SHOULD YOU BUY A NEW CONSTRUCTION HOME?

THE PROS AND CONS OF PURCHASING A NEWLY BUILT HOME

Purchasing a newly built home is a great choice for buyers who want modern conveniences, trendy features and the peace of mind that often comes with new construction. Before you close on a brand-new home, however, there are a few things to consider. Let’s take a look at the pros and cons of buying a new construction home.

The Advantages

• You can have the builder customize the home before they begin construction. This allows you to make requests and personalize the living space to suit your family’s unique needs and preferences.
• Newly built homes come with some of the exciting design elements that complement modern lifestyles, including expansive walk-in closets, open kitchens with islands and large master baths.
• Brand new homes typically require little or no maintenance, since new appliances, heating, plumbing and air usually remain repair-free for at least a few years.
• Because builders usually use modern construction materials, newly built homes tend to be much more energy efficient, meaning lower utility bills for homeowners.
• New homes often come with the latest technology already built in. This can include speaker systems, internet wiring and alarm systems which take time and money to install.

The Downside

• Newly built houses can cost up to 20 percent more than similar existing homes. Since new amenities and custom features cut into a builder’s profits, you will almost always pay more.
• Many newer homes are located in neighborhoods and developments that are relatively far from schools, grocery stores, shopping areas and your workplace.
• If you’re among the first to move into a new development, you may have to deal with noise and traffic from construction vehicles working to finish out the development.
• New developments don’t typically have well-established tree-lined communities; they also tend to have limited outdoor areas, since modern builders have to maximize limited lot space.
• Since they typically come fully built and fully equipped, new homes don’t always excite buyers who take pleasure in renovating a house or tailoring it to their unique preferences.

Things to Consider

While new homes are less likely to require maintenance and repairs, they aren’t immune to problems.

Whether you purchase a new or existing home, it’s good to have some extra financial security when systems and appliances fail over time

2-10 HBW offers the most comprehensive Home Warranty coverage for homeowners. Let us help you protect your home.