Many resale homes are hitting the market at fire-sale prices because of foreclosures and short sales. However, these homes may be less than appealing. On the other hand, due to excess inventory and the pressures of a sluggish market, many homebuilders are pricing new homes as low as the $100s. Ready-to-move-into new homes save buyers the time, energy and money it may take to turn an existing house into one that fits their specific lifestyle needs and wants.
Following are a few key facts first time home buyers should remember when deciding whether to buy new or existing properties.
- New homes require far less maintenance than an older home.
- New homes offer customized options and upgrades including the latest technology and security features.
- New homes are built to updated building and safety codes.
- New home floorplans offer more efficient use of space and storage.
- New homes offer energy efficient design and materials, better lumber, improved insulation and no lead or asbestos.
- New Homes can be personalized by Buyers providing input into structural design and interior decorating decisions.
- New homes offer construction and appliance warranties.
- New communities often offer more recreational facilities such as pools, tennis courts, clubhouses, grills, parks, jogging trails and play lots for children.
- Most new communities have homeowners associations, which help protect property values.
- Everything is new! Paint, flooring, countertops, cabinets, appliances-these features are in pristine condition and the new home owner will be the first to enjoy them. read more
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