Are you deciding between a resale and a new construction home? There are plenty of reasons why you will want to opt for the latter – but first, let’s get some definitions out of the way.
What are New Construction Homes?
New construction homes are brand-new properties constructed and sold by developers/home builders. Buyers typically purchase these homes while still in their pre-construction phase or right after they are built.
Reasons to Invest in New Construction Homes:
- New construction homes allow for customization
It is difficult to find an existing house that corresponds to your exact needs and wants. But with a new construction home, you have the opportunity to customize it to your liking. Some of these homes are half built, which means you can still change the layout, light fixtures, paint colors, and so on.
- New construction homes offer modern and upgraded features
New construction homes typically have more up-to-date features than existing homes. They use newer technology and more energy-efficient materials and are built according to the latest regulations. You’ll also find plenty of space throughout the property, from the kitchen to the backyard.
- New construction homes have fewer maintenance issues
Most problems encountered by existing homes, especially older ones, involve roofing, insulation, and electrical and plumbing systems. With new construction homes, you can rest easy in the knowledge that not only are all the systems brand new; they are also usually constructed with more sustainable, durable, and energy-efficient materials.
- Most new construction homes also come with a builder’s
warranty, which gives you limited coverage on the home’s components, such as roofing and siding, insulation, waterproofing, doors and windows, and plumbing, air conditioning, and electrical systems. Warranties can last for a year to two years – or even 10 – depending on which component it is.
- Home builders offer incentives
Many builders and developers also offer various incentives and discounts in order to attract more buyers. They will often lower the asking price or provide a certain amount in incentives, making it cheaper for you to purchase the home. In return, you may have to purchase the home right away, make an earnest money deposit, or pay the listing price. Make sure to consult your real estate agent for the best option before making a decision.
- New construction homes have a better return on investment
Upgraded appliances, modern designs, and spacious interiors and exteriors make new construction homes more appealing to potential buyers and renters. And if it’s in a location with good schools and plenty of employment, shopping, and recreation options, you will be able to rent or sell it at a higher price.
You’ll find plenty of investment-worthy new construction homes in Orange County and Rockland County, New York. Get in touch with us at Hudson Valley Realty Center today at 845-395-9755 or via firstname.lastname@example.org to learn more about these promising properties.