When buying a new home, the great thing about it - everything’s new! Comparatively, with resales, you have to consider money you will invest after the purchase of the home. It may start out at a lower price, but new appliances, a new roof, flooring, paint, even landscaping for example can add up; the average home owner in 2004 spent in the range of $10,000 on resale renovations and repair, a number that has continued to increase over the years. When you take in to account the entire picture, a new home could be the better value.