The Essentials of Homes – Getting to Point A

Advantages of Buying New Construction Homes

Mortgage house hunters are faced with the choice of either buying a previously-owned home if not a foreclosed one, or buying a brand new home which are mostly costlier when one brings it down to per square foot. There are good selling points to these two choices but there are more advantages of buying a brand new one if you want to have a place where you can comfortably settle down for good.

Buying a previously owned home can give us two selling points. And the first being, that it is cheaper and therefore your monthly amortization is lower. There are, however, other expenditures that you have to think about in a pre-owned home like repairs or replacements in the future. The other selling point however, is when one puts a zero value on the house itself and exploits the value of the property, which is a good real estate investment in the long haul.

Because we focus so much on the high cost of down payment and a higher monthly amortization cost, we miss out on the numerous selling points of buying a brand new house for a more comfortable future.

One of the selling points of a brand new home is the flexibility you have in choosing the layout, the color, the type of flooring, and other things when it comes to design. Participation of buyers in the process of designing the new house is oftentimes allowed by the home builders. But this is not the case with a used-house, the process will have to involve demolishing first then constructing a new arrangement but limited to restrictive structural patterns that has been emplaced already.

Today, building codes required energy efficient standards. Because of the high energy risk at present, home builders need to adhere to the regulatory code. This means the newly constructed homes has no choice but to adopt to better develop innovations beginning with higher-efficiency insulation, doors, and we are even beginning to see double, triple and quadruple-paned windows which where unthought-of before because energy was cheap and abundant to keep one’s home either warn in winter and cold during summer. The HVAC designs of today are also made to help reduce utility bills. Today new homes use high efficiency stoves, refrigerators, washing machines, water heaters which were unlike what they have years before.

When the house is new, expect to have fewer and minor repairs since everything is practically new and even have warranties so no need to shell out anything until the next year or two.

Buying a new home can also benefit you from the mortgage financing perks that builders give in their efforts to sell as many houses as they can.
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