabinets, but somehow they think their used house is worth 1/2 million dollars! Chile anyway soo… new construction it is!
😂😂 Yes, I’ve been in awe with what I’ve being seeing. Help Lord 😅
My three favorite channels: Shaheedah Hill, Stock Brotha, & Ling and Lamb. Make my week complete! 🔥 🔥 🔥
Team resale! Just get a resale that has been totally renovated. Best of both worlds.
@nisey088 Thank you for watching
At this point I've given up on qualifying for a home i just watch your videos for entertainment and i appreciate your knowledge!
😢 at times I feel the same - Please Don't give up yOUR time will come 🙏🏽 Stay Blessed and Positive!!!
Never give up!!!! Pray and have patience
Stay in the game Miss Jones, it will happen. It is just a crazy time, but this too shall pass.
Homes are too expensive. I need a salary of $200k a year to feel comfortable enough to purchase the house I want. I tried to make youtube a career, but they did not work out. MissJones just keep saving and investing your money, the market is bound to turn around in our favor.
Team Resale! I enjoy the character, freedom to be & change, lot size, and stronger build of resale/older homes.
Team New Construction. As empty nesters, we didn't want the bigger yard. Also, the community facilities are more modern and new. It's really exciting to watch our house come to life. Plus, super helpful to know exactly where the pipes, etc are behind the walls, talk to the project manager about the material they are using and how it's been adapted to the region's climate (for eg, concrete pour in these extreme heats). The one downside for us, as you mentioned, was the limited options we had. with the interior colors, carpets. Saying that though, the new build was closer to our likes than any of the resale properties.
New construction is beautiful and everything is well new, but they are poorly built. It is best to buy a home built prior to 2000 as the quality of new home construction keeps going down. They make a house look pretty with cheap materials.
I am team whatever I can get. I want new construction because resale usually require some upgrades. Don’t know the groove of the home if it’s older.
Shaheeda, you are the best real estate agent on TH-cam. Hands down. I have learned so much from watching your videos. With regards to new construction, I live in the Chicago area where homes as small as 2000 square feet (in most places) are selling between 600-900k. I can't understand for the life of me how people can afford these homes. My wife and I would easily qualify for one of these expensive homes, but we believe in living below our means (as anything could happen). At some point, we plan to build a home (team new construction) though it will likely be in an area where it doesn't cost as much to build. Keep up the good work!
Thank you so much! Yes, there are many people living beyond their means, its more important to LOOK like they are doing well, than actually doing well.
Team resale. I've had the worst neighbor experience in neighborhoods where the homes are 5ft apart. I need some acreage 😅
Team new construction
Team New Construction! Thank you for taking out the time to give us this information 😊
Thanks for watching!
New construction all day! In California it's way more expensive to buy a resale than it is to build from the ground up
Thanks for watching!
Same in Arizona!
Both for various reasons, however my husband and I bought resale townhouse with a fully finished basement upper and lower patio very rare inNC I’m happy
Congratulations!!!
I would like new construction, but I would rather buy resale than to deal with the association.
I’m team new construction but yes it’s on a smaller lot and further from the city.
I’m literally processing through this same dilemma 😢 I don’t want to be an adult
Thanks for watching - adulting is hard but worth it🙂
New construction 100%. Coming from out of town. I couldn't do an existing home. By the time that I found a home, fly to Atlanta to see the home. It would already have multiple offers on it. So I was forced to buy sight unseen. Which really worked out Fantastic!. My realtor was the best. He went by the construction lot and took pictures/videos each week until completion and even went to 3 inspections. And there's something special about being the first to live in my new home. Thank John Osgood for being my eyes and hears. I couldn't have done it without you. And by the way, a small backyard works for he in this slave heat Georgia sun. Thanks
This is what I’m going through right now. So, I’ve decided on new construction. Trying to narrow down an area. I was wondering how’s the safety in Douglasville, McDonough, Conyers, Fairburn, And Locust Grove. Congrats on your new home!
This agent covers many of those areas and she is great, contact her - www.youtube.com/@MovingtoAtlanta-LaurinaRealtor/videos
That is awesome! Welcome to Atlanta!
@@ShaheedahHill Thank you!
Team Resale! I feel that the foundation is stronger. Now a days homes are being built with a thinner type of wood. I don't know. Just that, when I drive around and see the new constructions being built, I see flimsy homes. Even the standard of building materials used to build homes have laxed. But also, I don't like the aesthetic appeal of a home having panels on the outside of a home. I REALLY like a cement and or stone finish on a building. It gives it a rich appeal to me. Rich meaning more fortified. I was commenting on your last video about the inspection a house I'm interested in had. The company that owns the property is going to fix the HVAC problem and give us $1,200 towards further repairs. They had already put a new roof on it and new flooring. My heart is kind of really set on this home therefore I hope the appraisal doesn't come in low but hits the mark or higher. By the way, love your shirt. The color looks good on you, as well as, the lipstick colour. Honestly, I hope I am not setting myself up for failure. I have been going to Douglasville to scope out the area and even the mall you mentioned in one of your videos. The mall was popping on Saturday. LOL. The department stores had lots of nice clothes and shoes for little girls. I took my children to Sweetwater also. I wish that I could wish myself that home and have it. Shaheeda, I owe you a nice gift if I get that home. LOL Also, I don't like the communities where all of the homes look the same. It's kind of an eye sore to me.
