If you're beginning to look at houses for sale, you might be torn between buying new and buying a home that has already been lived-in. New construction generally costs more, which turns off some buyers. However, new homes are almost always worth that extra few thousand dollars you pay. Here are four reasons why.
The building is probably more energy efficient.
With each passing year, builders are paying more and more attention to the energy efficiency of their buildings. New materials come out making efficiency easier to achieve, and new building techniques are explored, too. The homes built this year are more efficient than those built even five years ago. You might pay a bit more for a brand new home, but you will save on energy bills in the long run -- and you'll have the confidence that you're doing the right thing for the environment.
You won't have to replace anything.
It's amazing how quickly expenses like a new furnace, new water heater, and new windows add up. And these items usually start to wear out once they're about 10 years old, meaning that even a "newer" used home that you buy will probably need some replacements pretty soon. When you buy a new home, everything is brand new -- so you should not have to replace anything for at least 10 years. This may compensate for the increased cost of buying new, and it will certainly save you time since you won't have to shop around for furnaces, air conditioners, and similar items.
It's easy to get a home warranty.
You can purchase home warranties for previously lived-in homes, but the process gets a bit complicated and it can be hard to determine whether or not certain items are covered. The home warranty process is much easier with a new home. The warranty company will be happier to cover items because they are all brand new and carefully chosen to work together. If anything does break during the first few years you live in the home, the warranty should cover it.
Newer buildings are safer.
Fire safety is another aspect of building that is consistently being improved. You really can't put a price on keeping your family safe, and a brand new home is likely to be safer than an older structure. This is especially true if the builders included a sprinkler system, hard-wire smoke detectors, and other advanced options.