The biggest advantages of buying new construction are:
You get to choose every detail of your house. This means that you can select the style, floor plan, appliances and fixtures, colors and finishes — everything. If you don’t like something about the house once it’s built, it’s easy to change after closing because nothing is nailed down yet!
There are no existing problems with the home’s structure or foundation. The builder will perform an inspection at the time of closing to ensure that everything is up to code. If there are any issues with these things (or any other items), they will be replaced or repaired before closing on your new home.
You have more control over what features go into your house than when buying an existing home. For example, if you want granite countertops instead of stainless steel ones or prefer hardwood floors over carpeting, this is possible when building from scratch!
Buying a new construction home can be a great investment. But, there are many things to consider before buying a new home. If you are considering purchasing a new home, here are some things you should know before making an offer:
New Construction Homes: What You Need to Know
The value of your new home may depreciate more than the value of an older home. New homes depreciate faster than existing homes because they have fewer years to appreciate in value. However, if you’re looking for a move-in ready home that is less expensive than an existing one, this could be an advantage.
The builder may not be able to provide repairs or warranty work on the building materials and appliances.
When you buy from a builder, you aren’t buying the house directly from the previous owner but from a third party who has contracted with the builder to build the home on his property (or sometimes even at another location) and then sell it to you — usually at a significant markup over its actual cost.
Once ownership has passed from the builder’s hands into yours, most builders cannot be held accountable for repairing any defects in their workmanship or materials — even if these defects were present when you purchased it!
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