Thank you and yes, it is back to school in Douglas County so it is packed. Good luck with the house!!!
Currently in the homebuying process, I have watched so many of your videos. You truly are a rare gem! May I please please pay for your services as a realtor? Or consultation?
What area are you in? You can email me at info@shaheedahhill.com
I bought a resale that was totally renovated inside with all new appliances and flooring, however closet space is an issue so i like new construction for the closet space
Congrats!!
Based on what I’ve been approved for resales are my only options unless I commit to being 1-1.5hrs from metropolitan area for a new construction with lower purchasing price. I would love a new construction but with my loan and desire to get moved in, resale seems like my best YES for the time being.
Ok team resale...good luck on the home search
I’m team resale especially from year 2000. Just closed this passed Friday. Thank u so much for all you videos.
Congratulations! I am tapping into this blessing so that I may close on the 22nd of August or before that.
Congratulations on your new home!!!
@@ShaheedahHill please do you have a recommendation of smart locks for the house?
Thank you.
Your points video is the best explanation I’ve seen on TH-cam! Thank you for giving me the confidence and knowledge to buy my first home
Aww, that means a lot. Thank you!
Side note --- upload some videos, I clicked to see some Opulent Living 🙂
Thanks! Great content sis. as always I watch you because you make me think about things I may have overlooked or even thought of. Useful, valuable information thanks again have a blessed day.
Thank you so much for the super chat, I really appreciate it.
At first I was thinking about New Construction BUT didn't want the HOA & Now I'm thinking about resale because I like to build things in my backyard ie: playhouse , doghouse or a privacy fence..
New construction is trash by big boxstore builders.. if you have build a home custom on your own that's a diff story quality is probably there..
I went with resale because of yard space and I got a bigger house too for the same price
Thanks for watching and congratulations on your home.
Shaheeda, I think I you should throw in some style with your videos. For example, show us the shirt you're wearing and where you got it from. Maybe throw in that bonus at the end of your video.
Good idea, thanks for the suggestion!
I Am Team Resale Cause I know that in the Long Run Buying a Resale is Better due to me wanting a yard so I agree
Team New Construction. If you find the right lot and Acres you want you can build the home of your dreams that will last
Team resale for the land.
Thanks for watching!
Great Advice
@manuelwilson3980 Thank you for watching
There is no new construction houses in my State or better in the areas I am interested. There are pros and cons with both but with resale the square foot is bigger/ bedrooms are larger and that's a plus so I am going for the resale homes, great information ❤👏
Thanks for watching!
I’m Team New, but living GA the homes are extremely expensive. Unless I’m willing to move 2 to 3 hours away from the metro area it’s almost impossible to find reasonably priced new homes.
Team resale. Great advice.
Thanks for watching!
Definitely team Resell,
Great video /Good Info
I love the flexibility in Buying a Resell 🏡 🤓👍🏿📶
Team Re-Sale!!
@ritaandleo Thank you for watching
Im team new construction
Team resale in Louisiana over here
New construction hands down.
Team new construction all day!!!
What’s the purpose of having HOA? It seems to a ripp off, for someone to tell me what I cannot have on what I purchased
Here is a video about HOA's - th-cam.com/video/F7b4hau8VhU/w-d-xo.html
Great content! Team resale
Thanks so much for the super thanks!!!
Team resale. Much more house and land for your money.
Old is gold
Love that! Thanks for watching.
New construction
Team resale
You missed a con: No more individual Mailboxs
@@AriGirl5050 that's a good one!
#TeamNewConstruction
👍🏾
Thanks for watching!
Resale
I’m looking to buy in a few years I’m not sure if I want a resale or a new construction I’m torn between the two.
Thanks for watching!
Resell please!!!
Are you familiar with partnership between NACA and Vantem and making new construction more affordable. I know these are factory built homes, but not trailers.
No I'm not, but you can do NACA at any new construction subdivision, as long as you qualify for that price point.
Can you make a video on the accepted forms of payment for mortgages? I believe most people have their bills on autopay with a credit card, but will surprised that for the length of their mortgage, credit card payments wont be accepted. Could you explain this reasoning in a video?
Since credit card companies charge fees per transaction most lenders will not allow credit card payments. It is less profitable for them.
@@ShaheedahHill Oh wow. that is interesting. Thank you for the help. Awesome content, I'm a proud subscriber!
Existing home!
Thanks for watching!
