Share With ready-for-occupancy homes on the market becoming more expensive and less in supply, homebuyers are once again faced with constructing new homes or trying their luck in the current real estate market - and an expert has the advice to give. Tim Bakke, a home building expert and director of publishing at The Plan Collection - an online home design plan pioneer - believes that, like everything, there are pros and cons to starting a new home construction over buying existing ones. (Photo: The Plan Collection YouTube Channel) Pros of a New Construction: More Freedom, Less Competition ALL-NEW EVERYTHING. With constructing a new home, would-be homeowners start with a blank slate - all new everything, no worries about remodeling and updating yet - and it applies to both a spec home or having their ideas brought to life.