When it comes to deciding whether to buy a new home verses an older home is always going to fall on your own personal choice. However, we’ve decided we’d start out the new year think new – about housing! There is always a little bit of charm when buying a previously loved home, but there are major perks with buying a new home! Check out the many pros when buying new below:
If you choose to buy new by building new – you can have you home built completely to your desires. You can decide and customize your floor plan, how many rooms you want, how many bathrooms you’ll need, how much storage space will be within your home, etc. The possibilities are endless. You also have the luxury of choosing your flooring, paint colors, window types, and so many other detailed items you don’t get the option to pick from when buying used.
Green Green Green
When buying new the obvious is true – everything within the home is new, which includes appliances. With modern appliances being more and more energy efficient, new home owners are having lower utility bills. Also, with newly-constructed homes, you also have a higher chance of having features, such as, Low-E windows, energy saving water heaters, furnaces, and air conditioning units. All of these save you tons each month and give you a smaller footprint as well.
With new homes, features hold up better compared to older homes because, well they’re new! With older homes there is already wear and tear on the floors, doors, walls, windows, siding, plumping, electric boxes, etc. and can be a pain to replace or repair after just spending a large amount of money on your home. When buying new, you can rest easy knowing those things won’t have to be replaced for a long time.
Speaking of not needing to replace features for a time, new homes today are built specifically to minimize maintenance requirements. Many homes are built using composite products instead of wood for exterior trim – where wood can rot or need repainting, using composite products don’t require that kind of maintenance. When buying a home is always smart to look at the long haul. Figuring out a timeline of when things might need to be replaced or repaired will help you determine which home might be best for your budget. Sometimes a great deal on a home today could mean costly repairs within a couple of years – where as you may find a home a bit more costly today, but won’t need to make repairs for many many years down the road.
Another thing to consider when buying a newly built home is a warranty. Many home builders will often agree to take care of any repair work needing to be done on the home for at least a year and in some cases longer. This is absolutely a perk for looking at your long haul budget. Knowing you have that safety net should something go wrong, can be the difference of spending thousands of dollars verses zero.
Newly constructed homes are now often built with many fire safety features that may not be present in older homes. All newly built homes are required to have hard-wired smoke detectors, which can provide better protection than battery-operated ones. Also, many homes have fire retardant carpeting and alarm systems that immediately alert the fire department if flames are detected. There are also many more features that are pro fire safety from appliances to actual home construction.
Buying a new home verses an older home can seem way more scary, but it really doesn’t have to be. Buying a home is an investment in your life, so when making this decision you have to make sure it fits what your budget and you end-goal. If you are looking to have your new home be one you live in for the rest of your life, buying new may be for you. You won’t have to be concerned with too much in the beginning and you’ll know everything that had gone on within your home from the moment you bought it, which certainly gives you a leg-up from buying old.
Give us a call and we would be more than happy to talk with you some more about buying new and how Ole South can help. Call us at 615-219-5644 or visit our website at www.OleSouth.com.
By: Sarah C. Spadavecchia – January 6, 2016