Published April 3, 2025

Wish I Knew THIS before I Bought a Home...

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Written by Roland Rasos

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🏡 Buying a Home in Houston? Start Here.

Get the free Homebuyer Playbook + reserve your spot for our live webinar on Saturday, April 5th

Link HERE!!

Let’s talk about something most people won’t admit out loud:

Almost every homeowner regrets their first home.

Not because they bought a bad house.
But because they didn’t fully understand what they were getting and what they were giving up.

After helping hundreds of buyers in Houston, I can tell you this with full confidence:
If you don’t understand the 4(almost 5) major home types and their trade-offs, you’re rolling the dice with one of the biggest purchases of your life.

This post breaks them all down using real-world Houston examples, market data, and buyer mistakes I’ve seen over and over again.
If you’re a first-time buyer or relocating to Houston, this guide will save you time, money, and stress.

🔎 The 5 Home Types in Houston (And Who Should Buy Each One)

1. 🪰 Fixer-Upper (AKA The Project Car)

These homes are older, often underpriced, and under-updated. Think original tile, shag carpet, and maybe a roof that’s older than your Netflix password.

Pros:

  • Lower purchase price

  • Opportunity to build equity fast

  • Customizable (if you survive the process)

Cons:

  • Renovation costs are always more than expected (HomeAdvisor)

  • Permits, contractors, and delays = stress

  • Risk of major hidden issues

Real example:
I bought a condo for under $100K thinking it’d be a fun Airbnb and second home near my office.
The AC broke, the drain pan flooded half the unit, and the HOA made me age 3 years.
We went thousands over budget and ended up flipping it because I couldn’t stand it anymore.

Data to consider:
Most major renovations recoup only ~60–70% of their cost in resale value (2023 Cost vs. Value Report – Remodeling Magazine)

 

2. 🏨 Updated Resale (The Classic Car with a New Engine)

Older home on the outside, newer finishes inside. These are typically 20–40 years old but have been renovated. Think vintage charm with quartz countertops.

Pros:

  • Established neighborhoods

  • Better lot sizes, mature trees

  • Usually lower price per square foot than new builds

Cons:

  • Layouts might feel dated

  • Small closets, chopped-up rooms

  • Older bones behind the walls

Market insight:
Updated resales in established Houston neighborhoods have appreciated faster than comparable new builds over the past 5 years (Zillow Houston Market Trends)

 

3. 🏡 Like-New Resale (The Certified Pre-Owned)

These homes are 3–10 years old. Still modern. Still energy efficient. Just not shiny-new. (Think gently used iPhone...not the one in the box.)

Pros:

  • Slight discount vs. new construction

  • Already through builder “settling” issues

  • Often includes appliances and window coverings

Cons:

  • May need minor cosmetic updates

  • Warranties might be expired

  • Fewer customization options

Stat to know:
Homes aged 5–10 years have the lowest annual maintenance cost per square foot (~$0.65), compared to $1.10 for homes over 20 years (National Association of Realtors – Quick Real Estate Stats)

 

4. 🔁 Spec Home (The Brand-New Car from the Lot)

New construction that’s ready or nearly ready to go...built by the developer with no buyer-specific customizations.

Pros:

  • Brand-new systems, design, and code compliance

  • Builder warranties included

  • Move-in ready with little to no wait

Cons:

  • What you see is what you get

  • Less lot selection, fewer floorplan options

  • Typically smaller lot sizes than older homes

Data point:
Spec homes in Houston sold for an average of $24K more than comparable resales in 2024, while offering ~40% fewer finish options (Houston Association of Realtors – Market Update)

 

*(bonus)5. 🛠️ From The Ground Up 

Want exactly what you want,where you want it, how you want it, with every upgrade possible? That’s this option. Fully personalized, built from scratch or semi-custom options chosen to your liking!

Pros:

  • Total design control

  • Highest resale value (if done right)

  • Smart tech + energy efficiency included

Cons:

  • Longest build timeline (6–12+ months)

  • Highest price point

  • Every decision is on you

Stat to know:
The average custom home in Texas takes 10.4 months to complete (U.S. Census Bureau – New Residential Construction) and typically costs 25–40% more per square foot than comparable spec homes (HomeLight – Custom vs. Spec Home Cost Analysis)

 

📘 Download the Homebuyer Playbook + Join the Webinar

If you're planning to buy in 2024 or 2025 especially in a city like Houston where options are everywhere, the smartest thing you can do is understand these trade-offs before you start touring.

👉 Know which type of home fits your life
👉 Avoid wasting weekends looking at the wrong houses
👉 Buy with a strategy, not just vibes

📘 Get the Homebuyer Playbook + sign up for the webinar (Saturday, April 5th):
👉 Access the guide + register here

 

🎥 Watch the Full Video Breakdown Below

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