In today’s Lake Tahoe real estate market, finding a home to purchase with the limited inventory available is a tricky task all in itself. Add in certain requirements and features within a budget in a desired neighborhood and the task at hand can feel even more challenging. With so many transplants from the Bay Area, many buyers have their eye on new construction. But with the current market being what it is, flexibility and patience is the key to success. Buying both brand new homes for sale in Lake Tahoe vs. an existing property that may be a bit older both come with pros. Let’s take a look at them below.
Existing Home
Buying older homes for sale in Lake Tahoe comes with some perks. Because new construction is brand new, negotiations aren’t always as easy or welcomed. With an existing home that has seen some memories, you may be able to negotiate on the price a bit depending on the appraisal, inspection report and market. When buying Lake Tahoe real estate, timing is crucial for both parties. If you are on a strict timeline, a new build may not be ready for move in when you need it to be. This means that an already established home may be best. Another perk to a home that is not brand new is that you can make it your own over time.
New Construction
New construction and luxury homes for sale in Lake Tahoe are niche markets I specialize in. The perks to buying brand new is that depending on when you come onto the scene, you may be able to still pick out some finishes, design details and energy efficient options, which can lower your energy costs and save you money while reducing your carbon foot print. In new Lake Tahoe real estate, you usually get to avoid maintenance issues like needing a new roof, fixing a leaky faucet, replacing appliances, etc. Not to mention, new real estate comes with a warranty that can cover your purchase for a few years.
Both types of homes are great options, and both have their own sets of pros and cons. Weigh your needs, timeline and budget with your Lake Tahoe Realtor to come up with a search strategy that best fits your goals. If you would like to learn more about the options available in our current market, feel free to give me a call. I would be happy to help!
