Buying a new construction home has its advantages and disadvantages, and today I’ll provide you with a list of each so you can decide if having a home built for you is a good plan.
Some people fantasize about having a builder construct a home for them from scratch, while others would rather just purchase a nice, clean resale home. To be sure, there are both advantages and disadvantages to building a new home.
First, the advantages:
1. Everything is brand-new. A newly constructed home has a new roof, a new air conditioning system, new appliances, and all the rest. Most of these things will come with warranties, as well.
2. You get everything you want. You can select the perfect layout for your needs. If you’re picky about the features of your house, you can make sure you have it in a home that’s built for you.
Second, the disadvantages:
1. You’re not going to get into an established neighborhood. Many people really like the feel of an old neighborhood that has mature trees and a history to it. Those buying new construction homes won’t be able to enjoy those factors.
2. Building a home can be more expensive. New homes are built with newer materials, which can be costly, along with whatever add-ons you select.
3. It’s not built yet. Builders are subject to a lot of external factors, like weather, the economy, changes in prices for materials, and so on. With that, it will take at least six to 12 months to complete your home. If you’re looking to move quicker than that, building a home isn’t likely for you. However, if you’re looking for the perfect home and you have time to spare, a new construction home could be a wonderful investment.
If you have any questions about new construction homes or real estate in general, please feel free to reach out to me. I hope to hear from you soon.