Owning a home offers stability that renting doesn’t. And while the upfront costs can be steep, owning a newer home could save you money in the long run. Here are the top five benefits of purchasing a brand-new property.
Many people choose to buy new construction homes over resale properties for the energy efficiency, a warranty and being able to select appliances, flooring and paint colors. However, there are additional benefits that are sometimes more obvious. New homes for sale in Huntsville, AL, require less maintenance than preowned houses. Typically, new homes are built with the latest materials and technologies, meaning they’ll be more energy-efficient. They also meet the latest safety standards and regulations, reducing maintenance costs.
Additionally, new construction homes usually come with a 1-year builder’s warranty. This means you can avoid paying for repairs if something goes wrong and focus on enjoying your new home.
As a bonus, new-construction homes are cleaner than older ones because no one has ever lived in them. This means you can avoid nasty surprises like clogged drains and electrical issues that previous homeowners may have jerry-rigged to make them work. In addition, many new construction homes are insulated and draught-proofed, reducing maintenance needs.
When buyers consider a new home, they often want to know they are getting the best value possible. While getting pre-approved for a mortgage is important, it’s also vital that they shop within their budget. Shopping too high will only leave them stranded should they face financial difficulties or the market takes a turn.
A new house offers a better value than an existing one because it is usually more energy efficient and is built with modern appliances, paint, flooring and more. In addition, a new home often comes with warranties that cover items like roofing and plumbing.
In contrast, an older home may require extensive repairs, renovations or replacements. As a result, it’s only sometimes a good value. Additionally, buying a new home will allow buyers to avoid the resale property tax of many homes on the market. Further, paying a mortgage on time will help buyers improve their credit score and may also increase the property’s value. This can make it easier to sell the home in the future.
The most obvious advantage to purchasing a brand new home is that it’s not someone else’s property, and you won’t have to deal with the previous owner’s purple bedroom, complete with stenciled horse border or golden swan faucets. With a brand-new house, you also don’t have to worry about finding resale issues that need to be addressed (like leaky roofs or duct tape solutions).
If you go with a production builder, you can work closely with the design team to get your ideal home. You can be as involved as you want in the design process or pick a model and let the builders do the rest.
In addition, you can customize the interior by choosing appliances, flooring, paint colors and more. This allows you to create a home that truly reflects your style and personality without the time and cost of renovating an existing property. This also includes selecting the landscaping, as many home builders offer options for buyers to make outdoor living spaces their own.
A personalized home is a great option for those who want the convenience of buying a new construction property without going through the cost of having a custom home built or spending time and money searching for a piece of land suitable for building a custom home. Personalized homes are typically offered as a “package deal,” where the home and land are offered at a lower price point than what is usually seen with a custom home. They are also built in communities convenient to work, play, and other important aspects of life.
A brand-new home may be the perfect option for those looking for a house with voice-activated smart assistants, energy efficiency, an open layout, and a warranty.
Energy-efficient homes are designed to use less energy without sacrificing comfort, functionality or safety. Many features that make a home more energy efficient include energy-efficient appliances and lighting, insulated windows and doors and a programmable thermostat. Some also rely on renewable energy sources like solar panels to lower utility bills and carbon footprints.
These eco-friendly amenities are cost-effective and an excellent investment in resale value. According to Zillow, homes with solar panels sell for almost 10 percent more than non-solar homes in the same area. An added benefit of an energy-efficient house is that it can qualify for an energy-efficient mortgage, which bundles the expense of energy-efficiency improvements into the home’s mortgage payment.
As you browse homes, ask your real estate agent about energy efficiency. They may recommend a lender that offers energy-efficient mortgages or other options for financing green upgrades. Additionally, consider looking for a home with ENERGY STAR or LEED certification, which will help your family save money on energy costs and contribute to a healthier environment.