 12 Reasons to Purchase a New Home
Favorable Pricing:
Competition among homebuilders makes new homes less likely to be overpriced. New homes are easy to compare with other new homes in the market equating value to value. All the homes are the same age and the options are listed up-front with price breakdowns for comparative shopping.
Simplified Financing:
Securing financing is the major obstacle to home ownership. Most homebuilders have done the legwork for you. They have researched the market and negotiated the best rates for their specific type of housing. Many homebuilders now include the closing costs in the price of their new home.
Homesite Selection:
"Location, Location, Location." Being able to select the proper homesite is almost as important as choosing the correct home to fit the buyer's lifestyle. Developers and homebuilders offer a wide selection of sites including golf course, lake front, mountain preserve, mountain view, hillside, cul-de-sac, view lots and more.
Compatible Neighbors:
In most new communities, buyers will be moving in with neighbors in similar circumstances. Often with pre-owned homes, the homebuyer finds themselves in a difficult position as the "new kids on the block" unable to quickly fit into long established social situations.
Floorplan Options:
Builders of new homes offer a variety of functional floorplans to fit a buyer's requirements. If it's not a "spec home", the homebuilder may provide the opportunity to eliminate or add rooms, upgrade materials, include new architectural details and generally customize the home.
Choice of Finishing:
With a new home, it's possible for the buyer to be "a decorator" before moving in. Choices of carpet, wall coverings, paint colors, lighting fixtures, window treatments, etc. enable the new home owners to live with their personal selections and not be restricted by the taste of the previous owner.
Modern Appliances:
Appliance manufacturers introduce new models every year and homebuilders are able to offer the latest state-of-the-art equipment at the time of completion of a new home. And, because the builder buys for the entire production of new homes, the builder's purchasing power can reduce the cost to the home buyer.
Latest Material:
Low maintenance is one of the most important features of new homes being built today. New technology in building materials has made the homes of the 1990s virtually maintenance free, especially the exterior. No longer does a homeowner have to worry about painting every 3 to 5 years.
Energy Efficiency:
A new home built today is required by law to meet stricter energy codes than homes built in the past when legal codes didn't exist or were more lenient. Many homebuilders use materials that are designed to exceed the strict limits in order to produce further savings for their owners.
New Home Warranties:
New home buyers are assured of at least a one year warranty on the home itself and most likely five years on major appliances including air conditioning and heating systems. Many of today's homebuilders extend structural warranties for a full ten years usually underwritten by insurance companies.
Increased Life:
It is true that all manufactured products have an expected life span. Daily use, weather and quality of care all play a role in longevity. Buying a new home eases the nagging question of "How long before it breaks down?" With a new home the answer is simply, a substantially longer period.
Value Appreciation:
Statistics say 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 generally be higher than on comparable existing homes, making the conditions more favorable for future re-sale at appreciated prices.
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