Homebuyers have a choice in today’s market of purchasing a pre-owned resale home or a “never been lived in” brand new home. Today’s new construction homes offer more benefits than ever before, making them strong contenders in any home search. Depending on what’s important to you, you may find that the advantages of a new construction home outweigh the benefits of a pre-owned alternative. When buying a new home, there are many advantages that will save you a substantial amount of money, time and aggravation.
#1 New Home Warranties
New home warranties begin the day you close on your home. Typically, “everything” is covered for the first year. Mechanical systems, such HVAC, are covered for the first 2-5 years and structural or roofing systems are covered for 10-20 years.
Buying a new construction home gives you a clean slate. There’s no green shag carpet, rooms covered in floral wallpaper or pastel-colored bathrooms you’ll have to change as soon as you move in. Depending on your budget, the builder you choose, you may be able to customize your home. Common buyer customizations include homesite location, floorplan and structural options, cabinets, countertops, appliances, flooring, paint colors and other design elements that define you and your lifestyle.
#3 Energy Efficiency
Newly constructed homes use energy more efficiently in two ways. First, they have a tighter-sealed building envelope that helps prevent conditioned air—cooler air in the summer, warmer air in the winter—from escaping. Second, the more energy-efficient mechanical systems of the house also help reduce utility bills. These can be a huge cost savings for you. New construction homes also often include energy-efficient systems and appliances like high-efficiency ovens, refrigerators, water heaters, and air conditioning units. Some builders even include new washer and dryers that homes built, even 10 years ago, might not.
#4 Fewer Repairs
When purchasing a new home, homebuyers will have fewer repairs overall. When choosing a pre-owned resale home there may be repairs needed to electrical and plumbing systems, older roofs, dirty and worn carpets, outdated appliances or other updates to the house that may incur substantial cost to repair or replace. Modern building codes mean that newly built homes from reputable home builders are constructed to a higher standard, with the ability to withstand higher winds and rains.
#5 Financing Options
New home buyers may be able to take advantage of mortgage financing perks made available through their builder in cooperation with the builder’s preferred lenders. These lenders that may offer perks to the builder’s buyers, such as paying points, closing costs and/or buying down certain rates for you.
#6 Neighborhood Feel
A brand-new community is one of the built-in benefits of many new homes. When families move in to a new community at the same time, lasting bonds of friendship and neighborliness are often formed right away. Inherently, nobody is the “new kid on the block,” and many community developers and builders host neighborhood parties in new developments to help owners meet and connect.
Many older communities offer outdated amenities or no amenities at all. Purchasing a newly constructed home in one of today’s communities may bring with it multiple acres of crystal lagoons, multiple swimming pools, tennis and sports courts, fitness centers, clubhouses, lakes, walking trails and dog parks.
#8 Open-Concept Floor Plans
Most new home communities have a variety of builders with an abundance of open-concept floor plans that are perfect for entertaining and the way we live our lives today. The kitchens are open to the family rooms, family rooms are open to the backyard – and possibly pool area – and entertaining becomes a breeze in these wonderfully open plans.
#9 Tech Friendly
Even 10 years ago, builders really had no concept for the electronic age and all that it would bring to today’s homeowner, and the idea of whole UltraFi communities and “connected cities” were a thing in a seemingly far off future. When you purchase a newly constructed home it may be able to accommodate advanced technologies like built-in structured wiring panels for whole house wireless internet for today’s smart TVs, speaker systems, phones, tablets, computers, security systems, doorbells, thermostats and appliances.
#10 Move-In Ready “Inventory” Homes
One of the major reasons most people do not consider new construction when looing for a home is the misconception that they will have to wait 6-8 months for it to be built. While that may be true if you are wanting to build your new home from scratch “in dirt”, most home builders pre-build many different homes in order to be ready in a 30-, 60-, or 90-day timeframes, which are perfect for people ready to close as soon as possible to those who still have a home to sell.