Benefits of Buying New Construction Homes
There are many benefits to buying new construction homes, especially in today’s market when we’re at record low inventory levels. Let’s take a look into a few of the benefits:
1. Quick Move-In Homes Are Available
Many builders have what we call QMI (Quick Move-In) homes, so there isn’t a need to build from the ground up if you’re on a time crunch. I work with builders who send me their lists of upcoming new construction home availability and then I work with you to see if any of those upcoming homes work for you
2. Avoid Bidding Wars
New construction homes are bought on a first come, first serve basis. This means you can avoid getting into bidding wars on a new construction home because the price is the price.
3. Warranties
Most builders offer 1,2, and 10 year warranties on their homes. 1-year craftsmanship warranties, 2-year mechanical warranties, and 10-year structural warranties.
4. Financing Incentives
Most builders offer financing incentives if you finance through their preferred lender like closing cost coverage and low interest rate offers
5. Low Property Taxes the First Year of Living There
The first year of your property taxes is paid on undeveloped land, so your taxes the first year of living there is next to nothing
6. Brand New “Big Ticket” Items
Brand new big ticket items including: the mechanicals: HVAC (furnace and AC), water tank, roof, windows, appliances…. Need I say more 😆
7. Built to Modern Day Living
New construction homes are built with today’s modern living, meaning open concept kitchens, vaulted ceilings, some offer floor plans 2nd story laundry rooms etc.
8. The Latest Technology
New homes are built with the latest technology so many new construction homes will have smart home features. If your basement ever tests positive for radon, most builders already have a radon mitigation system built in the house. The basements also almost always include an egress in the event you ever wanted to create a bedroom in the basement. (An egress a longer window that has an escape ladder in the event a fire happens).
9. No Renovations Needed!
They are 100% turnkey homes, so no updates will need to be renovated upon move in.
