There are a variety of benefits to choosing a new homes over pre-owned homes. When you want to move into a house and become a homeowner, it's important to consider all of your options like to choose what type of home is the "right" home for you and your family. Home buyer's have a choice in today's market of purchasing a new home, a resale or a foreclosure. There are many different home-builders and each have something different to offer. When you are able to move into a new home, you get a longer warranty on everything and are able to be the first one inside of each room.
Below are the benefits to owning a new home.
- Warranties: In a new home the warranties all begin from the closing date of the home. Items such as appliances usually have a one year builder's warranty and appliance manufacturers offer extended warranties on their individual appliances in addition to it. The thought of getting a home where "everything" is covered for 1, 5, even 20 years for items such as structural or roofing systems is definitely the appeal for many home buyers.
- Improved Floor Plans: New homes come with much improved floor plans and include great rooms, oversize kitchens, walk in closets mudrooms etc.
- Quality Construction: The quality of your new home is based on solid construction and attention to details. Professional new home builders combine the latest construction techniques with timeless craftsmanship to create homes that are comfortable, attractive and great to live in.
- Customization: Many home builders allow buyers to participate in the process of designing their property, which helps create a living space specifically tailored to the consumer's tastes. You can pretty much choose your own style and finishes. New home buyers, for example, can often decide where their bathroom might go, choose their favorite type of flooring, or pick the color of the exterior paint. Buyers moving into a subdivision can sometimes even pick the lot they like best. You can choose several upgrades to satisfy your needs and make your home suit your personality.
- Energy Efficient: New homes are very much improved over older homes for energy efficiency. They are better insulated, have better windows and doors and the central heating system is much more efficient. This can be a huge cost savings for the new home buyer.
- Health Advantages: Most new homes have little to no toxic materials used in the manufacturing process. Previously, there was lead in paints, asbestos in flooring, formaldehyde in particle board.
- Low Maintenance: New homes have lower maintenance, at least for the first 10 years, than older homes. Your new home should not need modernizing, updating, refurbishing or redecorating for several years to come. Most new homes are fitted with upvc double glazing, fascias and soffit boards, requiring only cleaning as maintenance. Since it is new, more than likely, there are not too many repairs due to wear and tear.
- Finishes with Flair: From flooring to faucets, the latest finishing products smell great looks and superior performance. New home builders offer a wide selection of standard and upgrade options you can pick and choose what best suits your lifestyle, personality and budget.
- Green Appliances: The more energy-efficient mechanics of the house also help reduce utility bills for new home buyers. Newly constructed homes often include green systems and appliances-like high efficiency stoves, refrigerators, washing machines, water heaters, furnaces, or air conditioning units that homes built years ago might not. "The conditioning equipment is usually considered to be one of the larger energy consumption devices, but certainly those kitchen appliances matter," Morrow says. Existing homeowners can always retrofit their property or buy higher-efficiency appliances, but doing so requires a potentially significant expense.
- Materials Readily Available: It is easier to replace or match the materials used since they are still new and are still in the market unlike older homes that at times you would have to look for restoration companies to replace a piece of hardware if you want to match as the rest of the home.
- Indoor Air Quality: Clean air, a comfortable moisture level and no mold or lingering odors new homes are designed to give you and your family the best possible indoor living environment.
- Enhanced Electrical Systems: The advent of home computers, microwaves, plasma TV's, hot tubs and other modern conveniences have increased the power demand to all homes. New homes are better prepared for the increased demand by having a minimum of 100 amp electrical panels.
- Minimal Repairs: When purchasing a new home home-buyers will have minimal repairs. When choosing a resale home there may be carpets, appliances or other updates to the house that may incur substantial cost to repair or replace.
- Security: New homes come with higher levels of security, with window locks and British Standard 5 lever locks to main doors. Some builders either pre-wire for a burglar alarm system, or fit one as standard. These measures can help reduce house and contents insurance. Some developments even meet the criteria required for Secured by Design approval - a scheme that meets police standards for home security to guard against burglary and assault by way of estate design, physical security, lighting and alarms.
- Safety: Constructed to the latest building codes, a new home includes a wide range of safety measures to protect you and your family, from electrical circuit protectors and safety glass to hard wired smoke detectors. Certain rooms are required to have accessible opening windows, large enough to allow escape in the event of a fire.
- Insurance: It is sometimes easier to insure newer homes especially if the home comes equipped with state of the art fire or smoke detectors and home security systems. You can also get discounts on your homeowner's insurance if you use these amenities.
- Financing: New home buyers may be able to take advantage of mortgage financing perks made available through their builder. New home builders have their own preferred lenders that may offer perks such as paying points or closing costs and buy down certain rates for you. The sellers of a resale home is generally not going to do that for the buyer.
Remember, all of the above will save you money but the most important consideration is to buy a home you can afford to live in.