A new construction home is one that you can have many first moments in, and you can still give the property character and charm. You can eliminate or experience things a homeowner who purchases a re-sold property may not, which can be seen as benefits of a new construction home. If you have ever wondered about the pros and cons of a new construction home, we will share information on both ends of the spectrum to become a more educated buyer.
Is it better to buy new construction homes?
It is exhilarating to think about buying a home, and for some, that means looking closely at the benefits of new construction home. Deciding on the pros and cons for a new construction home for individual buyers will largely depend on your lifestyle, immediate needs, preferences, and knowing the builder will probably not be open to much negotiation on the price. The first suggestion is to list the pros and cons of a new construction home using this information as a guide.
What are the benefits of buying a new construction home?
If you enjoy or prefer customizing your home, this will be seen as one of the benefits of a new construction home. The buyer will more than likely pick out floors, cabinets, finishes, and fixtures for the home after completing the home buying process. Instead of making a purchase and still having to spend money on changes that you do not like, you can move in and enjoy the space. The builder will usually offer one-or two-year warranties on plumbing, electrical systems, craftsmanship, and materials when it comes to warranties. Structurally, there will usually be a ten-year warranty. Warranties are often seen as one of the bigger benefits of a new construction home, and it is pretty easy to understand why. Additionally, you will have the manufacturer’s warranty for the appliances and heating and air conditioning systems. Another part of the pros and cons of new construction homes to consider is the floor plans. The floor plans are modern and more open with flexible space rather than the traditional layout of older homes. You will find large windows and more storage typically. So, if you like open spaces and extra storage, these would be some of the benefits of a new construction home.
What are the disadvantages of buying a new construction home?
The timeline can possibly get tricky with a new construction home because most homes take around four to six months to build. If you decide to wait, landscaping may also be lackluster. These are other reasons to map out the pros and cons of a new construction home. If the basement is unfinished, landscaping is needed, a fence must be added then that can change what the buyer is spending by a lot more. Customizing the new construction home was mentioned, but you also want to consider that some upgrades will be based solely on the builder. If you love living close to the city or where you travel the most for work and leisure, new construction homes may be more of a distance than you are willing to travel. A longer commute or trip time for your common errands or plans may change too much for your liking. Then, of course, traffic in general always has to be considered. Maybe the trade-off for your dream home may include spending more time in the car, but then maybe not. Once again, be sure to make your list of pros and cons for new construction homes and go from there.