5 Advantages of Buying a New Construction Home
So you’re looking into buying a new home and wondering what the differences are between buying a new house vs buying existing home. Buying a new home, in general, is never easy--you are trying to find the perfect location, the right size house, and you are trying to figure out what is an absolute must have and what you can do without, all while negotiating prices.
To ease your thoughts and help make your property search a little easier, we have made a list of some pros and cons of buying a new construction house. This is important to take a look at if you are interested in buying a new construction home in Wilmington, NC or the surrounding areas.
1. New, new, new!
I mean…do we really have to say it? We do? Okay. Well, the first advantage to buying a new construction home is that it is brand spankin’ new. You get to love it first, spend time in it first, make the first memories in it—it’s brand new and it’s all yours! Buying a new construction home means no repairs from other lazy homeowners and no remodeling to correct someone else’s design choices. It's yours and you get to make it your own, from the beginning.
2. Customization
Speaking of making it your own--buying a new construction home means gaining some wiggle room for customization depending on how early you buy the property under construction. Have a specific paint color that you want to use for your kitchen? New construction houses offer the potential to some of your own personal touches from the start. The earlier you buy a new construction home, the more possibility you have for control of the finishes of the kitchen, baths, carpet versus hardwood, etc. Keep in mind, however—the more customization equals more potential for an increase in sale price.
3. Less maintenance
Whereas buying a resale property comes with its own advantages, many of the times, there may be some maintenance that you would need to tend to yourself. New homes come with brand new appliances, plumbing, heating, and air, which means you should be good to go for at least a few years! This is not just a benefit for time purposes but is also a financial benefit.
4. Save energy
Whereas older homes may not lend to a more energy efficient household, newer homes are usually more energy-efficient. I scream, you scream, we all scream for the chance to have a lower utility bill!
5. There's a builder's warranty
Many new construction homes are covered with a builder’s warranty; if the builder does not personally offer a warranty, they may hire an independent company to take care of those kinds of tasks. With that, however, you should definitely be asking what is and what isn’t covered.
However, with the advantages come the disadvantages.
1. For instance, you may not have much time to wait for a new construction home to finish. The average time to build a house in the U.S. is six months, which is quite a wait for the homebuyer that’s ready to take the dive into owning a home immediately. So if you don't have much time to spare, it might not be the most sound idea.
2. New landscaping that will take a few years to develop. You don’t get that mature landscaping that comes with an established neighborhood.
3. If you’re a person who cares about the “character” of a home, new construction is not for you! And that’s okay. Older built homes, while they have their own disadvantages, tend to have those interesting features that make it stand out from the crowd of other homes! They’re the homes that are more creative—with a design that you only will be able to have.
Now that you are aware of the advantages and the disadvantages, maybe you have some questions about new construction or you are wondering what kind of questions you should be asking. To read our blog on questions you should ask before buying a new construction home, click here.
We Can Help!
Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has expert knowledge of listings and selling a property. The Regina Drury Real Estate Group has that and more. We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression. Contact us today to talk more about your Wilmington, NC Real Estate needs.
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