If you're thinking about buying a new home, you may be considering purchasing in a new development.
How does that compare to purchasing a resale property?
Buying a newly-built home has some advantages. Depending on the development, you may have leeway in the style of the home, finishes and the lot you choose. Also, when the home is built, you'll be moving into a place where everything is brand new!
On the downside, however, you may be forced to make a decision based purely on marketing brochures and floor plans. Unless there's a model home just like the one you want, you'll be buying sight unseen. Also, there may be unpredictable construction delays - an unpleasant experience if you've already sold your current property.
Of course, buying a…