New Construction vs Existing Home: Worth the Cost? - Milwaukee

When you are looking at $400k used homes, does it make sense to spend more on new construction? The cost of new homes has gone up in 2022, but you can still get a new build for under $500,000 - but is it worth it?
Other great videos:
Downtown Milwaukee: • Living in Milwaukee: D...
Whitefish Bay: • Living in Milwaukee: W...
Pros and Cons of New Construction: • New Construction Pros ...
10 Easy Steps to Buying a Home: • How to buy a house in ...
How To Win A Bidding War: • How to get your offer ...
How Much is My Home Worth? • How Much Is My Home Wo...
Living for FREE in a Milwaukee Duplex: • Which Type of Duplex i...
About Marcus:
Marcus Auerbach is a top 1.5% agent in the Greater Milwaukee Area. He lives in Mequon, an engineer by trade, w/ corporate management background, real estate investor, he is the owner of On Point Realty Group / Keller Williams North Shore.
Contact information:
cell: 262 671 6868
email: [e-mail]
Website: OnPointRG.com
Service areas include most of the Milwaukee metro area: Mequon, Cedarburg, Grafton, Port Washington, Shorewood, Whitefish Bay, Wauwatosa, Milwaukee, West Allis, Brookfield, New Berlin and more.
Download the free guides at www.onpointrg.com

[@jaberan25]

I love that many newer builds tend to have a flex space. Perfect for a play room or home office rather than having to buy an existing, older house with an additional bedroom

[@MarcusMKE]

Exactly! Plus, nobody uses a formal dining room anymore, at least not more than twice a year..

[@timmartin4442]

Thanks. I prefer the older home with character and neighborhoods that are walkable but I can see the appeal to young families with kids to the new build

[@linamanrique7912]

I love new construction!! Houses look very nice and big

[@MarcusMKE]

Yes this is totally the sweet spot! 2,300 to 2,500 sqft is a good size for a family of four or five, especially when you add another 700 by finishing the basement. That size gives you the most family bang for the money; you rally have to go substantially larger for a meaningful difference in terms of livability and that costs quite a bit more!

[@johndoe7741]

What zip code was this house in? I’m surprised it was listed below $500.

[@MarcusMKE]

Grafton. There is another one for now 499 on the same street. I just looked, about 20 left around Milwaukee under 500, a few more in the low 500s. I expect builders to reduce concessions going into spring now. Email me for a list!