Buying a home is a big deal. The fact that you are the first person or family to live in a newly constructed house only makes it that much sweeter. There are some very important advantages to considering new construction for your next home. Yes, you will be the first person to live in it, but there is much more.
You Can Customize It
In most new construction communities, you choose from a certain number of model designs. However, the choices you make of what goes in that home are very significant. You can choose your own flooring, cabinets, backsplashes, countertops, paint, fixtures, upgraded appliances and more. You literally get to build your house.
How many times have you gone into a resale home and thought, “It’s almost perfect!! If only it had granite countertops or tile instead of carpet…”? With new-construction you won’t have that problem – you’ll be able to move into a house you’ve customized.
This goes without saying, but take a moment to really think about what that really means: a new roof, new AC, new hot water heater, new plumbing, and new appliances.. New paint, doors, hardware. You will not have to worry about replacing these items for a very long time. That translates into savings for your wallet. Instead of having to anticipate new replacements for these items, you can use that money for a bigger down payment or for some upgrades in the customizations that we talked about above.
Energy Efficiency and Technology
Advances in technology and energy efficiency are made all the time. Can you think of one thing that you have that is older than 10 years old? Your phones and computers are probably not more than 2 years old . . . and that’s ancient for those devices.
Now think about your house. Is the AC 10 years old? What about the water heater? Or the roof?
The technology that exists today saves homeowners thousands of dollars a year. For example, tankless water heaters, impact windows and “smart” thermostats make your home more energy efficient.
Lower Homeowners Insurance
New construction is built to the most current building codes. That isn’t just a relief for the bureaucrats; building codes exist to protect people and represent the most current understanding of safe and efficient building practices. It also leads to getting great discounts on your insurance!
Many builders and their lenders offer their own financing incentives such as reduced closing costs or credit towards upgrades, and as a result, they often can give relief in areas that you wouldn’t find in a classic re-sale. Take closing costs for example. It costs money to buy a house, and we’re not just talking about the sales price. There are taxes, doc stamps, lawyers, etc. . . . Many builders will absorb some of those costs.
You cannot be required to use a lender but you can be incentivized to give them some seriously consideration. If you’re looking for “deals”, this is one good place for your agent to start with.
To look at new construction houses in West Palm Beach, contact us!