Things to Remember When Selecting a New Home
New homebuyers are often faced with the option to purchase a new home or such existing home. Before making a decision, there are various things that the homebuyer must consider. Here are the essential things that you should be aware of when owning a new home to going for an existing one.
The design and the layout is one thing that you should take into account. New homes tend to have such extras such as larger rooms, more bathrooms and bigger closets. There are various extra options too such as the kind of paint color, the type of the cabinets, the custom wiring for phones, appliances, computers, flooring and a lot more. The modern features such as the walk-in closets, the extra bathrooms and others are also available when building a new house. If you go for the existing homes, then you could have the design and the layout of the previous owner. Upgrades and also renovations would tend to be quite expensive too. Those who like the heritage homes such as the Victorian homes built with hardwood floors and high ceilings, then they may opt for the existing homes.
Even if the existing homes are a lot cheaper to buy, you should know that they require more maintenance and this can certainly increase the costs. The new home usually have durable materials such as pressure treated wood decks and aluminum siding that need little maintenance for many years. Those new homes are constructed from materials which only need little or no maintenance at all. The price for the existing home is often more negotiable.
Usually, the new homes have just little or no costs associated when it comes to roofing, plumbing, wiring as well as heating systems. The existing homes may need upgrades and repairs too.
Also, there are a lot of homebuilders that provide warranties ranging from eight to ten years. Such warranties will cover the issues that are associated with problems in construction. Also, the new appliances like the refrigerators and stoves will be under the manufacturer’s warranty. Existing homes don’t come with warranties.
The new homes have improved insulation, better windows as well as air filtration systems and there is more efficient heating as well as cooling system. You should know that those existing homes may not be that energy efficient. There is poor air circulation and such means that there will be more energy used.
The new home subdivisions are built or made to provide various community extras like parks, schools, swimming pools and playgrounds that are just nearby. However, you can’t get such kind of luxury from the existing homes.
Depending on the area, new homes can meet weather and geological standards for flash floods, tornadoes, hurricanes, earthquakes and a lot others. But, existing homes are not able to meet the present weather as well as geological standards.