9 Reasons To Choose A New Home Over A Resale By US News World Report
9 Reasons To Choose A New Home Over A Resale By US News World Report
Check out this great article the sums up why buying a new home is such a great option! New home construction is booming all over Douglas County, especially in Castle Rock and Parker. Give me a call to set up your personalized new home tour. -- Melanie
9 reasons to choose a new home over a resale
Newly built properties can offer fewer hassles, greater efficiency and more customization.
the mortgage crisis continues to inundate the market with distressed
properties, house hunters have no shortage of cheap, foreclosed homes to
pick through. But despite all those deals in the market for previously
owned homes, consumers shouldn’t overlook the potential benefits of
buying a new home.“New homes usually sell higher per square foot
then resale homes,” says Jack McCabe of McCabe Research & Consulting
in Deerfield Beach, Fla. “But their selling points, I think, are pretty
strong.”To help consumers understand the advantages of buying a
new home, U.S. News spoke with a handful of experts and compiled a list
of nine reasons to choose a new home over a resale.
Many homebuilders allow buyers to help design the property, which helps
create a living space tailored to the consumer’s tastes. New-home
buyers, for example, can often decide where their bathroom might go,
choose their favorite flooring or pick the exterior paint color. Buyers
moving into a subdivision can sometimes pick the lot they like best. “There
is a lot of flexibility for [new-home buyers] to kind of put their
personal signature on the product,” says Patrick Costello, president of
Forty West Builders, based in Ellicott City, Md. “Those kind of things
you can’t do with a used house — it’s just not possible.”
2. Building envelope:
Building codes have mandated higher energy-efficiency standards since
they began to address the issue in the late 1970s, says Kevin Morrow,
senior program manager for the National Association of Home Builders’
green-building programs. The most recent International Energy Conservation Code came out in 2009 and required about 17% more efficiency than three years earlier, he says.“So
using that as sort of a gauge to how newer homes should perform from an
efficiency standpoint compared to older homes, it’s pretty clear that
just as homes meet code, they are going to be more efficient,” Morrow
says. Newly constructed homes use energy more efficiently in two ways, Morrow says. First, they tend to have a tighter-sealed building envelope,
or the enclosed part of a structure, that helps prevent conditioned air
— cool air in the summer, warm air in the winter — from escaping.
Features that create this envelope include higher-efficiency insulation,
doors and windows.“Gone are the days of the single-pane window,”
Morrow says. “Now, I think you are starting to see triple- and
quadruple-paned windows. These are windows that are designed to really
minimize the transfer of heat either from warm to cold or vice versa,
and they of course will help the building envelope.”
3. Green appliances:
The more energy-efficient mechanics of the house also help reduce
utility bills for new-home buyers, Morrow says. New homes often include
green systems and appliances — such as high-efficiency stoves,
refrigerators, washing machines, water heaters, furnaces or air
conditioning units — that homes built years ago might not.“The
conditioning equipment is usually considered to be one of the larger
energy-consumption devices, but certainly, those kitchen appliances
matter,” Morrow says. Owners of existing homes can always retrofit their property or buy higher-efficiency appliances, but doing so can be expensive.
4. Fewer repairs:
The features of new homes should also hold up better than those of
existing homes, which may have experienced years of wear and tear, says
Evan Gilligan of Mandrin Homes, which has offices in Maryland and
will buy [previously owned] houses, and then the carpet needs to be
replaced or it needs to be repainted or it needs new appliances or the
flooring is shot,” Gilligan says. “When they buy a new home in today’s
market, it really is new.”
5. Less maintenance: At the same time, today’s new
homes are engineered specifically to minimize maintenance requirements.
For example, Costello says his company uses composite products for a
home’s exterior trim instead of wood, which could rot or need
repainting.“You buy a used house, you don’t know what you are
getting; you might have to do a lot of maintenance,” Costello says. “We
are trying to look down the road and make things as easy as possible for
[homeowners] so they can enjoy living there and not have to be saddled
6. Warranty: In addition, builders often agree to take care of the necessary repair work in a new home for at least the first year. “A
new home is generally fully warrantied by the builder for a minimum of a
year, and most of all the other components are warrantied for extended
periods,” McCabe says.So if your roof starts leaking or the
heater breaks during the warranty period, your builder will pick up the
tab for the repairs.“When you buy a resale home, even if you have
a home inspection done, it still does not turn up hidden defects that
you don’t find out about a lot of times for two years,” McCabe says.
