The Pros and Cons of Buying a New vs. Pre-owned Home. HOME WARRANTIES: PROS (NEW): In a new home the warranties all begin from the closing date of the home.  Items such as appliances usually have a 1 year builder’s warranty and appliance manufacturers offer extended warranties on their individual appliances in addition to it. The thought of getting a home where “everything” is covered for 1, 5, even 20 years for items such as structural or roofing systems is definitely the appeal for many home buyers.

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