Should You Build a New Home or Buy an Existing One? | Lacie Packard

Guide

Should You Build a New Home or Buy an Existing One?

Both have real advantages, and I've seen both up close since getting my start with a local builder. Here's how to decide between building new and buying an existing home.

Why Build New

Why Buy Existing

The Lot Matters

If you're building, the lot shapes everything: which way the home faces, drainage, the view, and any neighborhood rules or HOA. Some lots come with a required builder, so ask before you fall in love.

Read the Builder Contract

Builder contracts are written to protect the builder. Know what's included, what counts as an upgrade, how price changes are handled, and what the warranty covers.

Still Get an Inspection

Independent inspections during construction and before closing can catch problems while they're easy and cheap to fix.

Budget for Extras

Window coverings, landscaping, fencing, and appliances aren't always included with new construction. Plan for them up front.

Not sure which way to go? Book a call. I'll help you compare real options side by side.

Common Questions

Do I need my own agent to build a new home?

It's a good idea. The builder's sales staff works for the builder. Your own agent can help you compare builders, review the contract, and negotiate.

Should I get an inspection on a brand-new home?

Yes. Even good builders miss things. Independent inspections during construction and before closing can catch issues while they're easy to fix.

How long does it take to build a home?

It varies with the builder, the plan, and the season. Ask each builder for a realistic timeline and what happens if it runs late.

Written by Lacie Packard, REALTOR®, White Spruce Real Estate, Keller Williams Realty Sioux Falls. Updated October 2026.

Have questions?

Let's Talk About Your Next Move.

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