There are a few negatives to purchasing any new home. First, new homes typically lose a bit of value in the first year or so, not unlike a new car. In my experience, it's something like 4%-5%. Although you will recover any ---and build equity--- if you stay in the home 3 to 5 years. Even though new homes are built to the latest building codes, most new homes don't have that rock-solid feel of an older homes. New homes often have warranties, but I've seen data which indicates the warranty companies spend more money fighting homeowners, rather than settling claims. You may pay top-dollar for a new home, compared to an older home. Don't be afraid of buying an older, and putting in the time and money to make it 'new' again. Good luck.