Plenty Of Reasons To Buy a New Home.
When buying a new home, the great thing about it is, obviously – everything’s new! In contrast, when buying a resale, you need to consider the money you will invest after the purchase of the home. It may have a lower sales price, but new appliances, a new roof, flooring, paint, even landscaping, for example, can add up. In 2009, the average homeowner spent around $12,000 on resale renovations and repair – a number that has continued to increase over the years. When you look at the big picture, a new home could be the better value.
New homebuilders occasionally offer special financing incentives. Knowing the ins and outs of what alternatives are available is critical. Our New Home Pros can help evaluate each opportunity, help you find the best option and recommend other lender alternatives when necessary.
First-Time Homebuyer: The process of finding and buying your first new home can sometimes seem overwhelming. Allow us to take care of all of the details, and make the process and enjoyable one.
We can recommend professionals such as home inspectors (who will help you understand what you are buying before you buy it), insurance professionals (who will ensure you will get the insurance product that you need) and other professionals who deal with homes and can improve home ownership.
Experience: Buying and building a new home is very different than buying a re sale home. Our New Home Pros have the knowledge and experience to make the new home building and buying process easier. We also know what to look out for and do.
Choices, Choices, Choices:
Buying a new home doesn’t just mean purchasing what is termed an “inventory home,” a home that is already built. It also means building a home from the ground up. Building a new home puts you in control of choosing the floor plan that best fits your needs. In addition, if the cosmetics of a home are important to you, some builders let you customize the interior by choosing the color of the cabinets, type of flooring, color of paint, and the appliance finish, for example. Custom builders are the next step up; they specialize in designing and building a home personalized just for you.
Areas to Live:
Location, location, location. The ability to select “just the right home site” is almost as important as choosing the proper home to fit a buyer’s lifestyle. Developers and new homebuilders offer a wide selection of home sites including golf course locations, waterfront, rural acreage and more.
New Building Codes: With new home construction, there are stringent requirements each builder is required to meet. When they say “they don’t build them like they used to” it couldn’t be truer. In most cases the construction of new homes are far superior to homes built even five years ago. From new technology to construction processes, to energy efficiency, the homes of today perform far beyond the homes of yesterday. We know what’s important and why – and we would be happy to show you.
Energy efficiency is also something that new homebuilders pay very close attention to today. New homes built today must, by law, meet stricter model energy codes that weren’t required even a few years ago. From indoor air quality and temperature control within the house, to filtration, insulation and duct work, to ENERGY STAR® appliances and superior construction materials, the way new homes are built today actually save you money in the long run, and many builders are building green homes that should make you feel good about your decision to buy a new home.
New vs. Resale or Short Sale vs. Foreclosure:
When you buy a new home, the process is very predictable. When buying a short sale or foreclosure, however, the process can be long, frustrating and, most of all, uncertain. Furthermore, the idea that short sales and foreclosures are the best deal out there is not necessarily true. We can help guide you through this process, but we can also help you weigh all the pros and cons so that you purchase the home that’s right for you and your family.
As a result of vigorous competition among homebuilders, new homes are less likely to be overpriced. Also, new homes are relatively easy to compare with other new homes in the market, since they are of the same age and options are declared up front.
Most builders offer a protection plan or warranty that helps decrease the risk of large out-of-pocket costs after purchase. Warranties can range anywhere from one year to twenty years depending on what is being warranted. Each builder is different, and we can help assess which builder’s warranty best suits your family’s needs.
Low maintenance is one of the most important features in new homes being built today. New technology in building materials has made the homes of today virtually maintenance free, especially on the exterior. And because of new construction materials and building codes, they are often much safer, too.
In most new communities, buyers will be moving in with neighbors in generally similar circumstances. Often with pre-owned homes in existing neighborhoods, the homeowners may find themselves in a difficult situation as the “new kid on the block,” unable to quickly fit in to established social groups.
In many cases new homebuilders can offer fantastic incentives that you can take advantage of if you know about them. These incentives include, lover interest rates, zero closing costs, points towards closing, or even discounts off the price. The New Home Pros keeps track of what each builder is currently advertising and offering. From money off to free appliances to our negotiating know-how, you may be able to get more than you expected.
Manufacturers introduce new models every year. New homebuilders are able to offer the latest state-of-the-art equipment and current styles at the time the home is built. And, because new homebuilders buy in bulk, their purchasing power can reduce the cost to the buyer significantly.
Builders of new homes offer a wide variety of functional floor plans to fit your lifestyle. In most cases you are not limited to “inventory homes.” Homebuilders often offer the opportunity to eliminate or add to rooms, upgrade materials, include special architectural features and generally customize the home.
Less Work After You Move In:
With a new home it’s possible for the buyer to be the decorator before moving in. Choices of carpet, wall coverings, paint color, light fixtures, window treatments, etc. enables the new homeowners to live with their personal selections and not be restricted by the taste of the previous owner.
It’s a given that all manufactured products have an expected lifespan. Daily use, weather and quality of care all play a role in longevity. Buying a new home eases the nagging question: “How long before it breaks down?” With a new home, the answer is simply, a substantially longer period.
The numbers show that the typical home will need remodeling after a life expectancy of 25-30 years. Since new homes have an assured longer life, appraisals will be generally higher than on comparable existing homes, making conditions more favorable for future resale at appraised appreciated prices.