Are you ready to buy a house? Are you considering the ultimate question: Should I look for a new construction house?
There are two kinds of people, the people who are all for new construction houses and the people who believe that old is gold.
And of course there is the undecided!
If you are still in limbo and cannot decide if you trust new construction enough to buy a new construction house this article may help you.
We have brought you here some of the most famous arguments for and against buying a new construction house.
New construction houses are smaller
Older homes often seem to offer more indoor and outdoor space than the typical new construction house.
However, the scale of the difference depends on the type of home, and its location.
Moreover, new houses usually offer new amenities!
And also compact living is not necessarily a bad thing. Smaller proportions make new homes a very attractive choice for some buyers.
So a new construction house may be smaller than an older one, but it might just be the perfect size for you.
New house, new décor
A new home will be newly decorated, without the tastes of former occupants infringing on your style.
However, it will still have the taste of the builder!
Whether you buy an older home or a brand-new one, there will always be design choices beyond your control.
Nonetheless, if you are able to have the builder customize the home before construction is complete, it will be built with your personal specifications and that would be a big bonus!
Dodging a fixer-upper
A big financial benefit of new properties is that you will not have to do a lot of maintenance.
With brand new electric wiring, plumbing, air conditioning, walls and roofs you should be repair free for at least a few years.
And on the odd chance there is something not quite right with your property you should contact the builder immediately.
Any imperfections (builders call them snags) should be fixed by the builder as soon as possible, preferably before you even exchange contracts.
While newly constructed homes tend to cost more than similar pre-owned homes, sometimes as much as 20 percent more, they are initially less expensive in terms of maintenance and utilities.
Utilizing new construction materials, new construction houses are usually more energy efficient; that means potentially lower utility bills.
So you might think you are paying more but not really.
Consider the lifestyle you prefer
Some people are all in for gated communities, buying new construction often means buying a lifestyle.
Gated communities often include great amenities like parks and schools and transit. The key is finding a builder who offers what you care about.
One the other hand, if you are looking for a lovely, tree-lined older neighborhood that has a well-established community of neighbors, you will not get it for many years in a new development.
Personalization is a key word
If you are buying off-plan, you might be able to personalize your new home and choose your fixtures and finishes.
Of course personalizing your house is an amazing option but it comes with a very high price tag; Builders always set a very high price for “upgrades”, that means anything other than their generic finishes.
Moreover, plans and brochures do not always give the clearest picture of what the home will actually look like in real life when it is built.
Shop around first
Not all new construction homes are built equally, so you will want to do some research before you buy.
View several new construction properties and find the one you like best.
Then ask every question you can think of, and try to find out about the area and about the building company. Get as much information as you can before you commit to buy.