Buying a new home can be an exciting time; however, it also comes with a lot of decisions. You may have questions about whether an established or new construction home is best for your lifestyle and budget. Before making your decision, take the time to review a few of the pros and cons of each type of home.
There are many pros to buying a new construction home. Here are a few:
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New homes and energy efficiency.
New homes are built with the latest energy-efficient technologies, such as insulation, windows, and heating and cooling systems. This can save you money on your utility bills.
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New homes come with a warranty.
Most new homes have a builder warranty covering the structure and the systems for a while. This can give you peace of mind in case something goes wrong with your home, and you won’t incur additional costs.
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New homes are often move-in ready/ clean slate.
New homes are typically finished and prepared for move-in. Everything in the home will be in perfectly pristine condition — and you’ll unlikely have to make repair costs anytime soon. Unlike purchasing a pre-owned home, the buyer must often set aside funds for maintenance costs or immediately make repairs and upgrades.
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New homes can be customized to your needs.
When you build a new home, you can choose the floor plan, finishes, and features you want. One of the biggest benefits of buying a new home is that you should have a much bigger opportunity to customize and build your home how you want. This can help you create a home perfectly suited to your needs.
Of course, there are also some cons to buying a new construction home. Here are a few:
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New homes can be more expensive than pre-existing homes.
The purchase price of new construction homes has risen in recent years, including property taxes. This is due to several factors, including the rising cost of materials and labor.
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New homes can take time to build.
The construction process for a new home can take several months. This means you must be patient before moving into your new home. The home’s square footage will also play a role in the construction timeline, as bigger houses take longer to build.
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New homes may not be as customizable as you think.
Once you have chosen a floor plan and a set of finishes, it can be challenging to make changes. This is because the builder has already made several decisions about the construction of your home.
Overall, there are both pros and cons to buying a new construction home. Whether or not a new construction home is right for you depends on your needs and circumstances.
BSR Properties is focused on making a difference in your family’s home search experience through great value, quality construction, and exceptional customer service. We know that no two people or transactions are alike, and we strive to tailor your home-buying process to meet your needs and expectations. We carefully select all our communities in small towns within an hour of downtown Houston so that you’re far enough from the city but never too far from the convenience.
Let our team of dedicated professionals help you find your next home!