The Benefits of Buying a New Construction Home
When you buy a new construction home, you reap a number of benefits that you may not get with an older home. If you are in the market for a new home, here are some benefits to buying new construction.
Benefit 1: Energy Efficiency
One of the main benefits of buying a new construction home is that they are much more energy efficient than older homes. New construction homes are built with energy efficiency in mind and often include features such as double-paned windows and energy-efficient appliances. This can save you money on your utility bills and help reduce your carbon footprint.
Benefit 2: Warranties
Another great benefit of buying a new construction home is that most building materials will be under warranty. This means if something goes wrong, you may be able to get it fixed without having to foot the entire bill yourself. In addition, many new construction homes also come with a warranty from the builder, so if there are any major problems with the home, you may be covered there as well.
Benefit 3: Personalization
When you buy an older home, you generally have to take what you can get. However, when you buy a new construction home, you often have the ability to personalize it to some extent. For example, you may be able to choose your own paint colors, flooring, and appliances. This allows you to create a space that truly reflects your taste and style.
Additionally, we heard from top producing Costello agent Steve Lonnen with SL Homegroup to hear his take on new construction. Steve pointed out that one of the biggest advantages to buying new construction is, you can lock in your interest rate when you sign a contract, and you may even be able to get a free float down. This means that you'll have plenty of time to sell your current home or finish up a lease without having to worry about rising interest rates. Additionally, many builders are now offering closing cost credits, which can be used to upgrade your new home. These credits were not available months ago, so if you're considering new construction, now is a great time to take advantage of them.
If you are in the market for a new home, buying a new construction home is definitely worth considering. New construction homes come with many benefits, including energy efficiency, warranties, and personalization options. Keep these benefits in mind as you start your home search!