Top benefits of buying a newly built home
Deciding to buy a home is an important moment in everyone’s life. However, the decision-making process does not end there; determining that home ownership makes sense for you is just the first of many critical decisions in the long, slow (and sometimes difficult) metamorphosis from renter to owner. One major choice that many prospective buyers struggle with during the process? Whether to purchase an older property or opt for a new build in a new development instead.
New construction can be an affordable option for many buyers
When grappling with this important buying decision, many homeowners initially feel that buying a new home may be slightly (or far) out of their budget’s comfort zone. However, this is not always the case. Often, prospective buyers find themselves pleasantly surprised by how affordable new construction can be.
Other benefits of buying newer construction
Aside from the initial purchase price, there are a wide range of other benefits that come with purchasing a newly constructed home. If you’re currently at a crossroads about whether new construction makes sense for you, consider factors such as:
Optimal customization: Moving into a newer project that is currently under construction means you will get the chance to customize your home based on your specific needs. Furniture choices, cabinetry styles, bathroom design, and even the final overall floor plan are just some of the many things you’ll have a say in to make sure your final home reflects your own tastes and personal preferences.
Code Requirements: Buying an old home means wondering if your house will pass inspection and building code requirements. If it doesn’t, it could cost you a lot to update. Newer construction will now adhere to the latest codes, including fire safety requirements. Additionally, a new building is often more environmentally friendly than older ones, potentially providing significant savings on utility bills while you own it.
Less money spent on maintenance/repairs: No matter what you buy, chances are that if it’s older, it will require more maintenance, upkeep and repairs than a newer home. Plumbing, roofing and electrical problems in an older house can put a huge dent in your budget. However, choosing a newer location means a turnkey move.
Workmanship Warranties: Speaking of repairs and maintenance, if something goes wrong with your new house, it’s probably under warranty. Always speak with your contractor beforehand so you have a firm understanding of both product warranties and workmanship for optimal peace of mind when purchasing.
Neighborhood Value: Buying an older house means you could be moving into a neighborhood with homes of varying values and aesthetics. Choosing newer construction in a complex increases the chances of being surrounded by properties of similar value and limited curb appeal.
Financial options: Finally, partnering with a new construction contractor often offers homeowners a wide range of financing packages. You’ll be able to choose from a variety of programs to ensure that your final payment plan truly complements your budget needs for long-term homeowner success.
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