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Buying a home in Greenville, SC comes with one big question: Should you buy a new construction home or a resale home?
Most people assume a brand-new home automatically costs more but the data in Greenville tells a very different story. In fact, new homes are often the more affordable option, and they come with benefits many buyers overlook.
Below, we’ll break down the pricing, incentives, pros, cons, and long-term considerations to help you make the best move for your budget and lifestyle.
Are New Homes Really More Affordable in Greenville?
Surprisingly, yes. Over the last 12 months, the numbers show a clear trend:
- Average new construction home price: $360,000
- Average resale home price: $416,000
That means new homes are 13% more affordable than resale homes in Greenville. And the cost difference is only one part of the story.
Builders have been competing heavily in the affordable price range. With more inventory on the market, they are offering incentives that homeowners in resale neighborhoods simply cannot match.
Why Builders Are Offering Better Deals
Builders are not making emotional decisions. They want to move inventory quickly, which leads to better opportunities for buyers, such as:
- Lower interest rates (often 1 to 2 percent below market)
- Paid closing costs
- Free appliances like refrigerators, washers, dryers, and blinds
- Upgrades added to attract buyers
These incentives can save you hundreds or even thousands of dollars per month depending on your loan size.
Watch the Full Video Here:
The Advantages of Buying New Construction
1. Warranties Create Peace of Mind
Most new homes in Greenville come with a 1 2 10 warranty, covering:
- 1 year: Everything in the home except landscaping
- 2 years: Electrical and plumbing inside the walls
- 10 years: Structural components
This protects you from surprise expenses that older homes sometimes bring.
2. Better Energy Efficiency
New homes include:
- Better insulation
- High-efficiency HVAC systems
- Modern windows
- Updated construction materials
This often leads to lower monthly utility bills.
3. Customization Options
Depending on the builder and build stage, you may be able to pick:
- Floor plans
- Flooring
- Countertops
- Bathroom finishes
- Cabinet colors
Your home can feel more “you” from day one.
The Case for Resale Homes in Greenville
New construction is not the best option for everyone. Resale homes offer unique benefits including:
1. Established Communities
Think mature trees, trails, community events, and neighborhoods with a personality that has developed over time.
2. Prime Locations
Most of Greenville’s best central locations were developed years ago, so resale homes often give you:
- Shorter commutes
- Closer access to shopping
- Proximity to top schools
3. Larger Lots and More Character
Many resale homes offer:
- Bigger yards
- More distance between homes
- Architectural charm
- Unique floor plans
This is ideal if you prefer a home with history or individuality.
4. Stronger Long-Term Appreciation
Because resale neighborhoods often have less competition and no builder incentives nearby, they may experience:
- Higher equity
- More predictable resale value
For buyers thinking long-term, this can be a major advantage.
New vs Resale: How to Decide What Fits You
Here are key questions to guide your decision:
1. What is your timeline?
Need a home immediately? Some new builds are move-in-ready, but choices for customization will be limited.
2. How important is your commute?
If you want to stay close to downtown Greenville, resale homes offer more options.
3. Do you prefer predictability?
New builds come with warranties that reduce financial surprises during the first few years.
4. What lifestyle are you seeking?
Love character and large lots? Choose resale.Want everything fresh, modern, and low maintenance? Choose new construction.
Ready to Find Your Perfect Greenville Home?
Find Your Best Fit in Greenville Real Estate
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