Purchasing a home is one of the biggest decisions a person will make in their life, it is a large financial undertaking in which the buyer needs to be completely educated and 100% comfortable with their final decision. There are considerable advantages to buying a brand new home over an old/used home. We’ve taken the opportunity to outline some points below that are worth considering before making your decision. We hope you’ll find them helpful!
New Home Advantages
The buyer can have input on the floor plans, architectural concepts and conveniences they want to reflect their personal style to include the colors, kitchen design, modern appliances, flooring, etc.
- LOW MAINTENANCE
Brand new homes will require less maintenance and fewer repairs because it is built with modern systems and components
Not only does the Builder offer a warranty for the entire home, but various manufacturer/supplier offer longer warranties
It can be difficult, timely and costly to get a loan on an old house, but with brand new homes there are more affordable loan options
- LESS UPKEEP
Fresh, brand new and clean products lend to buyers ease of knowing there is little to worry about
- ENERGY SAVINGS
Brand new homes are built to current building requirements and local codes making them far more energy efficient than older homes
Brand new homes are built with low-emitting products and paints plus offer the latest ventilation and air filtration equipment
Building a brand new home offers more excitement knowing once it’s complete you are moving into a home truly designed just for you!
Used Home Disadvantages
- REPAIRS & MAINTENANCE
As older home needs more repairs and hidden defects frequently are not uncovered until after purchase is complete and the buyer is living in the home
- NO PEACE OF MIND
Unlike new homes, used homes are seldom, if ever, warranted by the sellers or manufacturers/suppliers
- COSTLY FINANCING
Additional money may be needed to assume loans or cover closing cost
May not be built to current building requirements and local codes, all the finishes and design features may not be modern
Living with someone else’s decisions/taste, design and color selections