May 11, 2018.
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1. You can customize more.
When you purchase a brand-new home, you get to decide what you want from the get-go. You don’t have to deal with the limitations of a small kitchen or a bathroom you can’t stand. You get to decide how everything is laid out. You’ll get to have control over the details, from the quality of the building materials to the placement of the guest bathroom. When you buy a newly built home, you’re truly making it your own.
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2. You can enjoy the newest in energy efficiency.
New homes are required to meet energy efficient standards. That’s good news for you as a potential homebuyer because it means savings for you down the road. Many new homes have high-efficiency windows, doors, and insulation, as well as green appliances like washing machines, fridges, and stoves. Your utility bill on a home from the ’20s will be radically different than a home of the same size that’s newly built. This is a big benefit in states with some of the highest energy costs like Connecticut and Alaska. With a new home, you can make sure that you keep your energy costs down.
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3. You can count on new construction.
When you move into a new home, you don’t have to worry about replacing the flooring or getting new kitchen tiles or painting the hallway. You can move in right away, without the headaches. There’s also less to maintain because everything really is brand new. In a previously owned home, you may have to deal with wood that’s seen better days, bad plumbing, or critters in the attic. In a new home, you’re in control. You have more time to make sure that everything is well-built and thoroughly inspected. Because you’re there from the beginning, you’ll be familiar with shelf life of all of your home’s building materials and amenities.
“I will be using her services again [at Cornerstone] and sending tons of referrals. Great way to start a year — closing was super quick.”
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4. You can get warranties on workmanship.
For the first year or so that you own a new home, a builder will put your home under warranty. Even though new homes are going to be more reliable than a previously owned home in terms of repairs, builder warranties give you even more protection. They also help you save. For example, if your A/C goes out in your first year of owning a home and you have a warranty, your builder will cover that cost and repair it for you. This is the part of homeownership that many people forget about. They get so excited about moving into their new home that they don’t think about the “what if.” Warranties help you worry less about repairs and more about where the couch should go.
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5. You can rely on the newer safety features.
A new home has to meet certain safety requirements that help protect you as a homeowner. Some of the newer safety features are often found in newly built homes, like fire-retardant carpeting and insulation. Many new homes have hard-wired smoke detectors so that people don’t have to remember to replace the batteries. Instead, these smoke detectors operate on electricity and have a battery back-up for when the electricity goes out. Again, many homeowners forget about the safety features of their home because they get caught up in the fun of buying. A new home has more safety features set in place so that your move can be as easy as possible.
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6. You can enjoy the building incentives.
When someone is selling their home, they often get so attached to the home that they overvalue it. When you work with a builder, you’re working with someone who isn’t emotionally tied to the home. Builders are more eager to offer incentives that will help them sell homes faster. If you’re in the market for a new home, enjoy the perks! Some builders offer free amenities, while others offer discounts and deals. Inman News reports that the December holiday season may be an ideal time to take advantage of these builder incentives. Builders might be more willing to bargain to meet sales goals in this typically slow buying season. Ask your builder about what they can offer you, and you’ll see that a little luxury goes a long way.
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7. You can explore home financing opportunities.
When you work with a builder, that builder will often have a partnership with a mortgage lender. Through that partnership, you may be able to get access to a wider variety of financing opportunities, and you may even be able to get discount points or a certain amount off of your closing costs. While you should always shop around for a lender before you make a final decision, be sure to carefully consider the financial benefits of working with your builder’s lender.
If you’re looking for a lender you can trust to guide you through the homebuying process, we’re only a call or an email away. And if you haven’t found a builder you like yet, we can help with that too. We’re happy to refer you to builders we’ve successfully worked with in the past.
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For educational purposes only. Please contact your qualified professional for specific guidance.
Sources are deemed reliable but not guaranteed.