When house hunting, there are a number of potential advantages to buying new. Homes built today have improved energy and environmental standards than older homes. If you are concerned with going "green," a newly constructed home is virtually always the better route. Today's new builds are constructed with advanced materials for wall coverings, roofs, windows, doors, and meet or exceed the energy efficiency standards of the times. New homes typically even offer better air filtration, which increases the air quality to reduce allergies and asthma. Although these upgrades can be retrofit into an existing home, it is costly and challenging to achieve the same level of efficiency.
Another advantage is the opportunity to create a design that is perfectly suited to your lifestyle and needs. You can choose your layout and finish without having to compromise on a preexisting floor plan. When house hunting, most home buyers have a must-have list, but when building your own, it is easy to check off each detail of that list and more!
"Home is where love resides; memories are created, friends and family belong, and laughter never ends."
THE BOTTOM LINE
The price for new construction has risen over the years due to the increasing cost of land, the rising price of labor, and a shortage of lumber. But in the end, with a new build, you get precisely what you want, just the way you want it. With the current low number of homes for sale, the trend in home prices has made new construction worth a second look. Homebuyers have been forced to choose from a smaller selection of houses and are experiencing more competition when placing a bid. These two scenarios can be avoided by choosing to build a new home. With new construction, you are in the driver's seat.
The bottom line is that even if you control what you improve on a preexisting home, it is likely that to make it what you want, you're going to spend a substantial amount in the early years following the purchase. These are the unadvertised costs of not buying new. With a new home, you know what you are spending upfront.
A BUYER'S AGENT
A new construction real estate agent has a wealth of experience in the local market and can be an invaluable resource for any homeowner wanting to build their own custom home. The Realtors® of Mike Thomas Associates have the inside scoop on the best home builders, the best neighborhoods, even insight on the best time to buy a new home for the best price. We have a special relationship with our sister company, Oakmont Development, and are here to help you build your new home in Northeast Indiana. If you've been thinking about building, but don't know where to start, give us a call today!