New construction homes offer a variety of features for every type of buyer. However, a few key differences set them apart from their resale counterparts.
For example, closing costs on NYC new development can easily hit 5% of the purchase price, while they only top out at 3% on resales. This is largely due to transfer taxes and the sponsor’s attorney fee and superintendent’s apartment contribution.
2. Energy-efficient homes
When it comes to purchasing a new home, many buyers are interested in energy efficiency. This is a great choice as it can reduce utility costs and help protect the environment.
Newly built homes are designed with the latest technology to save you money on bills and lower your carbon footprint. This includes features like low-flow appliances and solar power.
A lot of new construction homes are also ENERGY STAR® certified, so you can be confident that they meet the latest energy standards. This is especially important because larger houses tend to consume more energy.
Buying an energy efficient home can actually save you up to PS2,000 a year in utility bills, according to research by the Home Builders Federation (HBF). So you’re not only saving on your utility bill but also protecting the environment.
3. Peace of mind
Peace of mind is a state of being free from stress, anxiety and worries. nội thất quảng ngãi can achieve it by taking steps to improve your mental health, focusing on what you can control and embracing your daily circumstances.
New construction homes are often built with peace of mind in mind. They are typically situated in central locations that provide easy access to schools, shopping and transportation. They also tend to have a fresh, clean aesthetic that’s ideal for families.
While buying a new build, it’s still important to do your homework and ensure the home has been built properly. This includes requesting an inspection from a trusted inspector before moving in. This way, any issues can be resolved quickly and easily. Plus, most builders offer warranties that protect buyers from unexpected repairs.
4. No repairs needed
Unlike resale homes, new construction homes offer minimal repair costs. They’re often built using energy-efficient materials, which can save homeowners money on their utility bills in the long run.
Additionally, new construction homes are often covered by a home warranty. This helps to ease some of the financial burden of owning a home, especially if something goes wrong with your HVAC system or finishes like your kitchen cabinets.
Still, you should always get an inspection done of a newly built home, regardless of its age. Delays in building schedules can occur, so be sure to work with a real estate agent who can monitor progress and ensure you’re updated. This will help you plan accordingly and secure temporary housing if needed. You’ll also want to ask your builder about warranties, which can protect you from costly issues down the line.
5. Better value
In a market with low inventory, new construction offers better value than existing homes. New builds typically feature modern upgrades and amenities, which appeal to many buyers. However, these features come with a premium compared to similar resale homes.
The premium is likely to fade over time, but it’s a consideration for buyers looking to buy now. In fact, new homes cost about 17 percent more than resale ones, according to median price data.
However, the pricing gap has been narrowing recently as builders offer incentives to attract buyers. These can include amenity upgrades, mortgage rate buy-downs and even closing costs. A buyer’s agent can help buyers negotiate these terms. Buying early in the build process may allow for more customization, while buying late can lead to a lower purchase price as builders aim to meet sales goals or clear inventory.
New Builds For Sale
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