7. Fire safety: New homes often include fire-safety features that may not be in properties built years ago, Gilligan says.“We use fire retardant in our carpeting and in our insulation,” he says. In addition, all new homes are required to include hard-wired smoke detectors.
These devices can provide better protection than battery-operated smoke
detectors, which can fail if their battery runs out, Morrow says.“Hard-wired
[smoke detectors] run on the electricity of the house and then have a
battery backup for if the house power goes out,” he says.
Especially in today’s sluggish housing market, buyers could squeeze
more concessions out of a homebuilding company than an individual
seller. That’s because individual sellers often have an emotional
attachment to their property that can blind them to its true value.“People usually think that their home is worth more money than it is,” McCabe says. At the same time, builders often have greater financial wherewithal to absorb a loss on a sale than individuals.“I’ll
put it to you this way: A $30,000 hit [spread] over 30 lots hurts a lot
less than a $30,000 hit on one existing house,” says Christopher
Rachuba of Rachuba Home Builders, based in Eldersburg, Md. “So I think
[buyers] may get more bargaining [power] that way.”
9. Financing: New-home buyers can take advantage of mortgage-financing perks available through their builder.“New-home
builders — in many cases, the larger ones — have their own mortgage
companies, or they will offer paying points or closing costs and buy
down certain rates for you,” McCabe says. “The seller of a resale home
is generally not going to do that for the buyer.”
Author:TJ ORourke Phone: 303-810-8775 Dated: September 1st 2014 Views: 1,088 About TJ: ...
View our latest blog posts in your RSS reader. Click here to access.
Ion Real Estate is a hand-picked team of highly respectable experienced Realtors coming together to work with you. Please contact us anytime with any questions. We look forward to serving your Colorado real estate needs. Our experience and dedicated professionalism ensures our clients have exceptional representation every step of the way. At a time where bigger isn't always better, Ion Real Estate has chosen to remain a smaller, highly focused team in order to provide a level of personal service, attention and consideration to our clients that you simply won't find elsewhere. Our decades of experience in the unique world of Denver real estate positions us advantageously to handle all of your real estate needs
Real Estate Investors will Benefit from New Tax LawThe Tax Cuts and Jo
"When I decided to sell my home and look for a new place, my first call was to Jim and Ion Real Estate. He listed my condo and in two short weeks my place was under contract. Now, the real fun began, looking for a new place! The Ion Real Estate website was great. I loved the map function and the emails it sent with new listings that matched my previous searches. On Saturday, Jim and I headed out to look at several places I had picked to see. At the time I didn’t really notice how he listened carefully to everything I said about each place from the lighting to the layout. I was even a little sad that I didn’t find anything that day but Jim reassured me not to worry and a week later he had set up some more appointments. I still remember walking into my new place and just knowing. I had only taken two steps into it and I knew I wanted it.
Next came the easy part for me, but this is where having the right realtor and mortgage broker is essential. They make it seem easy! Jim guided me through all the aspects of my sale and purchase. I appreciated how simple each step seemed from making an offer to dealing with inspections. Even the loan seemed easy. I asked a ton of questions, I think it’s the teacher in me. I wanted to understand all the moving parts. Jim explained everything so clearly that I joked that he missed his calling and should have been a teacher, but he didn’t, I’m glad he is helping people find their homes!
Recently one of my close friends mentioned she wanted to stop renting and buy. I immediately referred her to Ion Real Estate. This time I was able to watch with an outsider perspective at the way Jim cued in on my friend’s preferences. Stephanie kept talking about the charm of old houses, a far cry from the sleek modern condo I chose. By the second house-hunting excursion, Jim knew just which home she would pick. As we walked up to the front porch, I saw Stephanie with the same excitement I had felt just a few months earlier. I watched her mentally move in her furniture and this time I saw the smile that crossed over Jim’s face when he knew Stephanie had found her home.
Throughout both experiences, it was clear Jim understands what people want in their homes and how to structure the entire buying experience to be a positive one. I have heard so many crazy stories from people that didn’t chose the right realtor or mortgage broker. They always start by saying, “I didn’t think a realtor made any difference.” It makes a difference! It made a difference for me and for Stephanie. Owning is better than renting; and, it is even better when Jim and Ion Real Estate are guiding you through the process!