At first glance, there seems to be one big reason to buy a new home instead of a used home: it's new! Most of us like new things like cars, clothes, and shoes. The real benefits of purchasing a new home lie just below the surface.
There are many reasons to buy a new home instead of a pre-owned home, but the biggest is that a new home is one of the very best ways to set your family up for personal and financial success!
Pride of Ownership
If you’re currently living in an apartment or leasing a house, buying your own home is truly the first step toward building personal financial security. For most families, their home and other real estate holdings can account for 84% of their total wealth. Buying a home gives you the peace of mind that you´re doing the right thing for your family, gives your children a place to grow up and set roots, and lets you start making the memories you and your family will hold for years to come. There is nothing that can replace the pride of ownership you’ll begin to feel when you purchase a new home. In addition to the good homeownership does for your heart, it makes sense for your head and bank account too!
The second reason to buy a new home is purchasing power. Today you´ll get more home for our money than you did as recently as a few years ago! Today, homes are larger and built better than they were years ago, and with the current low-interest rates and the variety of mortgage products available, you’ll be surprised at how much home you can comfortably afford. Neighborhood amenities also contribute heavily to the value of your new home. Developers carefully design today´s neighborhoods with your family’s lifestyle in mind. Many communities feature beautiful amenity centers, pools or splash parks, workout rooms, theaters, and family fun nights. These communities improve the quality of a family´s life. Some of the larger master-planned communities include a lifestyle co-ordinator full time that schedules community events. These lifestyle elements not only enhance your life but will make your home easier to sell when the time comes for your next new home.
Energy efficiency is the third reason to purchase a new home. Comparing the energy saving features in today's homes like radiant barrier, programmable thermostats, added insulation, vinyl windows and the higher SEER HVAC systems can save 30-40% on your utility bills compared to those you’ll pay in a used home that was built as recently as four or five years ago. This benefits you in several ways. First, you´ll have more money each month to save or spend on things like vacations or your children’s education. You may decide to use those monthly savings to get a bigger or better home. Saving a few hundred dollars per month on your utility bills may allow you to spend a few hundred more on your mortgage, and that means a bigger, better home! In five years, home buyers will expect energy saving features in their home purchases, new or used, and refitting a home that doesn't have these features will cost thousands. Energy saving features are standard in new homes today and will save you thousands of dollars a year while you’re living in the home and thousands when you decide to sell.
What about schools! Today´s new homes are also often built near brand new schools. These new schools often have a strong community identity, are often staffed by neighborhood residents, have exceptional funding, modern facilities, and new equipment. The student body draws heavily from the neighborhood, and sending your children to these new schools prepares them socially and academically for their future. Nearby schools also create resale value and can accelerate the sale of your home when you're ready to move. Schools are the fifth great reason to buy a new home!
Safety is the fifth reason to purchase a new home. Today´s new building codes ensure that new homes are built with the safest building materials available today. These new, highly developed “green building” materials will save money, provide a safe residence for your family, and help you with resale in the future. Today´s building codes regarding structure, plumbing, venting, and electrical wiring also ensure that your home is built using the safest techniques currently known, giving you the peace of mind that you´re giving your family the safest and most secure environment available today.
These are just a few of the many reasons that new homes are better for your family than pre-owned homes. The closer you look, the better.