Why Buy a New Home?
Advantages of a New Home
Building a New Home allows you to customize every aspect of the home. You can handpick your floor plan, flooring, counter tops, paint, and more! You can build your dream home!
When you build a New Home, you can have your it inspected during and after construction to make sure home is up to par. With inspections being done throughout construction there will be fewer things to fix later on. Your new home has no wear and tear, so you only need to maintain it instead of fixing it up as you would with an older home.
New Home Buyers may be able to take advantage of mortgage financing perks made available through their builder. New Home Builders, in many cases, have their own mortgage companies or will offer paying points or closing costs and buy down certain rates for you.
New Homes often include green systems and appliances such as high-efficiency stoves, refrigerators, washing machines, air conditioners, etc. New Homes are also better insulated, keeping the temperature stable and saving you money. Additionally, some new homes have solar panels to reduce electricity costs. On average, new homes are 30% more energy efficient.
New Home Warranties last 1, 5, 10, or 20 years, depending on which builder you choose. Most things in your home will be new and covered by the warranty, which will save you money on repairs.
What are the Risks of a Used Home?
Other people have lived in the home! They have contributed to wear and tear on the property. Everything, including appliances, may be old and you can we stuck having to deal with maintenance later! Previous owners may not have the history of maintenance and repair!
By the time you purchase the home, the home's manufacturers' warranties have usually expired or they have reduced coverage. Another issue is that they are usually not transferable so you are left dealing with costs. Financing may also be a problem due to condition of the home.
Not only are the homes probably less up to date in looks, but they are probably built to old codes and inspections. This means that inspections will have to be done and it may take time and money to get the home up to new codes and inspections.
Older homes generally don't have energy efficient appliances or aren't built structurally to be more energy efficient. Even cracks in walls or windows can raise your monthly utility costs.
You must take the home as it is. The layout may not be to your liking and the painting, carpeting, and anything else you want to change will just add to more of your expenses.
A NEW HOME IS A GUARANTEED
You don't have to deal with short sales. A short sale is not a guaranteed sale. Prices and times are not guaranteed. The home is being sold by a 3rd party, most often the bank.
A new home may include townhouses, condos, single-family homes, multi-family homes, and duplexes!
We are out of inventory in Orlando. There has never been a better time to buy new construction. Ask for the list of new homes available.