The Pros and Cons of Buying a brand New Home

The Pros and Cons of Buying a brand New Home
If you are in the market to purchase a home you have probably realized there are many decisions to make. One of the most important of which is whether to buy a new home or one that has been pre-owned. While the answer may seem obvious at first – especially if you have the means to buy a new home – the decision can be a rather difficult one to make. Here are a few of the pros and cons of buying a new home.
Advantages of Buying a New Home
• Everything is new: This means that you will probably spend very little time having things repaired or replaced throughout the house. This is particularly important when it comes to flooring and roofing as both can be quite expensive to have repaired or replaced.
• Your home is protected by a warranty: For new homes the warranties usually begin from the closing date of the home. This means items like appliances will have at least a 1 year builder’s warranty on them. This is can be one aspect of purchasing a new home that appeals to homebuyers the most.
• New homes often come with more safety features: It is relatively rare for older homes to come with built in safety features such as smoke and carbon monoxide detectors. One the other hand, this is quite common in newer homes. Of course, this means that you will have greater peace of mind that your family is well protected.
• New homes are usually more energy efficient than older homes: On average, new homes can provide up to 20% more insulation than older homes. Newer homes generally have better insulation and air sealing, heating and cooling, and energy efficient appliances. These can all add up to great savings on your utility bills.
Of course, buying a new home is not a panacea. They come with some drawbacks especially for those who assume that such houses will always be “perfect.” The drawbacks to purchasing a newer home are:
• New homes are costly: On average new homes can be up to 20% more expensive than older homes.
• You may have to deal with ongoing construction around your property: Often, newly built homes are situated in developing communities. This means that there may be construction occurring around your property for some time.
• Problematic location: Newly constructed homes are often located on open land meaning that they may be far from city centers. This means that you may have to travel some distance to reach restaurants, bars, clubs, etc. However, this is not always the case.
In the end, the best way to figure out whether or not a new home is the right choice for you is to gather all the facts, do your research, and think clearly about what you want in a home. My Ventura County real estate team can help you decide what is best for you in the near and long term. We have Ventura County homes for sale that suit a variety of needs and would be more than happy to help you in the New Year to accomplish your real estate dreams.