The 7 advantages of buying a new home
New homes are more efficient and technological
A new home is a free space for dreams, and it is a haven to decorate it and adjust it to your tastes, whims and needs. Generally, new homes have a higher price tag, compared to older homes, but there are many benefits to buying a new home.
Here are some of the advantages of new homes.
Most new homes come with warranties because of the materials used. Builders give a warranty for one or two years, with up to 10 years of coverage, on the structural elements of the construction.
These warranties can include heating and cooling, windows and doors, plumbing, electrical systems, exterior siding, drywall and paint, roofing, foundation and flooring.
But if you buy an older home, existing warranties may be expired, or you’ll have to pay for a home warranty to get the coverage you want.
Lower maintenance and repair costs
A new home should cause fewer maintenance and repair problems than an older home. New trends in home construction focus on new homes needing little maintenance.
Adjust it to your tastes
Adapt or adapt it to your needs. Many builders offer buyers the possibility of designing aspects of the house to their liking.
This factor depends on the stage of construction. If the house has not yet been built, it is possible to adjust it. But if the house is already built, your options may be limited to such things as wall colors and lighting fixtures.
Most new homes have more open floor plans than older homes. They tend to have larger kitchens, which flow nicely into family rooms.
More environmentally efficient
Building codes are now stricter because they include energy efficiency standards. When you buy a new home, you will be getting some of the most energy efficient features available.
By doing so, you are helping to reduce your carbon footprint. Some of the new homes already have more efficient appliances and consume much less energy and water. While you can certainly add these features to an older home, it can cost a lot more.
New homes often include the latest technology, which can make your life easier. Some examples are:
- Alarm systems.
- Smart door locks.
- Integrated speakers and audio systems.
- Smart thermostats.
- Power outlets for a variety of devices, in every room of the house.
- Advanced wiring networks, so data connections can be accessed from any room.
- Touchless faucets.
- Smart lighting.
Return on investment
Many people think of investment properties as old homes, which they can buy for little money and renovate to increase their value. However, new construction can also be a good investment. Much of a home’s value depends on its location, and new neighborhoods often take shape in desirable areas.
A new home is easier to sell, when you’re ready to move in. It has modern amenities and design elements that many buyers desire, from an open floor plan and large closets to appliances, and high-end finishes.
New home buyers can take advantage of mortgage financing offered by the builder.
But if you can save for a mortgage deposit, the more equity (or property) you’ll have in your first home. You will then be in a better position to get more competitive mortgage rates, which could mean lower monthly payments.
In general, the quality of a new home depends on its builder. Before you buy, research the builder to see if it has a good reputation and a history of producing quality homes.
Seek advice on buying a new home
Did you know that one of the biggest mistakes new homebuyers make is assuming that everything in their home will work perfectly because it’s new?
For homeowners who are unfamiliar with the buying process, it’s good to get some advice from real estate consultants.
At J.Cabana we offer real estate advice for buying a new home.