One of the first decisions a potential home buyer should make is whether buy a new construction home or purchase an existing house. There are some serious advantages to purchasing a new house over a resale.
1. New Home Pricing. Though new homes are generally priced higher than an equivalent existing one, a new house will likely need fewer repairs or replacements.
2. A Well Planned Neighborhood. In addition to having a choice for home sites, such as in a cul-de-sac or located near a park, new home buyers get to choose what type of community in which they want to live. Builders incorporate desirable amenities such as recreation areas, neighborhood clubhouses, swimming pools, playgrounds, sidewalks and paved trails into new communities to attract residents.
3. Modern Design. New ways of building homes are constantly being developed. Consumer trends also changing, motivating builders to respond by drafting floor plans to include what clients want, like large family rooms, over-sized closets, built-in media areas and up-to-date kitchens.
4. Warranties. Something an older home can never provide is a builder’s limited warranty. A new home warranty typically covers appliances, carpets, mechanical equipment, and overall construction. Though warranties do eventually expire, they can cover various items for between one to ten years!
5. Energy Efficiency. Modern insulation, windows and heating and cooling systems are much more energy efficient than in the past. New home builders are required to meet stricter energy codes. This can be of great benefit, considering the current costs of energy.
6. Modern Wiring. New homes are generally wired to accommodate electrical components that weren’t around when scores of existing homes were built, such as home computers, media centers and surround sound systems.
7. Modern Appliances. New homes are capable of accommodating latest state-of-the-art equipment, right off the bat. Dishwashers, stoves, microwaves and refrigerators installed in new homes function within modern water and energy standards.
8. Health Conscious Construction. New homes built with modern building materials offer some health advantages. No asbestos or lead paint to be found in a new home, but it could be costly to have it removed from an older house.
9. Low Maintenance. The latest in building materials also means convenience for new home buyers. Because it was just built, new homes are practically maintenance-free for up to ten years and in some cases, longer.
10. A New Home Is All Yours. Buyers of new homes can have a hand in creating the home they desire, instead of having to adapt an older home to their preference. Whether its the type of flooring to the brand of appliances, all aspects of a new home can be fit to your tastes from the beginning.
Though they tend to be more expensive than existing homes, purchasing a new construction home offers many advantages a resale residence simply cannot. Its worth making the price comparison to see if a new home is within your budget.