Purchasing a home is typically among the largest investments of the average American. If you’re lucky enough to have the financial means necessary for purchasing and investing in your own home, chances are it will be the most substantial purchase, and of the most beneficial investments of your life. Therefore, it’s important to make sure that you’re making the best decision when it comes to choosing what type of home you want to live in, and how much money you’re willing to spend.
New homes for sale, including custom design homes, may feature some of the largest price tags upfront, scaring away potential home buyers. However, real estate for sale that has been built recently, having a new home built with new home builders, or investing in recently built custom design homes have many financial benefits that can quickly make up for the large costs you may face after closing. In addition, new and custom built homes often provide luxurious amenities that would otherwise be expensive to build into a home being currently built or an old, previously-owned home.
Some of the substantial savings you can expect to experience after purchasing a new or custom built home is involved with saving energy. In fact, recent research shows that newly built homes have shown to be 17% more energy efficient due to recent building codes put in place. Newly built homes will also typically come furnished with new appliances using energy efficient technology, which can also help you save hundreds of dollars each year in energy costs.
With buying new, you can also expect to save a lot of money on home maintenance and repair costs, too. Newly built homes obviously won’t need the necessary home repairs and maintenance that would be needed for a home that was built 20-50 years ago. In addition, custom built homes are likely to have less wear and tear compared to other, previously built homes because they were built to the home owners specifications.
When testing the housing market, it’s all about personal preference, and what your budget allows you to do. However, if you can afford it, it’s important to understand that many beneficial savings can be experienced with buying a new or custom design homes. Custom homes are built with a variety of upgrades and design/layout choices for the future home-owner to choose from, and while newly built, non-custom homes don’t offer these features, many of the beneficial savings can still be had. Just be sure that you have a newly built home inspected by a professional, before you decide to close. Learn more at this link.