So you’re interested in buying a home. The real estate market has plenty of offerings, from older properties and resales to new construction. Each property type has its own selling points, and you’ll have your own needs and preferences to take into consideration, but here’s why you should consider buying a newly built home.
- A blank canvas.Unlike old properties, a new home allows you to personalize without having to go through too much trouble. Instead of having to renovate, you’re given a blank page to start a new chapter of your life. Customization is even easier, as buyers get to pick certain aspects of the home (flooring, fixtures, etc.) before moving in.
- Greener, cheaper, and safer.Nowadays, new homes are built according to the latest standards and safety codes. According to Mortgage Advice Bureau, new build homes are more energy efficient and generate less carbon dioxide emissions than resales. You also don’t have to worry about repairs as soon as you move in; professional and respected builders use the latest in construction techniques and building components. This makes a newly built home greener, safer, more comfortable, and easier to maintain.
- Innovative paying schemes. More people are given a chance to purchase their own home through a number of new purchase schemes offered by homebuilders and even the government. Larger and well-established homebuilders tend to have their own mortgage companies to help homebuyers finance this endeavor.
- Warranties.Trusted homebuilders offer buyers a comprehensive customer care package. While the components of the package depend on the homebuilder, some perks include repair work for the first year of residence. Jack McCabe of McCabe Research & Consulting says, “A new home is generally fully warrantied by the builder for a minimum of a year and most of all the other components are warrantied for extended periods.”