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New home advantages

 
October 4, 2011

Home buyers may find that new homes have several advantages over resale properties. When shopping for a home, individuals should consider the advantages and disadvantages to determine which better appeals to their desires.

According to U.S. News and World Report, one of the benefits of a new home is the chance to talk to builders and have the property's details customized to meet the home buyers' needs and preferences. While resale homes can be renovated, customization of a home still in construction may add less to the price. From small decision such as what color tile to use for the bathroom floor to larger ones like where to put the bathroom, this can add significant appeal.

Maintenance, warranty and innovation

New homes generally require significantly less maintenance than older properties, which can help offset their commonly higher purchase price. In addition, it means fewer of the interruptions, scheduling concerns and other complications that having work done on a home can entail.

U.S. News and World Report notes new homes frequently come with a builder's warranty under which the builder will cover any repairs necessary in the first year. That way if any flaws are found, the home buyers are not hit with serious expenses right after spending a great deal on their new home.

If the home buyer wants technology options installed, new homes are generally much better suited to such changes. Old wiring and the difficulty of altering work done a long time ago can complicate such tasks in an old home, but in a new one home buyers can install systems or just arrange for more plentiful phone jacks, electrical outlets and cable boxes. This can also include energy-efficient appliances which lower utility bills or plumbing fixtures designed to use less water.

Construction, negotiation and neighborhood

New homes follow stricter safety regulations than old homes, which may 
incorporate materials such as asbestos or lead paint. Older houses are also more prone to faulty wiring and leaking gas lines, which can be serious fire hazards.

According to U.S. News and World Report, builders may be more prepared to negotiate on price than individual homeowners, partly due to their greater ability to cope financially with the decrease and partly because they lack an emotional attachment to the home, which commonly leads homeowners to overestimate value when selling.

Each home is also part of a community, and newer communities frequently have amenities that older ones lack, such as parks, paths and open spaces which a family or individual can use to play, exercise, work out, or sit quietly.
 

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
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