Buying a new home can be very confusing in general. Deciding to go with a new construction home or a resale home can make your decision even more difficult. First, you need to decide what you will want in your new home: what type of amenities, costs, neighborhoods, and the overall area.
Why Choose New Construction?
When buying a home, new construction is the top choice for many families. There are so many upsides, starting with the fact that there is no need to update the home’s interior or exterior. This can save you so much time and money. You will not have to worry about bad plumbing, roofing, appliances, or the instability of your brand new home. Although older homes have incredible craftsmanship, you still run the risk of having dated equipment or big-ticket items going bad.
Build what you want from the ground up
Buying new construction is also a great idea because the home can be built from scratch, meaning you can design it to your liking. Some people love their homes to be clean, neat, and organized, while others like a more compact space. Also, sometimes people love to buy a home that has never been lived in before. This can save you the hassle of having to remodel your home.
Save Energy & Money
Another upside to buying a new construction home is that it will be energy efficient. New construction homes are built to a much higher standard, and when you are eventually ready to sell your home, studies show that they sell for a premium of 3.5% to upwards of 9% compared to average homes (Westfall). These kinds of homes have better insulating materials and sustainable building products that will make your home last. Buying an energy-efficient home will help you in the long run, being that it will not be drafty and will be easier to heat and cool.
Increase Your Peace Of Mind
When moving into a new home, the last thing you want to hear about is that something is wrong with your home’s interior or exterior structure. Well, you are in luck because when moving into a new construction home, the plumbing, roofing, ceilings, electrical, heating, and cooling will all be brand new and updated. Any one of these items can end up costing thousands of dollars if it needs to be repaired or replaced. Most people appreciate the lower risk associated with a newly built home, at least their wallets do.
New Construction Home Myths: Busted!
Now let’s bust some myths! There is a common misconception that building a new construction home is far more expensive than buying a resale home. Well, this belief is false. After customizing your home to your liking and not having to worry about costly repairs or faulty appliances, most people actually end up having to spend less money over time. Plus, many new homes come with warranties to ensure you are not on the hook should anything go wrong.
Endless Landscaping Possibilities
Overall, buying a new construction home is a great idea. One downside to this is that new construction homes may also not have much outdoor landscaping. This may be an issue for some, but others love to create their surroundings. Some great new information about landscaping can be found here. On a positive note, buying a new construction home usually comes with better amenities, like a swimming pool, walking trails, tennis courts, etc.
Thinking of New Construction? Think Marketplace Homes!
If you are thinking about moving sometime in the near future and are considering new construction homes as an option, feel free to give us a shout! Over the last 20 years, we have helped thousands of families move into the home of their dreams.
Alicia Persson is a real estate content/SEO writer at Marketplace Homes. She has several years of experience working in real estate teams that specialized in investments and property management. Before she joined Marketplace, she was a freelance writer for 7 years, leading to a specialization in real estate and home living content for boutique digital marketing agencies. During her writing years, she learned the basics of SEO and gained experience writing for many different clients, making her highly versatile at creating diverse content.
She is a proud University of Virginia master’s graduate and enjoyed her undergraduate years at the University of Mary Washington. When Alicia is not writing, she plays keytar and sings in a local 90’s rock cover band, or she spends time with her amazing family.