Building/Buying New, a Great InvestmentNovember 6, 2008 It’s a great time to build new. That’s a statement that might surprise some people, but now may be a better time than ever. In today’s sliding markets, consumers are looking for a safe harbor for their money. What consumers need to realize is that new homes in the Midwest are still appreciating and buying a home is still a good investment. A new home has no falsely inflated mark-ups; homes are sold just above the actual cost to build them. Existing homes and investments have suffered because they are propped up by excess mark-up and profit-taking. Typically, new homes tend to out-pace existing homes by appreciating faster because the new neighborhoods have more appeal and the homes are generally more marketable due to their updated design features. Don’t forget the many advantages that come with buying or building new homes. One of those advantages is energy efficiency. New homes have better insulation, higher efficiency windows and doors, and improved architectural designs, all made possible with today’s high quality materials and building methods. Many materials in new construction are low maintenance and long lasting, leaving homeowners free of labor and worry for years. Home buyers will also appreciate a low risk on their investment thanks to new home warranties that typically cover appliances, mechanical equipment, and the construction of their home. These are only a few of the many benefits in new home construction. After putting everything into the proper perspective, buyers should realize that they need to take advantage of all this current market has to offer. Home ownership is still a very secure investment for all age groups. First time home buyers are forging ahead and taking advantage, because home ownership is still considered the biggest component of achieving the American dream. And, even though none of us can see into the future, most financial experts will agree that a real estate purchase, especially a new home, is one of the best investments you will ever make.
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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. |
