For many Americans, walking into your brand new home is a dream come true. Whether you’re a first-time homebuyer or have already bought and sold multiple properties, there’s something unique about being a house’s first owner. Aside from enjoying the smell of fresh paint, new home buyers typically take an active part in designing their “perfect home.”
However, new construction homes are typically more expensive than previously owned properties with similar features. Nevertheless, there are many reasons why newly built homes may be the right choice for you, even as a first home.
New construction homes provide low-cost maintenance.
Although new construction homes may be more expensive up front, you could end up saving a lot of money in the long run compared to buying an older house. Ancient properties often come with their own set of issues. Even if you do your due diligence and hire a thorough home inspector, you will likely discover new problems as you live in the house. This kind of surprise is unlikely with a new home built by a trustworthy contractor. Besides, many new construction homes come with a new home warranty that can protect you if anything was to happen. It can be a great comfort for first-time homebuyers who may not be used to maintaining a house yet.
Most parts of a home have a set useful life. Sooner or later, you’ll need to shell out significant expenses to replace your furnace or repair the roof. Homeowners can set money aside regularly to pay for repairs and replacements, but these elements may also break down at the least convenient time. The condition also depends on how diligent previous owners were with routine maintenance. With new construction homes, you will not need to worry about these issues for a long time.
New construction homes are move-in ready.
Before moving into an older home, you’ll need to work with the sellers’ timeline. For example, if they are in the process of buying another property, you may need to delay closing. On the other hand, new construction homes, whether you’re buying in a new development or build-on-your-lot homes, can close a lot faster since you won’t need to deal with the seller’s obligations. Builders sometimes have their own team that can make the homebuying process a lot easier.
Older homes often have quirks that need to be solved before moving in. In some cases, these issues may be cosmetic, such as removing dated wallpaper or changing tired carpet – especially if the previous owner had pets or was smoking indoors. Other times, a complete renovation may be necessary for the house to fit your needs, like moving walls, redoing a kitchen, or adding a bathroom. These changes are often more easily managed while you’re not occupying the property. You may need to rent a place while you finish the renovations after closing. With new homes, you can take care of any customizations before closing so you can move in right away.
New construction homes offer modern floor plans and designs to match your lifestyle.
Older homes can be charming, but they are often challenging to live in. They typically lack storage, feature small rooms that are no match for today’s furniture, not enough bathrooms for the number of bedrooms, and so on. While retro looks are in, shag carpet and funky wallpaper are not to everybody’s taste.
On the other hand, new construction homes are built and designed to match today’s taste and lifestyle. The floor plans can sometimes be customized to match your family’s needs. You can also decide on the finishes to fit your preferences and your existing furniture. New homes can be wired to adapt to the latest technologies, from smart home devices to security systems.
New construction homes are energy efficient.
Although antique farmhouses may be a dream come true for some, the energy bill that comes with it can be a severe sticker shock. Unless they have been entirely renovated, older homes are rarely energy efficient. Windows and doors let the cold air in, the lack of insulation will make your HVAC systems work on overdrive, and the heating and cooling systems can be outdated.
Meanwhile, new construction homes are built up to the latest codes. With good insulation, brand new Energy Star rated appliances, and water-saving faucets and bathrooms, you will be pleasantly surprised when the time comes to pay your utilities. Apart from being good for your wallet, energy-efficient homes are also good for the planet.
New construction homes are located in new communities with top amenities.
New developments are often built in communities with easy access to excellent amenities. Depending on your location, you will be able to rely on the proximity of good schools, restaurants, and an easy commute to urban hubs. New developments often include green spaces and features such as playgrounds, walking trails, and so on. Finally, they are usually safer than older areas, with well-lit streets and large sidewalks.
Although new construction homes may represent a more significant investment upfront than most previously owned properties, you’ll likely recoup the extra cost as you save on energy and general upkeep. Also, new homes can be more livable and customizable than the older alternatives. For first-time homebuyers, a new home will make the transition into becoming homeowners a lot easier and the homebuying process feel like a breeze.