Is It Better to Build a New House or Buy an Existing One?

Should you buy an existing home, or a brand new one? Depending on where you're looking or what your budget is, you may not have much choice in the matter, as we'll see below. But what are the pros and cons of each? New homes accounted for just 10% of home sales in 2017, but the majority of home buyers say they would prefer a new construction house to an existing one if given the choice, according to a survey by the (admittedly partial) National Association of Home Builders. Still, old homes do h...