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Rent vs. Owning

Steps to Owning Your New Home

Why Buy a New Home?

• New homes require only a fraction of the upkeep older homes do.
• New homes include complete warranties.
• You can give your new home your unique signature with a variety of customization options.
• Retrofitting older homes for today’s technology can be both frustrating and expensive.
• The energy efficiency of a new home can far exceed that of a home built just a few years ago.

Once you’ve made the decision to purchase a home, the choice between a new or resale home can seem somewhat daunting. There are a number of reasons, however, why purchasing a new home may be in your best interest. Offering everything from customization and personal touches to the often overlooked advanced technology and energy efficiency found in new homes, a new home’s benefits often outweighs its drawbacks.

Consider home maintenance and repair. New homes require only a fraction of the upkeep that older homes do. While the initial investment can seem higher in a brand new home, new appliances and construction limit the frequency and expense of major home repair. Additionally, new homes often offer complete warranties covering everything both inside and outside the house. Though such warranties are occasionally available for resale homes, they usually only cover certain items in the home for one year after purchase. Don’t underestimate how much money can be saved by having a longer, complete warranty. You can avoid the hassle, stress and high costs of major home repairs with the warranty offered by a brand new home.

Additionally, a new home provides a number of opportunities to reflect your personality in your living space. One of the largest attractions in building or buying a new home is the customization of each piece of the home. By choosing the home’s fixtures, carpet, wall color, countertops and more, your home will not only feel comfortable but will also have your unique signature. Similarly, by choosing the development community in which you live, you can find a neighborhood that meets your needs and the needs of your family. Whether you seek a community for active adults, families with young children, or golf and tennis enthusiasts, you’ll immediately feel at home and have a rapport with your neighbors upon moving in to your new house.

Technological advances in recent years have also served to make new home buying more appealing. If you’re a gadget lover or simply enjoy the convenience offered by such items as wireless internet, you should consider purchasing a new home. Retrofitting older homes for today’s technology can be both frustrating and costly. A new home will allow you to enjoy surround sound or wireless access in only moments with minimal fuss. By designing your home floor plan, you can tailor your home to your lifestyle by creating open kitchens, plentiful counter space, and increased access to cable jacks and electrical outlets. Also, energy efficiency has gained more importance in recent years. Not only will the advanced structure of new homes help the environment, it will also help reduce your energy costs and utility bills. This can quickly offset the cost of a new home.

It’s surprising how often we overlook the enhanced safety a new home offers. As mentioned earlier, resale homes can often be built using energy inefficient materials — but many of these materials can also be hazardous to your health! From asbestos insulation to lead-based paint and faulty wiring, many resale homes contain materials that are costly if not impossible to replace. A new home, on the other hand, is subject to the current, stringent building codes and safety requirements, protecting you and your family from hazardous materials and keeping you safer in severe weather.

While a new home can seem like more of an investment than you’re willing to make, once you consider all of the hidden costs of resale homes — you may actually save by purchasing the home you’ve always wanted.