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Advantages of Buying New Construction Homes Home buyers can either opt for a previously owner or foreclosed home or buying a brand new one which is much more expensive if one brings it down to per square foot. Although these two options have their own selling points, you will actually get more benefits if you choose to buy a brand new home in order to have a place where you can comfortably settle down for good. There are two selling points if you opt to buy a previously owner home. With a pre-owned home you will have a lower monthly amortization because it is cheaper. However, this does not include other form of costs which you have to intermittently put every time something goes wrong or breaks. Another selling point for buying a pre-owned home is that the property or the land itself is valuable, never mind the house, and so this is a good real estate investment in the long haul. But if your intention is to really settle down for good, choosing a brand new house has numerous selling points that are often overlooked because what stands out more is the high cost of downpayment if any and a higher monthly amortization cost.
A Brief Rundown of Sales
One of the selling points of a brand new home is the flexibility you have in choosing the layout, the color, the type of flooring, and other things when it comes to design. Buyers are often allowed by home builders to participate in the house design. This cannot be so in a used house because the process will involve demolishing the existing one then constructing a new arrangement which is limited to the structural patterns of the old house.
A Brief Rundown of Sales
Also building codes dated back where not as conscious as today in mandating energy efficient standards. Home builders must adhere to these regulatory codes since there is a higher energy risk at present. This means the newly constructed homes has no choice but to adopt to better develop innovations beginning with higher-efficiency insulation, doors, and we are even beginning to see double, triple and quadruple-paned windows which where unthought-of before because energy was cheap and abundant to keep one’s home either warn in winter and cold during summer. We also have newer HVAC designs, all playing together to reduce utility bills down. This also means that new homes have to use high efficiency stoves, refrigerators, washing machines, water heaters, compared to homes that were built years ago. When the house is new, expect to have fewer and minor repairs since everything is practically new and even have warranties so no need to shell out anything until the next year or two. Another thing that I want to mention, is that new home buyers may be able to take advantage of mortgage financing perks that builders give in their effort to sell as many units as they can.