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5 Reasons to Buy a Newly Built Home

1. Customization

Homeowners can often take part in the design of their living space, which can help create a living space specifically tailored to their taste. The New home buyers for example can decide the location of their bathroom. They can choose their favorite type of flooring or pick the color of the exterior paint. The homeowners who are moving into a subdivision can sometimes even pick the lot they like best.

2. Building envelope

Building codes have mandated increasingly higher energy efficiency standards since they first addressed the issue in the late 1970s. The most recent International Energy Conservation Code came out in 2009 [and] required roughly 17 percent more efficiency than the codes of three years prior. So using that as sort of a gauge of how newer homes should perform from an efficiency standpoint compared to older homes, it’s pretty clear that just as homes meet code, they will be more efficient.

3. Fewer repairs

The features of newly constructed homes will also hold up better than those of previously-owned homes, so people can expect to experience years of wear and tear. However, new homes are engineered specifically to minimize maintenance requirements. People will buy these houses and then the carpeting will need replacement, the paint needs to be repainted, the appliances need to be replaced, or the flooring is shot. Even still, today’s new homes will hold up better than those of the past.

4. Concessions

home buyers may get more concessions from a home building company than from an individual seller. That’s because an individual seller often has an emotional attachment to their property that blinds them to its true value. Homebuilders often have the greater financial wherewithal to absorb a loss on a sale than individuals.

5. Financing

The time when people purchase homes is often very exciting and special. New home buyers may be able to take advantage of a mortgage financing perk made available through the home-building company. “New home builders, in many cases the larger ones, have their own mortgage companies or they will offer paying points or closing costs and buy down certain rates for you.

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