Are you considering buying a home? There are many factors to consider when you’re in the market to purchase a new home. You consider the neighborhood, the size of the home, floor plans and more. After all, this is one of the largest investments you will make in your life. Consumers should really consider buying a brand-new home over a pre-owned home for many reasons.
Brand New Home Warranties
The standard in the new home industry is that each home comes with at least a one-year warranty on structure. They also generally come with a five-year warranty on major appliances in the home. Third party warranties are available for new homes. Re-sale homes do not come with warranties and over time, you will need to replace appliances and home structures. This can be costly to home buyers.
Home Maintenance Cost
Years of usage on appliances and wear and tear of the home will ultimately affect your wallet. If you purchase a pre-owned home, you will have to replace structural elements of your home sooner than a brand-new home. You do not know the quality of care given to your home previously or how weather has affected certain elements over the years. If you are the first one in the home, you know the history and how you care for it.
Ability to Customize Your Brand New Home Floorplan
When you finally decide on a builder’s floor plan, you have the option to customize it. Design the home of your dreams from top to bottom before it’s ever built. Add an extra room, create more closet space or eliminate a room all together. You have endless possibilities to creating the perfect home for you when you build new. Additionally, you can upgrade the materials to exactly what you want. In contrast, you will not have this option when buying a pre-owned home.
Low Financing Options
Some of the biggest issues in purchasing a home is securing a mortgage with great rates, dealing with closing costs and inspections. Many new home builders will have already done the research and know where the best rates are for their clients.
Choose Your Own Finishings
By purchasing a brand-new home, you can be the ultimate decorator. You get to choose your own colors, carpet styles, wall coverings, light fixtures, appliance colors and exterior colors.
Value Appreciation
Another important point to take into consideration is that most homes need remodeling 25-30 years later. All homes have a lifespan and must be kept up to avoid losing value. A brand-new home will score higher appraisal values because they have a longer life over a pre-owned home.
State-of-the-Art Appliances
When it comes to buying a new home, you’ll receive the latest and greatest in everything. New materials to build your home and also new appliances inside of your home. Appliances are constantly being updated and new technology is being added to them. By buying a new home, you will have the most state-of-the-art appliances throughout the home, under warranty.
Homesite Location
Another great aspect of buying brand new is the option to pick your homesite. After you choose your builder and floorplan, you can purchase your vacant lot separately and in a location that suits you. Not only do you get the home of your dreams built from the ground up, you’ll get it in exactly the location of your choice instead of settling on where a pre-owned home is situated.
Energy Efficiency
By law, new homes must adhere to new energy codes that homes that were built in the past. Also, many of the new appliances come with the Energy Star sticker which will tell you exactly how much money you will spend and how much energy. All of these factors result in savings for you in the long run. Pre-owned homes built years ago may not be as energy efficient.
Overall Pricing
Finally, the overall pricing of a brand-new home will be competitive per square foot with the newer resale homes, however you will have many choices you would not have otherwise.
In conclusion, there are many great advantages to purchasing a brand-new home over a pre-owned home when shopping for your next property. You will save money, time and many headaches in the long run. Make sure to weigh all of your options before making your next home purchase and consider all of the great benefits to building new.
Build Your Dream Home with Edward Russell Johnston, Inc.
For more information, contact Edward Russell Johnston, General Contractor. He has one of the best teams (engineer, architect, interior designer and builder) anywhere in this part of Florida to create an outstanding project as cost efficient, timely, and enjoyable as possible.
