With mortgage rates below 6 and 5 percent, many homeowners who might otherwise relocate choose to stay put. It has resulted in a need for more existing homes available for sale.
For this reason, new construction homes are becoming increasingly appealing to homebuyers, whether you’re in the market for a new home or looking to upgrade your current one.
Customization
The advantage of purchasing a new construction home is the ability to personalize your home based on your needs and preferences. Before moving in, you can customize your new home’s size, location, finishes, and appliances.
In addition, new construction at Brock Built has the latest technology to ensure energy efficiency. It can save you significant money in the long run and help reduce environmental impacts.
New construction homes often have express warranties that cover problems like leaking roofs or broken air conditioning units. These warranties typically cover the entire period of homeownership and can give you peace of mind. You’ll also want to work with a real estate agent familiar with the new construction process who can guide you through any issues. You’ll also want to do a final home walk-through before closing. It will allow you to catch any last-minute items the builder may need to address.
Limited Wear and Tear
One of the most significant selling points for new construction homes is that everything is brand-new. That means you don’t have to deal with the wear and tear of previous homeowners, including their renovations and repairs.
New construction homes often meet the latest building codes and safety regulations, which can also help lower your insurance premiums.
Buyers should remember that even though a new home may seem problem-free, it’s essential to have an inspector check for things like electrical components, mold, mildew, and other potential issues. An experienced real estate agent can recommend a qualified inspector to inspect your new home before the final sale.
New construction homes are ideal for buyers who aren’t on a tight timeline and can wait to sell their current homes before moving in. However, they’re not for everyone. Those who need to move quickly or have other financial considerations preventing them from purchasing a new construction home should consider alternatives carefully.
Lower Maintenance Costs
Many new homes are built with the latest energy-efficient building materials, which can save homeowners a significant amount on utility bills over time. Plus, there are no worn-down components to replace immediately, so homeowners will likely have fewer maintenance expenses.
New construction homes will likely comply with the most current safety and building codes, saving homeowners money on their home insurance costs.
Longer-Term Value
Newly built home are typically built with the latest energy-efficient appliances and materials, which could result in lower utility bills. Additionally, newer homes are typically located in brand-new communities with new schools, roads, and sidewalks, which can save on maintenance costs (and prevent potholes for a bit).
If you want to invest long-term, purchasing a new construction home might be right. However, working with a real estate agent who can counsel you on upgrades and designs that will increase or decrease your home’s value over time is essential.
If you’re interested in purchasing a new construction home, find a trusted local Realtor who can walk you through the process. Then, once you’ve chosen a build option that fits your lifestyle, either a semi-custom or built-on-spec homework with a mortgage lender who can provide loan options and help you get into the right house for your budget. Then, you can enjoy your new construction home to the fullest.
