Here are five reasons from Real Times why you might be better off buying an existing home. They can be cheaper. New homes are priced on construction costs per square foot now while older homes were built for less.
Landscaping tends to get better with time.
New neighborhoods can look barren for the first few years until the trees and shrubs grow in. With an established neighborhood, what you see is what you get. It is impossible to know whether a new neighborhood will develop in a way that you find pleasant. You may have better negotiating power with an existing homeowner than with a builder. Where all the yuppies are Young urban professionals in Tampa are apparently paying more for starter homes than young urban professionals in Miami, according to a recent Wall Street Journal real estate index.