New construction homes vs. Resale homes
The big day is finally here! You have worked hard, cutting back where you could, saving every penny because you are dedicated to buying a home. After searching online for the perfect house, and spending your free time wandering through open houses and model homes for New Construction that leave you feeling FOMO and frustrated at the same time, you are ready!
You may not know exactly what to expect, after hours and hours spent reading about real estate trends, testimonials and tips, its time to explore your options.
Before you decide how many bedrooms and bathrooms you will need or if a great room concept is better than separate living and dining rooms, think about whether a new construction home is what you are after. Thinking through all the differences will help you set realistic expectations, no matter which direction you go.
New construction homes and resale homes both have their advantages. However, new construction offers multiple benefits that make them attractive to people. From modern amenities to peace of mind, here are some compelling reasons why a new home can be the preferred choice for first time buyers and repeat owners. Learn today the difference between new construction homes vs resale homes!
Own the home you have always wanted from day 1!
One of the most significant advantages of buying new construction is in the personalization that it provides. Buying a resale home can force you to compromise on color palettes, appliances, floorplan, or location, just to make the deal work. Whereas purchasing a newly constructed home allows you to personalize the design to your preferences.
From selecting the floor plan to choosing fixtures and finishes, you have the freedom to create a living space that truly reflects your style. By taking some extra time to think through how a new home can better meet your needs and evolving lifestyle, its easier to pinpoint what defines your ideal home. For working remote, a home office is essential, Hamlet Homes offers several options where buyers can maximize their square footage by using multi function space solutions.
Energy efficient homes reduce costs and carbon footprints
Sustainability is on the minds of many people. Buyers can make a positive impact on the planet by purchasing a cleaner and more energy efficient home. Smart programmable thermostats, LED lighting, additional insulation and fresh new appliances make daily life more ecofriendly and efficient. Sensors can send alerts, notifying of system outages and temperature changes.
By downloading an app, you can turn off lights, lower window blinds to use less energy and save on utility bills. With remote access to security systems, homeowners can ensure doors are locked and garage door is closed without having to return home.
Additionally, new homes are often built with superior insulation and construction techniques for better temperature regulation and indoor air quality. New energy efficient homes typically exceed the minimum insulation requirements set by local state building codes. New construction homes are often built with a whole house strategy that improves the interior design, major systems, appliances, and their interconnectivity. Something important to consider when comparing new construction homes vs resale homes.
Builders and manufacturers warranties provide peace of mind
The last thing you want to do is buy a home that needs work. You may have family and friends that purchased a resale home that wound up being a money pit, and it took their entire savings to fix it.
Although purchasing a resale home usually allows buyers to hire third party inspectors that check on the overall condition of the property, defects can be missed. Inspection findings can also identify the age of equipment. Although they may be fine and in working order at the time, you know the day for replacement will be sooner rather than later, and expensive.
The beauty of owning a newly built home is that it comes with a warranty. Builders like Hamlet Homes provide warranties covering structural components, appliances, and systems, as well as manufacturer warranties that can run even longer, giving homeowners peace of mind and protection against unexpected expenses. This warranty coverage can save first time home buyers time and money, essential during the early years of homeownership.
New construction homes minimize the need for repairs
After you have purchased a newly built home, after the builder and manufacturer warranties expire, the benefits of owning a newer home remain. Five years after you first buy a new home, everything in it is still newer than most other resale homes on the market. With yearly maintenance checks, HVAC systems, roofing, plumbing and electrical parts can last beyond their lifespan, lessening the need for costly repairs or worse, replacement.
Modern construction materials, techniques and building codes are designed for durability, reducing the need for frequent upkeep. Living in a newly built house gives you more time to enjoy the things you love without the constant worries about the hassle and expense of breakdown and repairs.
Steer clear of the “Right neighborhood, wrong house” mindset when comparing new construction homes vs resale homes.
A home search will take you through new houses and existing. As you go through them, there is a lot to take in. Many buyers will have their hearts set on a particular neighborhood. From then on, its just a matter of time before something pops up. That will not necessarily mean that it is the right home.
How hard can it be to knock down that wall to create that “open concept” floorplan, or tear out bathroom tile and replace it with the latest and greatest mini hexagon shaped glass tile?
Moving can be rough! A move that involves a renovation project? Yikes! Many people find out real quick that you can go down a rabbit hole real quick!
Neighborhoods designed for active lifestyles and socializing
New construction homes are often part of planned communities, meant to support a larger commercial plan revitalizing an existing town or city, or adding luster to a new development. Amenities can include parks, playgrounds, dog parks, recreational facilities, close proximity to trails, pickleball courts and basketball courts. Some larger neighborhoods may even have a pool and a clubhouse with lounge chairs situated for socializing with your neighbors.
Common areas in the community are usually meticulously maintained and cared for to promote a high quality of life. New developments may also be surrounded by new roads, schools and shopping areas.
Many builders like Hamlet Homes offer financing options that are not typically available when buying a resale home. New developments can partner with mortgage companies or the builder may have their own in house lender.
If you’re a first time buyer, there may be special programs available like low money down, grants or special financing that lowers the mortgage interest rate. Many people prefer to put less money down to allow them some extra cash for furniture or other things that may pop up when you are buying a new home.
Special builder incentives can also help with upgrades
New home communities thrive when they sell out of one phase and begin to promote the next. To help increase sales, new home builders can provide homebuyer incentives, like seller paid closing costs, appliance upgrades, flooring or other features on your checklist.
Move into a modern lifestyle with a Brand New Hamlet Home
The decision to buy a home shouldn’t be taken lightly. The time and energy you already spent searching neighborhoods, schools, shopping centers, and community amenities will help remove any doubts once you choose “the one”.
Now that you know what to weigh when considering whether to buy a resale or a newly built one, you can move forward from a place of knowledge, and that knowledge is very empowering.
A new home truly gives buyers a fresh start and minimizes the risks of unexpected hiccups that can cause delays to move-in plans. From personalization options, and energy efficiency solutions to warranty protection and community amenities, new homes have a lot of leverage in the homebuying experience. Ready-equipped with the modern amenities you want and features that add to the comfort and convenience of your lifestyle, a new Hamlet Home could be one of the best decisions you will ever make.
Upgrade your life with an upgraded home that complements your good taste with quality through and through. The benefits of a new Hamlet Home extend beyond your new address. They live in the neighborhoods and the people you will meet. To get started, come visit one of our beautiful model homes or visit our website at www.hamlethomes.com.