I had an interesting question posed to me yesterday by clients of mine that are deciding on whether to purchase a new construction home in Novi, Michigan or purchase a resale/previously owned home. The question that was asked is, “If I had to put either home back on the market to sell immediately, which home would I potentially lose more of my investment on”. My thoughts immediately were shifted to thinking about when my wife and I purchased our new cars this year. As the old saying goes, “when you drive the car off the lot you loose X% of the cars value.” I feel that analogy would carry the same weight for this housing scenario. Like buying a new car, you pay a premium that is rarely recaptured in the new construction purchase/transaction. At the same time, there is something to be said for having a brand new home and sometimes it is hard to put a price on that. One other thought, back to the car scenario is sometimes you can buy a car that is a few years old and save thousands on a car that has a very limited amount of mileage and use. That same analogy can hold true for buying a home that is just a few years old, save thousands on a home that has a lot of life left in the major mechanical and structural items.