Which is Better: New Construction or a Pre-Owned Home?

If you’re looking to buy a “new” home, the question that often arises is should you buy a brand new home or a pre-owned one? Do you want a brand new house that has never been lived in, customized with all the amenities that you or want? Or should you get an older house that may require more repairs and remodeling but may cost less initially and allow you to invest “sweat equity” to improve the value?