Sunday, 23 February 2014

Why Buying A New Home Makes The Most Sense

By Dennis Fineman


For someone in the market for a home, they can look at older homes in neighborhoods that have been around for decades, or they can chose from recent construction. There are advantages either way, but new homes offer a few advantages that older homes do not.

There is no shortage of homes available to buy on the market, and some investors like to scope out the best deals on new properties, purchasing the houses when the market is good for buyers and then selling them when the market flips, or keeping them as rental properties. Many landlords enter the business that way. Buying new homes often comes with tax incentives as well.

New or recently constructed houses are no worse for wear, because there has not been any wear. Anything built in the past ten years does not need new wiring, pipe repairs, or an upgrade to a more efficient heating and cooling unit. Prices dip up and down because more people are selling than buying, or vice versa, at a given time. It is a great reason to acquire property when the market is good. Following will be a number of the pros to buying new.

Energy Efficiency Is Great - While old homes may seem small and quaint, new homes are super modern and have energy efficiency in mind. They are often much better insulated than older homes and also have modern appliances that only consume a fraction the electricity as an older home. While new houses are bigger, they can actually cost less in electricity and gas compared to something that has not been retrofitted.

They Capture a Suburban Feel - Often times, you'll find that a new home community comes with a range of amenities that capture the feel of a classic suburban neighborhood. They often have playgrounds and pools for the little ones, sidewalks for people who enjoy walking and biking, and extra security for homeowners.

Modern Home, Modern Entertainment - If you talk to someone who was building homes in the 60s, you can be sure they didn't have surround sound or HD projectors in mind when they designed the living rooms. No one could have predicted what entertainment trends would be popular half-a-century later, so they were designed with the era they came from in mind. Modern homes are designed to be fitted with modern entertainment, so you won't have to fiddle with the wiring or work in confined space.

The final reason to buy a new home is simply that the American consumer still likes new. Imagine a newly-wed family: The mother will want to cook on a new stove, and the father will want a spare den room all to himself. The American home is no longer a kitchen and two bedrooms: It has den rooms, entertainment rooms, exercise rooms, and everything for the modern imagination.




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