Why some home buyers choose to build new:
♦ Personalization – Making good choices, from paint color to lighting, carpet, fixtures, cabinets, exotic flooring, countertops, and wood trim can add value to your finished home. If you know what you want and can build new and get those items from the start, you eliminate the time and expense required to personalize an existing home.
♦ Low Maintenance – If a no maintenance or low maintenance home is what you desire, then new construction offers real benefits. Choosing durable surfaces and high-quality fixtures will help you create a no-low maintenance home.
♦ Floor Plan – You can get the newest floor plans so your home has everything you need. Some lifestyles require a private home office or a large media room. When specific needs are on your wishlist, building can meet your specific needs.
♦ Location – Your choice of a location will depend on the stage of life you are in. Families with children or active retirees look for locations that work best for them. You may have the land purchased already or know the location you’re interested in. New construction in the right location will help fulfill your luxury home wishlist.
♦ Energy Savings – Advances in technology make it possible for homebuyers to build increasingly more energy-efficient homes. Ask your builder about the different energy efficiency options and energy tax breaks available. Your home quote will most likely have to meet established building codes. Solar, geothermal, high-efficiency furnaces, insulation, windows, and doors all play a part in your home’s efficiency and may be considered up-grades. There may also be some tax incentives available to help with those higher up-front costs.
♦ Market Conditions – During normal market conditions, a newer home increases in value.
♦ Safety – In a newer home, you know everything is new and built to today’s building codes.
♦ Warranty – Your new home will come with a warranty for at least one year. Plus, you will be starting over with brand new Energy Star appliances.
♦ Additional Time to Sell Your Home – Choosing new construction provides you with six months to a year of lead time to get your current home sold.
♦ Home Building is a very competitive market, and price isn’t the only factor you must consider. A lower quote may not be the best quote. It’s only better if you are getting the same quality and if the same energy-saving options are included in the quote. Just because the builder is meeting current building codes doesn’t ensure the energy savings you may be expecting.