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Top four advantages of buying a newly built home

Top four advantages of buying a newly built home

 
May 20, 2011
 
When viewing local real estate listings, people looking to buy a home may see a number of newly built homes along with the many existing homes being offered for sale.
 
While they generally cost more than existing homes, new homes can have a number of advantages for home buyers.
 
Customization
 
The first major advantage of purchasing a new home, according to U.S. News & World Report, comes from the nature of home construction - customization. Many builders allow their buyers to tweak the home's design, should they want.
 
For example, they may be able to say what color exterior they would like on the home, or what kind of flooring they would prefer in the kitchen. 
 
While some changes may affect the home's final price, even something like the location of a bathroom may be flexible.
 
Less maintenance
 
Because the homes are new, U.S. News & World Report says they will generally have fewer repair and maintenance needs than other properties. 
 
Older houses may need new carpeting or a fresh coat of paint a few years down the line, while new homes likely will not.
 
New homes may also be made with newer materials which are engineered to require less upkeep, such as composite siding which can't decay and won't need repainting.
 
Warranty
 
New homes also generally come with a warranty, which guarantees most things in the home for the first year after it is sold. If the roof begins to leak or the air conditioner fails, the builder may pay for the repair costs.
 
However, RISMedia says home buyers still may want to bring in a separate home inspector to look at the property, since some issues may not present themselves until several months later, when the warranty may have expired.
 
Energy efficiency
 
New homes may also save home buyers more money in the long run, since they are generally much more energy-efficient than older properties. 
 
While advancements such as triple-pane windows and spray insulation were rare several years ago, they are now nearly standard in many new homes, U.S. News & World Report says.
 
Newly built homes also generally come with new appliances, which have similar advantages in terms of energy costs. High-efficiency washers, furnaces or air conditioners could save homeowners money on their electric bills every month they own their home.
 

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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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