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. These two sets have various selling pointsthat we can glean at, in hope to win you over into settling for a brand new one if the priority is to actually have a place where you want to comfortably settle down for good. In the case of a pre-owned home, we can find two selling points. And the first being, that it is cheaper and therefore your monthly amortization is lower. However, this does not include other form of costs which you have to intermittently put every time something goes wrong or breaks. 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. But if your intention is to really settle down for good, choosing a brand new house has numerous selling points that are often overlooked because what stands out more is the high cost of downpayment if any and a higher monthly amortization cost.
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One selling point of a brand new house however is that you have more flexibility in the layout, choice of color, type of flooring and etc. Buyers are often allowed by home builders to participate in the house design. 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.
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Today, building codes required energy efficient standards. A regulatory code which must be adhered to because of today’s higher energy risk. What this means is that newly constructed home need to adapt to better develop innovations beginning with higher efficiency insulation , doors, and widows like the one we now see which has double, triple and quadruple panes, which were unthought-of of before because energy was cheap and abundant to keep one’s home warm during winters and cool during summers. 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. There are warranties to a new home so if there are minor repairs, the home builder will fix it up for you for the first or second years. Another advantage of buying a new home is that you can have mortgage financing perks that home builder give in order to sell as many homes as they can.