Are you in the market for a new house? If so, you basically have three options: You can build a house from scratch, you can purchase a new home or you can buy one that has had previous owners.
And while there are pros and cons that come with all of these choices, we wanted to take a moment to share with you some of the advantages and disadvantages that come with purchasing a new home construction below:
PRO: Everything is new. Definitely one of the best things about buying a new home is that everything from the roofing to the flooring is new. And when you’re living inside of a house where everything is in that kind of condition, you won’t have to worry about anything breaking down weeks or months after you move in.
CON: Things may not be of the best quality. On the other hand, just because something is new, that doesn’t automatically mean that it’s made out of the best quality. That’s why, before you sign on the dotted line, it’s important that you do some research on the builders so that you can know for sure that the house is well made.
PRO: You’ll probably have eco-friendly features. Something that a lot of new houses have are eco-friendly features like a tankless water heater, programmable thermostat and a low-flow showerhead and toilet in the bathroom. The great thing about “green features” is that they significantly reduce your monthly and annual energy costs.
CON: It will cause the house to cost a lot more. Although eco-friendly features can decrease how much money you spend on electricity and water bills, before you can move in, you will probably need to prepare to pay a bigger down payment simply because houses that come with a lot of modern amenities are usually more expensive.
PRO: You won’t to have to worry about making repairs. When you’re looking over a house that has had previous owners, a part of the reason why it’s recommended that you have your own home inspector look it over is because a house that has been around for some years has the potential to have areas that require repairing; especially when it comes to the roof, pluming and, if the house is over 40 years of age, the electricity too. However, with a new house, you don’t have to be concerned with budgeting for repairs. And if, for some reason, something is not working properly, the items will still be under warranty; this means fixing or replacing those things will be at no charge to you.
CON: The items in the home may not be just as you like it. Say that you live in Houston and you’re considering a new construction home in the CastleRock Communities. If you are choosing a new house over building one, you can to take the floor plan and amenities “as is” or pay for the modifications. And if you are on a budget, that can sometimes require you searching for a house for quite some time. For more information on what you should know before purchasing a new home, visit Homes.Yahoo.com and put “things buyers should know when purchasing a new home” in the search field.