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One of the first decisions to make when considering
a home purchase is whether to buy new or purchase an existing home.
Though existing homes offer many benefits such as an established
neighborhood, existing upgrades like window coverings and landscaping,
and a potentially larger lot, new homes offer many benefits including:
- Warranties: Many builders offer warranties and in many
cases, appliances and other new systems may also include direct
manufacturers’ warranties for items such as stoves, dishwashers,
etc.
- Modern Architecture: Newer homes tend to have certain
layouts that most existing homes do not such as great rooms (oversized
family rooms), larger closets, media niches and larger state-of-the-art
kitchens. And, you may find newer homes are lighter, since builders
today are using larger, more innovative windows, skylights, etc.
- Energy Efficiency: New homes tend to consume less energy
than older homes. They are generally better insulated, have better
windows, and more efficient central heating and air conditioning
systems.
- Enhanced Electrical Systems: With the advent of home
computers, microwaves, and other modern conveniences, new homes
are being wired to accommodate electrical needs that didn’t exist
when many existing homes were built.
- Healthy Living: New homes may offer health advantages,
since asbestos is no longer used in shingles, floor tiles, ceilings
or insulation. Lead is no longer used in paint, and formaldehyde
emissions have also been eliminated from plywood and particle
board.
- Price: Though the price of a new home may be more expensive
than an existing one, your new home is likely to need fewer repairs
or replacements since everything is…well…new, saving on potential
maintenance and repair costs.
Options and Upgrades: One of the greatest benefits of buying
a new home is the flexibility in choosing certain options and upgrades,
such as flooring, cabinets, paint, exterior colors, etc.
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