Why Buy New?July 7, 2008 Why Buy New? Looking for a new house? Your timing could not be better. Many times it is advantageous for consumers to buy new homes. Here are some reasons of how it can be beneficial to you. In today’s economy, home buyers are looking to maximize the energy efficiency in their homes. New homes have better insulation, higher efficiency windows, and better cooling and heating systems to help lower operating costs. Better ways of building homes with improved architectural design, as well as high quality/low maintenance materials have added more value to a home. Home mortgage rates are still at a record low; it is a great time to buy. There are many mortgage loan options to consider, one of them being the energy efficient mortgages (EEMs) for green living homes. Mortgage interest and real estate taxes are also deductible on the home buyer’s income tax return, making new home purchases good financial sense. New homes provide you with a builder’s limited warranty. This warranty will typically cover appliances, mechanical equipment, and the construction (any structural problems) of the new home. This yields such an important investment with less risk. Contractors are finding better ways to construct homes giving us more designs and technology to suit the consumer. Larger closets, great rooms, state-of-the-art kitchens, and wiring to accommodate all our home media needs are just a few of the available options. As trends change, it is these newer designs and amenities that buyers want. A new home can even improve one’s health. All new homes are pet-free. If a buyer has allergies, this can be important. Asbestos is no longer used in any building materials, such as shingles or insulation. Lead is obsolete from paint, making homes healthier and safer to live in. Finally, every home buyer’s preferences are different. Having a new home allows it to be truly your home.
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 Our builder showed us how we could get into the school system we wanted and a home that’s flexible enough to accommodate our growing family. We’ll be closer to work, and we’ll also save energy on our utility bills. It’s a win – win for everyone. The kids can’t wait to explore the new neighborhood and we can’t wait to settle in. To think, we almost stayed away from building a new home because we were worried about the mortgage crunch. When we discovered that 99% of homes are not in foreclosure; that made us feel secure in our investment too. |
