Should I buy a newly constructed home? << Back
Often, a home buyer will have a dilemma about whether to buy a resale home or a newly constructed home or buy a home that is yet to be built.
There are advantages to both. Your individual needs, not the age of the structure, should be foremost in deciding which is best for you. For a better idea of which type may be more suited to your needs, let's look at the advantages of both new and resale homes.
Why buy a new home?
Perhaps you love the idea that you can be a home's very first owner. Everything is new and shiny, the neighbors are probably also just moving in, and you can customize the floor plan and colors. Buying a new home can be fun and exciting. Here are some other advantages:
- New homes are built with new materials and appliances, so less maintenance is typically required than with resale homes.
- They often possess more safety features and fewer health hazards to conform to today's building codes.
- Many homebuilders offer warranties in case certain problems develop over time.
- The home's major appliances and systems also typically include manufacturers' warranties.
- They typically feature modern architecture and layout such as great rooms, bigger closets, and additional bathrooms, which often replaces the formal dining and/or living rooms of older homes.
- New homes are usually well-insulated due to better windows, more efficient heating and cooling equipment, and greater use of insulation.
- The homes are often made with materials requiring less maintenance, such as aluminum siding, vinyl windows, and pressure-treated wood decks that resist rot and insects.
- They can be easier to customize than resale homes since you can choose many details ranging from floor plans and paint colors to faucets and light fixtures.
- New homes are more apt to be wired with new technologies in mind, such as being pre-wired for multiple phone lines, high-speed Internet connections and extra cable outlets or even wiring for your home theater.
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