Cost Saving Advantages Of Buying New Build Homes
Cost Saving Advantages Of Buying New Build Homes
Given our current economic stuation and the unstable housing market, prospective home buyers are faced with an important question: should I purchase an existing property, or is there a cost advantage in buying a new build home? Often we think that an older piece of real estate is less expensive and possibly in the hands of a panicked owner that is looking to make an eye-popping deal, but considering the manufacturing codes that apply to new homes, the energy saving standards now in place, and the overall resale value, a newly built house is attractive to the pocketbook as a long term investment.
Better Building Materials Used Today
Over the past several decades, many changes have been made to the construction of building materials, both for the exterior and interior of homes. More attention is paid to the lasting quality of wood framing, sheetrock, and roofing, as well as guarantees on modern appliances and fixtures. Heating and air conditioning systems are designed with an eye towards easier accessibility for maintenance and repair, and interior painting has evolved rapidly, with improved water-based products that fade or discolor much more slowly over time. In general, new homes do not require as much upkeep in a given time frame, saving the owner a tremendous amount in repair bills.
Meeting Today's Energy Efficiency Standards
Laws passed that require increased energy efficiency is another reason buying a new build home is a true cost-saver. Manufacturers have had no choice but to produce these new ultra-high efficiency products as their main items, since new homes must have them. Because they are manufactured as standard quality, the price tag for such things as hot water heaters, air conditioners and heat pumps, refrigerators, and window products are just as affordable as they were 10 years ago. And the decrease in electric charges is immediate; the homeowner notices reductions in costs relative to the same usage in an older existing home.
New Homes Have "Smart Options"
It is far easier and less costly to install the latest technology in a new home during construction than to try to incorporate it into an existing structure. New construction designs include additional cable and phone jacks, specialized ports for electronic equipment, locations for wireless internet access, and ready-to-go security systems. These features, when installed during the building process, are much less expensive than when added to an older home.
Home Warranty And Resale Value
Most new homes come with a complete warranty that covers the entire property, whereas extended warranties on older houses cover only certain items, and are often available for only one or two years from date of purchase. Considering the brand new installed equipment that comes with most new homes, the resale value of these residential units is considerably higher, so long as the neighborhood is comprised of other homes of comparable value.
Buying a new build home is an investment that is far more likely to pay off when compared to an older piece of real estate. We are already seeing statistics that show new homes to retain their original value longer, and save the owner considerably in maintenance and repair.
About the Author
For more information on buying new build homes visit http://www.whathouse.co.uk/affordable-homes
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