The Benefits of Purchasing a New Home vs. Resale

The Benefits of Purchasing a New Home vs. Resale

As you search for your dream home, you'll probably hear a variety of opinions on whether you should purchase a newly built home or a resale home. Although there are arguments to be made for both sides, there are some significant, undeniable advantages to purchasing a new build home you may not know about. We've outlined some of the benefits to purchasing a new home vs. buying a resale to help you get some clear answers.

Design Choices

Design Choices

Unless you are planning to spend a very long time combing through the market, it can be extremely difficult to find a home that will match your preferred design exactly. One of the significant advantages to buying a new home is that you can design elements of the space to suit your unique needs and taste. Many companies also offer different kinds of floor plans and models to choose from, meaning that you can have great starting blocks to help create your dream home.

Energy Efficient and Safety Conscious

Energy Efficient and Safety Conscious

Having an energy-efficient dwelling is very important for both homeowners and the planet as a whole! Designing a new home makes it much easier for you to incorporate the latest green technology into your living space. Of course, it goes without saying that this greater energy efficiency also equals lower utility bills, which means more money in your savings account. With these advancements in mind, it is important to point out the benefit of peace of mind. These buildings are the most up-to-date when it comes to safety features and come with modern fire retardants in materials such as carpeting and insulation. Builders also hard-wire smoke and carbon monoxide detectors into their homes, making it unnecessary for new owners to install less-dependable, battery-powered detectors! No worries if there's and electrical outage either; many builders will back up their hard-wired detectors with battery power just in case.

Lower Maintenance Costs

Lower Maintenance Costs

As you may have guessed, with a new house everything is new. This includes those costly components such as the furnace, water heater, air conditioning, kitchen appliances, roof, doors, windows and more. Also, most of these components will come with a warranty in a new home warranty. However, if you purchase a resale house, the equipment and structural features you buy will probably have been in use for a while and may be close to needing replacement. You may luck out with some warranties but they probably have significant limitations.

Mortgage Financing

Mortgage Financing

When you buy a new home, you can often take advantage of mortgage financing through the builders! Builders associated with large building companies can custom-tailor financing, down payments, loan fees, and interest rates in order to fit your particular situation. Many will also be willing to work with you in order to help defray closing costs at settlement. This kind of assistance is pretty much unheard of when dealing with sellers of a resale home because they do not own a mortgage company that can help with a loan.

Resale Value

Resale Value

You may plan to live in your new home for many years but, at some point, most people sell their home later on in life. Whether moving to a bigger home to accommodate a growing family, moving down to a smaller home when children are gone, or moving across town/ across the country for another job, chances are you may end up looking for a new space later on. While the home you sell will no longer be new, a home that is 5-10 years old is of greater appeal than a 25 year old home at resale. That means less expense for you when preparing the house for the market, plus the ability to get a higher asking price.

Buying a new home offers so many opportunities for customization and growth with the design options and technological blueprints available. As well, these homes are built with safer materials and up-to-date safety practices that are held up to a very strict code, meaning you can sleep soundly. For more information on the benefits of purchasing a new construction home versus resale visit Marina Homes.