Source: Motley Fool —
There are plenty of good reasons to purchase a newly built home. For one thing, you may get a chance to customize different features to suit your taste. And when you buy new construction, you get to move right in. You don’t need to worry about renovations or upgrades because you can take care of those during the construction process.
But new construction has its drawbacks, most of which are financial. Because a newly built home will generally cost more than a comparable existing home within the same neighborhood, you could get stuck taking on a larger mortgage. And that’s just one downside. Here are a few more reasons you might regret your decision to buy a newly built home.