Why Choose a New Home?
Earlier this month the Sacramento Bee featured a story detailing home builders’ plans to construct upwards of 10,000 new homes in the Folsom region within the next several years. Just a few days later that same journal ran a story highlighting the forecast for major new home growth all over the Sacramento region. Similar types of stories are popping up in markets all over the nation right now. So it seems it’s now safe to say without hesitation: It’s official – the new home renaissance has begun!
If you’re thinking about purchasing a home right now, you may be wondering whether you should give serious consideration to purchasing a new home instead of a resale home. Since new homes are generally believed to have a slightly higher price tag than resale homes, are the benefits of a new home purchase really worth the extra cost? Here are a few compelling reasons for you to consider a new home purchase:
This a huge advantage of purchasing a new home vs. a resale home. When you move into an older home, what you see is what you get. While it’s true that you can make simple esthetic changes such as paint schemes, etc., to fit your preferences, doing this is often both costly, time-consuming, and a hassle. And the majority of changes you might be inclined to make will require a lot more than just a simple bucket of paint and a paintbrush. The costs incurred to make significant improvements in the esthetics, layout, or individual features of your home can really add up. By contrast, when you purchase a new home you will be able to make many of these choices before you ever get the keys to your new home in your hands.
Lower utility costs
Older homes have older appliances and older electrical systems. They can often be poorly insulated, leading to higher utility costs. Frequently, when someone buys an older resale home, the first thing they will be advised to do is purchase new windows and newer energy-efficient appliances to keep utility costs under control. New home builders are aware of what a concern high energy costs are to homeowners and they build their homes with careful attention to energy efficiency. The resulting decrease in utility prices can be quite considerable.
Fitted to modern lifestyles
The home features that many homeowners prefer, and often even require, have changed significantly in recent years. Advances in technology, shifting socio-economic factors, and increased urbanization all play a role in determining what kinds of homes modern families are seeking. New homes are built to be more adaptable and more in tune with what the current generation of homeowners need. This can be a powerful factor in determining what kind of home you purchase.
Be the first!
Last but not least, there is the simple, but not insignificant pleasure of being the first to “inaugurate” your new home. There is just something special about owning something as meaningful as your own home right from its very inception. A new home gives you and your family the opportunity to write your own history in every square inch – something that is truly priceless!
The Advantage Group is currently selling homes in a variety of communities in the Greater Sacramento Region. Check out our New Home Communities page for more information!