Things to Remember When Selecting a New Home
New homebuyers are often faced with the option to purchase a new home or such existing home. There are various factors that a potential homebuyer should consider before one makes a decision. Here are the essential things that you should be aware of when owning a new home to going for an existing one.
You have to consider the design and the layout. The new homes would tend to have such extras like bigger closets, larger rooms and bathrooms. There are often additional options like type of cabinets, paint color, the custom wiring for the appliances, phones, computers, the flooring and several others. Modern features like walk-in closets, extra bathrooms and several others are available when you build a new house. With those existing homes, you would have the previous owner’s design as well as layout. You should also know that the renovations and the upgrades could be really costly too. For those who enjoy such heritage homes like the Victorian homes with the hardwood floors and also high ceilings, then they can go for the existing homes.
Though the existing homes can be more affordable to buy, they often require more maintenance that can increase the costs. The new homes usually come with durable materials such as the aluminum siding and the pressure treated wood decks which require little or no maintenance for many years. Those new homes are constructed from materials which only need little or no maintenance at all. The purchase price for such existing home is usually more negotiable.
Usually, the new homes have just little or no costs associated when it comes to roofing, plumbing, wiring as well as heating systems. The existing homes may need upgrades and repairs too.
Also, there are a lot of homebuilders that provide warranties ranging from eight to ten years. The warranties may cover the problems that are related to construction. Moreover, those new appliances such as the stoves and refrigerators can be under the warranty of the manufacturer. But, the existing homes don’t have such warranties.
The new homes also have better air filtration systems, better windows, improved insulation and also a more efficient heating and cooling system. The existing homes aren’t very energy-efficient. There is poor air circulation and such means that there will be more energy used.
There are also different extras that you will be able to find in new home subdivisions like schools, swimming pools, playgrounds and parks. However, you can’t get such kind of luxury from the existing homes.
Depending on the area, new homes can meet weather and geological standards for flash floods, tornadoes, hurricanes, earthquakes and a lot others. However, the existing homes don’t meet the present weather and geological standards.