@@ShaheedahHill Absolutely! You’re phenomenal! You are my fellow Israelite Queen with a wealth of wisdom!👍🏾
Resale homes
The new homes have cheap materials now it not worth the money
Thanks for watching!
HELLO MRS.HILL LIVING IN NEWYORK RENTING NOW..STARTED LOOKING 2 PURCHASE OUR FIRST NEW BUILD HOME WITH RELIANT HOMES (IN WINDER GA) QUESTION ARE YOU FAMILIAR FAMILIAR WITH THIS BUILDER??
I have heard of them but not too familiar. Make sure you have an agent to represent and update you during your build.
Is a low DTI frowned upon by lenders? Ours is 26%.
Low DTI's are great, that means less of your income is going to debt payments, the lower the DTI the better!
@@ShaheedahHill Thank you!
Do you need owner title insurance for a new construction home?
I recommend it for new and resale, you never know how the builder aquired the land. The lender will require you to pay for a policy to protect them so you should just get one for yourself as well.
Hi, do you think it's better to just buy land and build your home on it or to purchase?
Depends, it can be done but not as easy as it sounds, most people do conventional construction loans or USDA construction loans. Here are my videos on those 2 options:
Building on Your Own Land - th-cam.com/video/FvrN0NWJi10/w-d-xo.html
USDA - th-cam.com/video/NMPvL25fWZI/w-d-xo.html
@@ShaheedahHill Great!!, thank you 🥰 😊
Hello. You had a guest from Atlanta, male, who is a mortgage specialist. He discussed different types of loan programs for new home buyers. Are you able to direct to that video, or provide his name. Please and thank you!
I believe it may have been Kevin Jefferson, he has a TH-cam channel as well. The People’s Lender
@@missrachelrue Thank you!!!
Yes, Kevin Jefferson www.youtube.com/@thepeopleslender/videos
Mrs. Hill, what about buying a resale house on a 203K construction mortgage? Good idea, bad idea?😁 Why?
I think it is a good idea but not that easy to get done. You really need reliable contractors and a lender that has a lot of experience. I have 3 203K videos, watch all 3. Here is Part 1 th-cam.com/video/jXOmIKbtXSg/w-d-xo.html and Part 2 th-cam.com/video/RcQIBxmZTYA/w-d-xo.html
I have a question. If I want to go buy a house WHAT IS THE FIRST THING I NEED TO DO?? Go get a realtor or qualify for a loan??
Get a loan (Lender), so you can see what you can afford before you start looking.
@@MRC5981 I can’t read your message in here crying out tomGod this is so wrong. Lord please show me favor… Monique THANK YOU SO MUCH FOR THIS. ❤️❤️❤️❤️
I recommend the agent first just so you can get some of their preferred lenders. Often when first time buyers find their own lender they sometimes they don't get the customer service they would if that lender was a referral from an agent. Here is my video on the 8 steps I recommend - th-cam.com/video/2HHQg7PnK8k/w-d-xo.html
@@ShaheedahHill GOD BLESS YOU FOR THR WORK YOU DO.
@@ShaheedahHill I did make it to work so thank my God for that I will watch the video today.
Resale all day for me...I hate hoa's 👎
Thanks for watching!
@@ShaheedahHill you're welcome
10 or 12 year old is end of life? I’ve got jeans that are easily past their end of life then
10-20 years in most cases, sorry if I said 12...I meant 10-20. This is when the water heater, roof, heating/air sytems may be at the end of life.
paper thin walls
which ones? the new construction?
@@simplyroyalty7458 the new construction that is being built all over georgia, conyers/dekalb/riverdale. small and have no back yards at all. most of the boxshomes are together with paper thin walls and asking $300k to 400k with paperthin walls
@@entrepreneur1013 oh wow. I didn't know about the paper thin homes. It's gotten out of hand in Texas also the new construction homes are also very close together with small backyards now you cannot find anything below $200000. Everything is 300000 to 500000. And the HOA on these homes? Omg I've seen 900$ a month when Texas already has one of the highest property taxes in the country. I wanted a new construction so I'd been first to live there but the way it is looking now Is rather the resale in future. I cannot stand the thought of neighbors being right alongside me and behind me like I'm living in a condo
I just received a letter my rent is going up by $300 in Nj is that legal??
Unfortunately it is they can continue to raise the rent. They put it in your lease
😡 That’s a pathetic shame!!! The Bible forewarned of the wickedness and greed of the elites, as well as the fact that He will be destroying them! Worse than that, their number one target is to prey on the poorest of people!
@@diamondbuford54😢
@@diamondbuford54 I have not had a lease in 11 years
@@WinDiva4YahushaHaMashiach OMG I don’t know what I’m going to do. I’m shocked right now. Found the letter in my mailbox just getting home for work and come to this. My GOD!!
Team new construction
Thanks for watching!
Team resale
Thanks for watching!
@@ShaheedahHill thank you for posting. I'm currently shopping for my first home. Excited and nervous. Thanks again for the information!