Are New Construction Homes a Good Investment?
Buying a new or first home is a major investment. And just like any investment, homeownership comes with an array of benefits—and challenges. For years, most home buyers opted for pre-owned houses. Yet, in recent years, many potential homeowners are recognizing the value and benefits of purchasing a newly built home. Here are some of the top benefits of buying a new construction home
New Construction Homes Are Move-In Ready
When you’re searching for a new or first home, you’ll see a lot of houses from various eras.
Some of these houses may be a bit older. Others may be more contemporary. While all of the homes you see will vary in floor plans and features, there is one thing they all have in common: They have issues that need to be resolved before you move in.
From major repairs like new roofing systems to replacing HVAC systems, older, pre-owned homes often require some extra work.
Addressing these issues prolongs the settlement and move-in dates. And if you’ve already sold your current home, it means trying to find temporary lodging until you can move.
Purchasing a newly constructed home solves these problems. Instead of being inconvenienced by repairs and replacement schedules, you can move in without delay.
Everything in your home is brand new. From the shingles on the roof and the floor in the basement to the HVAC system to the electrical wiring, so there are no repairs that need to be done.
Plus, many new construction homes come with new kitchen and home appliances already installed. This is especially helpful if you’re a first-time home buyer who doesn’t have a refrigerator, oven, or washer and dryer.
All you have to do is pack up your belongings, pick up the key, and move into your new home!
New Construction Homes Require Less Maintenance
As we mentioned above, pre-owned homes often need repairs made before a new owner can move in. Yet, even after those repairs are completed, the new owner may face additional challenges further down the road.
Issues with pre-owned homes can crop up any time. Twenty-year-old furnaces break down in the middle of winter. Sump pumps may stop working the day that flash flood warnings are issued. Pipes leak and electrical outlets stop working. Maintaining an older home can become quite expensive.
However, you can avoid these maintenance issues by purchasing a newly constructed home.
Instead of worrying about what will go wrong next, you’ll live worry-free for the first several years. You’ll enjoy greater peace of mind knowing that your home has new plumbing, wiring, and heating/air systems. Plus, unlike a lot of older homes, all construction was performed according to the latest codes and regulations.
New Construction Homes Are More Energy Efficient
Another downside to pre-owned homes is their lack of energy efficiency.
Homes built in the mid-20th century are often drafty due to a lack of insulation and outdated construction materials. Even homes from the 1990s and early 2000s that were built using more contemporary materials often require costly upgrades to be more efficient.
Not only are new construction homes built using the most advanced materials and technologies, they’re also designed to reduce energy bills.
From Energy-Star-rated appliances to increased insulation, move-in ready new homes curb expenses, help your HVAC system operate more effectively and efficiently and keep you cool in the summer and warm in the winter.
New Construction Homes Are Designed for Modern Life
When homes were designed in the mid- to late-twentieth century, they had no idea that future households would be more dependent on technology.
At that time, designers had no idea TVs would be the size of small movie screens or that many folks would work from home. As many older homes have floor plans that don’t quite match current trends, they’ll require renovations to make them more accommodating to the owner’s needs.
With a new construction home, you have the benefit of knowing that the floor plans reflect your modern needs, wants, and tastes.
Apart from offering more floor space, the layouts also feature high ceilings, more natural light, and additional benefits like multiple bathrooms, additional storage space, and modern kitchens with lots of cabinets and room for prepping.
The end result is a roomier home with a brighter, more aesthetically pleasing atmosphere.
New Construction Homes Offer an Optimal Warranty
Emergencies can happen—even with new homes. Extreme winds can tear shingles from roofs. A faulty part can cause an air conditioner to blow warm air. A power surge can damage an appliance.
When these unexpected problems occur, you can breathe easier knowing that your newly constructed home is covered by an extensive warranty. Unlike pre-owned homes, you are not responsible for the costs of any issues that occur during the warranty period.
Is a New Construction Home Right for You?
As you can see, there are many immediate benefits of purchasing a new construction home. Not only are they move-in ready, they require little maintenance, reduce utility costs, provide more accommodating floor plans, and come with a warranty that covers unexpected issues.
Best of all, newly constructed homes retain their resale value. If you decide to sell your home in a few years, you’re more likely to receive a more favorable offer than you would with a much older home.
If you’re interested in investing in a custom-built home in the Philadelphia area, contact the experts at Judd Builders today!