Thursday, 20 February 2014

Buying Homes New Makes Sense

By Dave Tarkanian


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.

The housing market is already full of homes, and sharp people like to snatch them up when times are good with an eye to investing. They are sometimes able to get great deals on new homes due to foreclosure auctions and then either flip them or rent them out. This is a very effective way to enter the business of being a landlord. There are also tax incentives that come with buying.

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.

New Homes Are Energy Efficient - While there is an appeal to older homes with a distinct, quaint look, new homes are often designed to be highly energy efficient. They lose less heat, due to superior insulation techniques and come with newer appliances and plumbing systems that use energy and water more efficiently. While new homes tend to be bigger than old ones, the energy efficiency actually makes them cheaper to power and heat than a lot of old homes.

A Little Slice of Suburbia - Recently-constructed neighborhoods attempt to recapture that feel of suburban community. They might have miniature parks and playgrounds, wide sidewalks appropriate both for bicycle and foot traffic, not to mention the security of a gated community or a cul-de-sac.

Entertainment for a Modern Age - Understandably, the homes of previous decades were designed to be fitted with the entertainment systems popular at that time. But this means that a house from the 70s will take require some serious work to accommodate a modern-day sound system or high-definition projector. Conversely, a home built in the modern age has modern conveniences in mind. Most new homes are already set up to be easily fitted with large TVs and powerful surround sound speakers.

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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