It’s one of the top questions home buyers ask: “Should I buy a new construction home or an existing one?” The factor that scares potential buyers most when it comes to customized house plans and new construction is the price tag.
However, what isn’t often so readily apparent is the potential cost of purchasing an existing home. It’s much more complicated than simply the price listed in the “For Sale” ad. In fact, potential buyers should consider these top three benefits to buying new construction over a resale house:
1) No hidden problems: You do your best to find out as much information as you can when looking at purchasing an existing house. You visit, you ask questions and hire an inspector to evaluate the things you can’t see.
However, even a seasoned home inspector can’t see through walls and ceilings. He can speculate and provide educated guesses as to the state of a dwelling’s inner parts. He does this based on experience and through clues like water stains and other visible signs.
The bottom line, though, is that you can never really be sure whether a structure has hidden issues until problems occur. Unfortunately, these types of problems are the ones that are the most expensive to fix.
The older a residence, the more likely it is to have hidden problems. If they don’t already, they are guaranteed to develop at some point.
Are you planning to live in your new purchase for more than five to ten years? Then you need to assume that expensive repairs are going to need to be made and plan accordingly when you purchase an existing dwelling.
Today, the average cost of structural repairs to older homes range from $10,000 to $30,000. Some are much higher. When you factor this possibility into the cost of a mortgage, weigh it against spending more money on new construction.
You may discover that it’s worthwhile and more cost effective to know exactly what is in your walls and ceilings. You’ll delay the need for costly structural upgrades by decades or more when you purchase new construction.
2) Ability to take advantage of newer technology: It’s difficult to find a house older than ten years old outfitted with energy-efficient power and heating technology. Older places also lack many of the things that modern home owners often take for granted. This includes things like enough phone jacks to accommodate multiple computers.
Older homes can be retrofitted with these things, of course. However, it can be very costly; sometimes too costly to justify. This is particularly true of green technologies like photovoltaic solar and geothermal heat.
Such technologies were non-existent in dwellings built 20 years ago. Even those of a decade ago are not as efficient and cost effective as those of today’s new construction.
Purchasing new construction gives you more options when it comes to these modern technologies. If you’re creating customized house plans, you can include whatever you want.
If you’re buying new construction from a developer, you can still find places with the technology you want. These technologies are becoming more and more commonplace in new construction today.
3) Your house is YOURS: If you’re building from customized house plans, your living space is truly your own. You can design your home around your specific needs and desires.
The members of one family of four were each over six feet tall. The family’s chief cook had back problems and had a lifetime of troubles with standard-height counters and fixtures.
This family was able to create customized house plans that called for more ergonomic, higher-than-standard counters, sinks and bathroom fixtures. For the first time in their lives, they were able to cook and wash without constantly bending over.
This is one of the biggest advantages to building from scratch with customized house plans. Buyers are able to create exactly what they want and know that the residence is going to be tailored and functional.
4) Better value retention: Real estate value trends in most places in the US indicate that houses built after 2000 retain more of their value. The reasons are related to those already described.
New construction homes are built more soundly, contain higher quality materials, and are more technologically up-to-date. These are the things that buyers of tomorrow will be looking for in a resale home.
Demand for new construction houses continues to grow in San Diego, CA. Build with your customized house plans today! Shea Real Estate – 858-759-5237.
http://www.sre-newhomesforsale.com
http://shea-realestate.com
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