Deciding to purchase a home comes with many other choices, including the decision to buy completely new construction.
While there are plenty of reasons brand new builds are so appealing to homeowners, some factors may incline buyers to go with a more established property.
So what’s the right choice for you?
New Construction Versus Established Properties
There is something attractive about a brand new, sparkling clean home that has never been lived in by anyone else. This factor alone draws many people to new builds.
With new construction, there is no need for updating or renovating. New builds are complete with modern designs and finishes, and often the latest technology and coolest amenities.
New builds can also make great investments. They enable owners or landlords to avoid the regular maintenance and repairs that often come with older homes.
Some new builds enable the buyer to personalize the home, ensuring the details within are unique and custom. Additionally, many new homes are in up-and-coming areas with high rental demand and excellent returns, making them a great investment.
Sometimes a homebuyer may-opt out of buying a brand new home. This is often the case for buyers who are interested in more of a fixer-upper. Older homes can also make excellent investment properties, especially if the buyer can purchase it at a fair price and renovate to increase the home’s resale value.
As you compare new construction to established properties, it’s important to keep in mind that material costs are expensive. Building a new home with quality materials is not cheap, but neither is renovating an older place with new materials.
Both choices come at a cost, but it is ultimately up to the homeowner to decide which route makes the most sense for them.
LLCR’s New Construction
Luxury Living Chicago Realty is excited to announce our website’s “New Construction” page. Here you can find all of the available new developments here in the Windy City.
At the moment, there are multiple new properties worth considering. Check out these brand new buildings throughout Chicago:
- 1400 W Monroe – Located in the booming West Loop neighborhood, this new construction building designed by MoJo Summer features modern layouts, custom-designed kitchens and loft-style windows that allow for natural light, and spacious suites.
- Cirrus – The beautiful building features luxury condos in the popular Lakeshore East neighborhood. Each residence includes sleek and modern finishes, 9-foot ceiling heights, quartz countertops, energy-efficient Bosch and Gaggenau appliances, floor-to-ceiling windows framing unique views of the city and Lake Michigan, and more.
- Norweta – These unique 2- and 4-bedroom condominiums provide residents a charming living experience in the heart of Lincoln Park. Each meticulously crafted unit boasts perfect room dimensions, tons of natural light, and wide-open layouts that work for every stage of your life.
To learn more about our new construction or tour one of the latest luxury condos in the Chicago market, connect with one of our agents today.