Choosing between turn-key and new construction homes in Lexington, SC? The area is growing fast, offering both move-in-ready homes and brand-new builds. Each option has benefits, and the right choice depends on your timeline, budget, and lifestyle.
A turn-key home is ready when you are—no waiting, no major work needed. These can be newly built or recently renovated homes that offer immediate move-in convenience. On the other hand, new construction gives you a blank slate with customization options but requires time to complete.
This post will explore what to consider when deciding.
Lexington Real Estate Market Watch
Lexington’s real estate market shows a year-over-year increase in median listing prices. There was approximately a 21.5% rise in Lexington County’s median list prices. Note that prices are always changing. Contact the Southern Dreams Realty team so we can give you the most up-to-date information.
Turn Key or New Construction Homes in Lexington, SC? 6 Key Factors to Consider
1. Budget
If you want cost certainty, a turn-key home might be the way. It’ll have a set purchase price, and there will be fewer worries for unexpected costs. However, remember that updates or renovations down the road could add expenses.
New construction homes start with a base price, but the final cost depends on upgrades like flooring, countertops, and fixtures. These extras add up quickly. Planning for potential cost overruns and exploring financing options can help you stay within budget.
2. Move-In Timeline
Need to move soon? A turn-key home allows you to settle in quickly, often within weeks. It’s a great option if you relocate for work, school, or other life changes.
New construction takes time—typically several months. Weather delays, material shortages, and labor availability can further push the completion date. If you choose to build, you may need temporary housing while waiting for your home to be ready.
3. Customization and Personalization
A turn-key home is move-in ready, but your customization options are limited. You can change cosmetic options like paint and flooring, but major renovations require additional time and investment.
New construction offers complete personalization. You can choose floor plans, finishes, and design details that match your style. Many builders in Lexington, SC, follow modern design trends, making creating a fresh and contemporary home easy.
4. Location and Neighborhood
Turn-key homes are often in established neighborhoods with mature landscaping. They may also have amenities like parks, schools, and shopping centers. You get the benefit of a well-developed community with a familiar feel.
New construction is typically in growing areas, offering the excitement of a fresh start. Some planned developments include amenities but may take time to develop fully. A turn-key home might be better if you prefer a neighborhood with history and character. New construction could be a great fit if you like being part of a new area.
5. Maintenance and Warranties
Turn-key homes—especially those that aren’t brand new—may require more maintenance over time. A thorough home inspection can help identify potential repair costs before buying. These homes may not have warranties, so ongoing maintenance is something to factor into your decision.
New construction homes come with builder warranties that cover structural components and appliances. If low maintenance and peace of mind are priorities, a new build may be the better option.
6. Long-Term Goals
Are you looking for an investment property? A turn-key home can be a great choice, especially if you want to rent it out immediately.
New construction homes in Lexington are ideal for long-term plans like building equity or creating a personalized dream home. Many new builds come with energy-efficient features, modern layouts, and lower maintenance costs.
Which One is Right for You?
Both options have advantages, and the best choice depends on your priorities. A turn-key home makes sense if you need to move quickly and prefer an established neighborhood. Building new could be the perfect fit if you want a brand-new home tailored to your style and can wait for construction.
Are you moving to Lexington, SC? Southern Dreams Realty is here to help. Whether you’re looking for move-in-ready convenience or the excitement of a new build, we’ll guide you every step of the way. Contact us to start your search!
