Overwhelmed by the Complexity of Properties? This May Help

What are the Benefits of Buying a New House? Mortgage house hunters are faced with the choice of either buying a previously-owned home if not a foreclosed one, or buying a brand new home which are mostly costlier when one brings it down to per square foot. These two sets have various selling pointsthat we can glean at, in hope to win you over into settling for a brand new one if the priority is to actually have a place where you want to comfortably settle down for good. There are two selling points if you opt to buy a previously owner home. And the first being, that it is cheaper and therefore your monthly amortization is lower. There are, however, other expenditures that you have to think about in a pre-owned home like repairs or replacements in the future. The other selling point however, is when one puts a zero value on the house itself and exploits the value of the property, which is a good real estate investment in the long haul. But if your intention is to really settle down for good, choosing a brand new house has numerous selling points that are often overlooked because what stands out more is the high cost of downpayment if any and a higher monthly amortization cost.
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The first selling point in buying a new house is that you can have an input when it comes to its design, layout, choice of color, type of flooring, etc. Buyers are often allowed by home builders to participate in the house design. This cannot be so in a used house because the process will involve demolishing the existing one then constructing a new arrangement which is limited to the structural patterns of the old house.
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Today, building codes required energy efficient standards. A regulatory code which must be adhered to because of today’s higher energy risk. So now newly constructed homes have to use energy efficient insulations, doors and windows like the ones with double, triple or quadruple panes which were unheard of before since energy was cheap and abundant and could provide homes with warmth during winters and cool air during summer. We also have newer HVAC designs, all playing together to reduce utility bills down. This also means that new homes have to install high efficiency stoves, refrigerators, washing machines, water heaters compare to homes that were built years ago. When the house is new, expect to have fewer and minor repairs since everything is practically new and even have warranties so no need to shell out anything until the next year or two. Another thing that I want to mention, is that new home buyers may be able to take advantage of mortgage financing perks that builders give in their effort to sell as many units as they can.