Why Buy A New Home?
If you’re in the market for a home, have you considered buying a brand new home? Not only do you get a home that’s as close to custom-built as possible, you also get energy efficiency, modern floor plans and excellent value!
11 Reasons
Why You Should Buy a New Home vs. an Existing Home
1. Competitive Pricing
Compare prices of existing homes to those of comparably-sized new homes. North Carolina is home to thousands of homebuilders, both big and small, who are competing for your business. When builders compete, you benefit. And most home owners looking to sell their homes cannot offer the incentives or attractive financing options builders can to move their inventory.2. Choices
When shopping among existing homes, buyers have to take the previous owners’ style into consideration. Do you pay even more to redecorate ordo you make do with someone else’s choices? A new home, however, provides you with numerous design, color and material options. Having the luxury to tailor a home to your tastes can be one of the greatest features of buying a new home.
3. New Home Warranties
New home buyers are assured at least a one-year warranty on the home itself and, in many cases, five years on major appliances. And in North Carolina some homebuilders provide a 10 year structural warranty. That means new home buyers are assured quality construction in their new homes! There’s no second-guessing the work a previous owner might have done (or not done!).4. Home Location Location, location, location. Not only do new home buyers get to choose which new home community they want to live in, they also get
to select their individual unit or home site within that community. Would you prefer your bedroom get morning sun or afternoon sun? Would you
prefer to live near the park or on a cul-de-sac?
5. Convenient Financing In today’s market, securing financing for home ownership can be tedious and stressful. Many builders have simplified this process in order to provide you the best deal possible that gets you into your new home quickly and easily. And in a buyer’s market, some builders are willing to pay some closing costs.
6. Low Maintenance Why worry about upgrading or constantly maintaining your home if you don’t have to? New homebuilders use the latest and greatest materials that technology can offer. The result? New homes are virtually maintenance-free for many years.
7. Floor Plans Have you ever thought about the convenience of modern floor plans? Take a tour of many existing homes and you’ll find bad layouts and wasted or unusable space. New home buyers have a variety of modern layouts and styles to choose from that are suitable to any family. Many builders allow a variety of custom options, allowing you to alter the layout and turn a living room into an office or a media nook into another bedroom.
8. Energy Efficiency New homebuilders are required by the North Carolina Building Code to meet stricter energy codes than in the past, which benefits YOU, the consumer. This is an enormous cost saving benefit when considering the costs of fuel and energy today. Many existing homes were built when energy codes were either more lenient or nonexistent. In today’s homes you will find increased levels of insulation, energy efficient heating and cooling equipment, and low e windows for energy efficiency.
9. New, Modern Appliances Appliance manufacturers introduce new energy efficient models every year and homebuilders are able to offer the latest state-of-the-art equipment at the time of completing a new home. We all know that appliances, water heaters and heating and cooling equipment have a much shorter life than the home itself. For instance, a ten year old home will have equipment that is approaching replacement. According to the Association of Home Appliance Manufacturers the average useful life of appliances (when they need to be replaced, not repaired) is nine to 18 years.
10. Appreciation The typical home needs remodeling after 25-30 years. Since new homes have an assured longer life, appraisals are generally higher than on comparable existing homes. That means new homes will likely sell for a higher value in the future.
11. Safety New homes have more devices to assure your home is safe. More smoke detectors that are looped so that if one goes off, all do. And smoke detectors that have battery back up. There is more bolting and bracing in the framing so the structure is more secure in high winds. Many builders include deadbolts as standard hardware. Lead free paints and low lead plumbing solders are examples of other features intended to make homes safer than ever.
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For the past 38 years the staff at The Groce Companies has helped consumers in central North Carolina design, build and secure financing to build or buy their homes. We find many people who do not fully understand the home buying process. If you are interested in attending a seminar on these issues call (919) 775-1497. And visit our web site,
www.grocecompanies.com where we will be posting this entire series of helpful hints.(This information obtained from various news and industry sources and is believed to be correct.)
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