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Is a new construction house like new car depreciation?

Is a new construction house like new car depreciation? People say as soon as a new car is driven off the lot it depreciates. I'm wondering if a new construction house is the same. Do I pay a premium for the new and as soon as I live it is, does the value go down?
Asked By Mary | Lake Geneva, WI | 85 views | Buying | 2 months ago
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New construction housing is not the same as vehicles. Real estate appreciates in value over time -- the majority of vehicles do not. There are hick-up at times and value drops -- buy year over year -- real estate always appreciate if maintained. There are benefits to purchasing a new home because all the mechanicals are brand new and under warranty as well as the construction. When buying a used car and home -- you do not have the security that the car/home is warrantied to be problem free for a limited time. Buying new is a great choice for someone who is unable or uninterested in being responsible for home repairs for a few years or feels more secure knowing the history of the home from the get-go.

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