It’s the perfect time to buy a new home! Interest rates are near all-time lows. More inventory means better selection, and better prices. You can enjoy huge tax benefits, and mortgage interest is tax deductible. Buying a new home is as affordable as renting.
Are you still on the fence about buying a new home? Use the information below to weigh the benefits of buying a new home versus buying a used home.
After a quick comparison, we think you will agree there’s no place like a new home of your own.
Fewer Maintenance Issues
Thanks to vast improvements in the efficiency and durability of building materials, new homes do not require as much upkeep as older homes. Do-it-yourself maintenance has become a thing of the past with the busy lifestyles of today’s modern family.
Floor Plan Flexibility
Buying a resale home typically means you are limited and must endure the layout of a home that was appropriate for the decade in which it was built, unless you have the funds handy for major renovations. Today’s homes emphasize flexible space and flexible usage, which let the homeowners tailor the living area to their evolving needs. Larger kitchens with state-of-the-art equipment and custom items from wine refrigerators to wood-burning ovens, family rooms with built-in multi-media options, closets equipped with built-in storage systems, modular walls, shared children’s rooms with lofts or partitions, and outdoor rooms with indoor accoutrements are all possibilities. MyHomeIdeas.com offers loads of ways to customize your space.
In general, newer homes offer an array of greener options for greater efficiency and comfort. The materials used in today’s home are far more effective at reducing energy costs than those found in resale homes. The savings provided in utility bills can quickly offset the price of a new home. Roof-top catchment for rainwater, gray water systems to recycle wash water, solar panels, tankless water heaters and better indoor air filtration systems are just a few options that save money and the environment. Today’s new home can be customized to be more cost-effective and environmentally sound than ever before.
Making It Your Own
A new home gives the owner an opportunity to choose colors, fixtures, floor coverings, and appliances. Many builders offer additional incentives. The new home will truly reflect the new owner’s taste and lifestyle. A new home allows a family to create their own memories without the remnants of a former homeowner.
In addition to the use of less energy efficient materials, older homes have often been constructed using hazardous substances such as asbestos and lead-based paint or have wiring and plumbing that does not meet today’s codes. A new home is subject to the current building codes that require more stringent safety requirements regarding materials and internal systems.
New homes will often come with a complete warranty that covers everything on the house, inside and out. While warranties are available for resale homes, they’re typically for one year from the purchase date and only cover specific items in the home. A new home can have a much longer warranty that will provide more options when something goes wrong.
Retrofitting older homes with today’s technology can be an exercise in frustration and futility. It is much easier to add modern convenience to a home, such as wiring for surround-sound speakers, additional cable jacks and electrical outlets, ports for electronic equipment, and wireless internet access, while it’s being framed. The new home has endless “smart” options, including increased automation and computerized systems, for temperature, lighting, entertainment and security than ever before.
“The Advantages of Buying a New Home: New Home Guide.” New Homes for Sale. Web. 03 May 2012.
Courtland Building Company would love to help you plan your green home, call us today: (281) 932-4494