Categories: Home Buying Guide, New Homes, Uncategorized | Posted: March 16, 2018 | No Comments »
The clean slate of building a brand new home is certainly appealing. And, you might be surprised to learn that value is also on the side of the new home decision. Let’s unpack the specifics of new home value proposition as compared with existing home value proposition.
• You did it your way. One of the best things about building is getting the finishes you want. Paint colors, appliance choices, countertops, flooring…when will it ever be exactly your choice in an existing home? Want a master bedroom on the first floor? Large his and hers walk-in closets? High ceilings and a luxurious master bath? Sitting room with a fireplace or French doors opening to the pool? Now is the time to decide what you want and include it in your new home build.
• Save your cash. When you’re building a new home, the extras are financed into your new mortgage. When you buy existing, you’re going to be coming up with another way—outside the mortgage—to finance upgrades, renovations and repairs.
• Energy savings. Investing in an energy-friendly home is likely to be a better long-term investment. New homes have a tighter-sealed building envelope that helps prevent conditioned air—cool air in the summer, warm air in the winter—from literally going out the window and through the cracks like in an existing home. This can be a huge cost savings for years and years of paying energy bills for the new homebuyer.
• Greater comfort and indoor air quality. Today’s new homes meet stringent energy standards and codes that weren’t required in the past. Your new home will have high-performance energy efficiency with state-of-the-art ventilation and air filtration. You’ll be more comfortable all year round and the air you breathe will be of much better quality compared with that of an existing home.
• Home warranty, no surprises. Many new homes come with a warranty which can save lots of money down the line. One new home owner put it this way: “I won’t have to replace a roof or air conditioner for at least a decade.” In a new home, warranties begin from the closing date. Appliances generally have a one-year builder’s warranty as well as a manufacturer’s warranty. The thought of getting a home where the major things are covered for anywhere from one year to 20 years gives most of us a lot of peace.
• Updated construction and safety codes. In an existing home, inspections often reveal structural, electrical, moisture and other significant issues. You want to be sure the home you move your family into is built to last to the latest construction and safety standards.
• Environmentally up to date. Many new homes come with energy certifications covering everything from roofs to appliance packages, while often, existing homes were built to lower standards. As times change and technology advances, these innovations are folded into upgraded building and environmental codes.
• Fire safety. New homes often include fire safety features not present in homes built years ago. For example, today fire retardant is used in carpeting and in the home insulation.
• Financing. New home buyers may be able to take advantage of mortgage financing perks. Negotiating points, closing costs and buy-downs are factors to ask questions about to save money and get the best possible financing.
• A brand-new community. This may be one of the most overlooked benefits of buying new instead of existing. When families move in to a subdivision at the same time, lasting bonds of friendship and neighborliness can be formed right away. Everybody’s new and looking to make new friends. Plus, many new neighborhoods offer amenities like swimming pools, dog walking trails, neighborhood retail and restaurants that existing communities may not have.
When you’re ready to build, we’ll walk with you through every step of the process. Take a look at our home building process. We want you to have the home you’re dreaming of!