Friday, February 21, 2014

Why Buying A New Home Makes The Most Sense

By Dave Tarkanian


For someone in the market for a home, they can look at older homes in neighborhoods that have been around for decades, or they can chose from recent construction. There are advantages either way, but new homes offer a few advantages that older homes do not.

The housing market is already full of homes, and sharp people like to snatch them up when times are good with an eye to investing. They are sometimes able to get great deals on new homes due to foreclosure auctions and then either flip them or rent them out. This is a very effective way to enter the business of being a landlord. There are also tax incentives that come with buying.

New or recently constructed houses are no worse for wear, because there has not been any wear. Anything built in the past ten years does not need new wiring, pipe repairs, or an upgrade to a more efficient heating and cooling unit. Prices dip up and down because more people are selling than buying, or vice versa, at a given time. It is a great reason to acquire property when the market is good. Following will be a number of the pros to buying new.

They're Built to Be Efficient - Old houses can have a unique look and feel, but new construction houses use modern design choices that are proven to be more energy efficient than homes of previous generations. Due to better insulation, the homes retain more heat, and they often come stocked with Energy Star appliances that consume less energy. And despite being larger in size than old homes, with more open space, the efficiency makes them cheaper to maintain.

Suburban Bliss - New home communities are often designed to capture a slice of the classic suburban feel. Most of them come with amenities for children, such as play areas, sidewalks usable for pedestrians and bikers, and additional security, such as a community gate or locked mailboxes.

Modern Homes Are Fit for Modern Entertainment - Contractors in the 1960s had no concept of a surround sound entertainment system, nor understood that widescreen flat screens would one day become enormously popular. Modern homes have the foot space and the wiring to accommodate high-tech lifestyles. Again, new homes have larger rooms than old ones, and so there is so much more opportunity and flexibility when working with them.

The final reason to buy a new home is simply that the American consumer still likes new. Imagine a newly-wed family: The mother will want to cook on a new stove, and the father will want a spare den room all to himself. The American home is no longer a kitchen and two bedrooms: It has den rooms, entertainment rooms, exercise rooms, and everything for the modern imagination.




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