Four Things That Make New Construction Homes a Good Value
On the fence about the benefits of buying new construction versus a resale home? According to the National Association of Realtors’ 2020 Home Buyer and Seller Generational Trends Report, about 13 percent of buyers chose to build a new home in 2020, while 87% bought an existing home.
Many people rule out the option of buying a new home because they believe it is far more expensive than purchasing a pre-owned home. However, Builder magazine says that new homes generally cost about 15 percent more than their resale counterparts. To illustrate: the National Association of Realtors reported that the national median sales price for an existing home in July 2021 was $359,900, while the Census Bureau reported that a new home cost $390,500 in the same month.
If the extra cost is within your budget, what factors make a new home worth the money?
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Buy a resale home, and you may have to contend with repairs, updating of old styles and replacing missing appliances. Buy a new home, and you’ll love coming home to new fixtures, an efficient heating and cooling system and state-of-the-art appliances.
2. Energy Efficient
Energy efficiency standards for new construction are much higher than in days past. Cutting-edge building practices and materials include better insulation of ceilings and walls, high-performance windows, high-efficiency HVAC units, and low-VOC paint. These advances contribute to a healthier, more comfortable home environment and lower energy bills.
3. Low Maintenance
Buying an older home may mean buying someone else’s headaches. Old appliances, plumbing, roofing, foundations and heating and air systems can cost a bundle to repair or replace, while disrupting your enjoyment of your new abode.
New construction homes are not only, well, new, but they are also engineered to require less maintenance. You will have years of worry-free living with fewer unexpected expenses.
4. Smart Tech
Everybody knows smart technology is highly desired. Buy a new home, and it is likely to have fully integrated technology that controls appliances, locks, thermostats and more features that you can operate via your smart phone or other device. These options are not just convenient, they also enhance your home’s safety and energy efficiency.
New homes also offer benefits like modern floorpans, more storage and flexible living spaces that can better accommodate working from home and shared living arrangements. Further, many new home communities provide residents with resort-style amenities, like parks, pools, fitness centers, clubhouses and social activities that make living in the neighborhood a truly extraordinary experience.
At 20/20 Plumbing and Heating, Inc., we excel in single and multifamily construction. We are proud to partner with the most notable homebuilders in California and Nevada to provide our neighbors with comfortable, state-of-the-art, energy-efficient homes. Our skilled tradespeople use technology and innovation to deliver consistently beautiful results. Whether your home is new or just new to you, 20/20 Plumbing & Heating can help with all of your plumbing and HVAC needs: (844) 676-2020 or https://www.2020ph.com/contact/.