Q&A: Fixer-upper vs. New Construction
Q: What’s a better investment – total fixer-uppers, existing homes, or new construction?
A: We hear this question a lot, both from out-of-towners and locals, and it is really a matter of preference.
Historic Lewes homes have a strong draw if you like charm. If you have the time and can afford to renovate a home in the Lewes Historic District, for example, there are some wonderful opportunities to live in a town where you can walk to everything.
Re-sale homes are often great values. Our market has many homes that the original (or only second) owners are selling, which they bought new. These homes can be inexpensively upgraded, so in general, you can get a great value buying a resale over new construction.
New construction is definitely a hot ticket right now and offers the latest trends in materials and customization. Many buyers come from a traditional home they have lived in for 20+ years and just won’t consider anything but new. Many local builders make it so easy to design and make selections that building a new home is fun and not the hassle it once was.
No matter which direction you take, The Lee Ann Wilkinson Group can connect you to different types of homes and property options throughout the Delaware Beach communities, both east and west of Route 1. Please feel free to call us at (302) 645-6664 to explore your options!
As the top selling Realtor in Sussex County for 2014, and the #8 sales group for BHHS nationwide, The Lee Ann Wilkinson Group delivers "Superior Service, Outstanding Results," 7-days-a-week!