Pros and Cons
When searching for a home, you don’t want to skip over new builds as an option. Right now, there are more newly built homes to choose from than there would normally be in the market. And those added choices come with some pretty incredible benefits.
Here’s a quick rundown of some things I can walk you through – including a few of the top perks of buying a newly built home today and some potential things you will want to think about before you ink any contracts.
The Perks of Buying a Newly Built Home
Customization Options: Many builders allow buyers to choose finishes, layouts, and upgrades so that you can personalize your home.
Less Maintenance and Fewer Repairs: Everything from the roof to the appliances is brand new – so no repair costs for at least the first few years.
Eco-Friendly and Energy-Efficient Features: With stricter building codes, newly built homes tend to be more environmentally friendly. This could save you money on your energy bills.
Builder Incentives: Some builders offer incentives to homebuyers. It could include buy-downs or other ways to offset today’s affordability challenges.
Other Considerations When Buying a Newly Built Home
On the other side of the coin, there are some things that you will want to consider before making your choice.
Longer Timelines: If you are purchasing a home that’s still under construction, you may have to wait several months before you can move in.
Potential Price Changes: Keep an eye on costs, too. It’s easy to go over budget if you keep tacking on upgrades or add-ons as you customize your build. Building materials can be affected by the economy, inflation, and changint trade policies.
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