Many people will never buy something that has been used, but some prefer what has been checked and is less onerous. However, the difference goes far beyond mere preference when it comes to new construction versus existing homes. All new buildings and existing homes have their benefits and inconveniences. And if you’re still on the fence about this, here’s the pros and cons in [ market city ] to buy new building.
Pros of Buying New Construction in North Carolina
The pros of buying new construction are undeniable, and here are the best ones:
SHINY NEWNESS
If you buy a new house in [ market city ], you clearly buy a brand new home that has never been occupied before by anyone else. You will not have to do any upgrade repairs or major cleaning or carpet shampooing.
But what is really important here is that there has been little use of the major appliances, water heaters and the HVAC system, are in great shape, and will possibly last for years. You definitely aren’t going to have to worry long about these stuff. But even if you have issues with them, they will still be under warranty, and the cost of replacement will not get out of your pocket.
CUSTOMIZATION FLEXIBILITY
Additionally, you might have customization options if you make your purchase while the home is pre-construction or the very early stages of construction. You can often make customization choices about colours, appliances, flooring and more at this point.
And according to the real estate experts, this is a huge plus. “Nobody knows your desires so needs better than you, and having so much power over the specifics that suit your home to your taste and lifestyle is quite a privilege. Buying new construction means you can choose everything from the color of your side and trim to each light bulb and outlet placement. Many of the items you get to customize are hard to put in after a home is completed – or at least very expensive.”
ENERGY EFFICIENCY
New{ market city] building normally means a house that is far more energy-efficient than many existing homes. And the effect of that is that you’re going to spend a lot less on utility bills to heat up and cool your house. New-built homes typically come with energy-efficient appliances, more and more insulation, double or triple-pane windows and saving HVAC systems. “Your designer,” the experts say, “probably already has some of these options, such as energy-efficient windows that can avoid the 25% -30% heat gain and loss due to less efficient windows,” as well as “dual-flush toilets, smart thermostats, and LED lighting.”
DISCOUNTS AND BONUSES
A final advantage in new construction is that builders will often offer discounts because they need to sell some new homes in which they have so much money tied in. Often, they can throw added bonuses and services to sweeten the deal. Many builders are even providing mortgage financing that can streamline the entire procurement process.
Cons of Buying New Construction in North Carolina
Now let’s examine some of the cons of new construction in North Carolina, such as:
SHODDY WORKMANSHIP
It’s unfortunate fact, but many builders are cutting corners and using inferior materials to increase profit. And on top of that, others employ labor and use subcontractors who do inferior but inexpensive job. So you should have the home professionally inspected even with new construction so ensure everything is as it should be and perform properly.
FEWER LOCATION OPTIONS
If you buy new [ market city ] development, you’ll probably have fewer choices when it comes to the place. “The developers also create a series of open land homes. In other words, usually new suburban projects are a bit removed from the city centers.”
A similar con to be mindful of is that you can’t usually get a feeling for neighbors and community. With new construction, many of the houses in a neighborhood are often still vacant and unsold when you purchase, and at that point, there are a few neighbors to get to know.
BUILDER INEQUALITY
One thing you need to look for in new construction is that there is often a wide variance in skill, experience and quality of work amongst builders. You can’t just assume that because a builder is building new homes, she really knows what she’s doing because “the policies, skills and options available vary from one builder to another.” Those in the know recommend that you check the builder’s “reputation for both reliability and quality of the homes produced.. . . . Look beyond the pictures on their website and seek more information to ensure you make the right choice when choosing a builder for your new build home.”
COST OF UPGRADES AND OPTION
The price that you see advertised for that bright new car you’ve been lusting for isn’t really the price you’re going to pay. Getting all the options you want and need will make the car’s price pretty much higher. And the same goes for new building in [ market city ].
The price you see for a new build home for the first time is just a base price. It will be quite costly to get even minor improvements – and this is in addition to the fact that a new building home usually costs around 20 per cent more than an existing home.
UNEXPECTED DELAYS
The potential for inevitable and sometimes lengthy delays is a final con of new construction, which can be a huge and expensive headache in some instances. Mother Nature doesn’t always help, so when it is supposed to happen the completion of your new home might not happen. Long spells of rain or ice and snow can delay your moving-in for weeks.
So, you buy new construction in[ market city] or an existing home after reading those pros and cons? If you still have trouble finding out which one is right for you, let your professional local real estate agent provide some expert guidance. Discover how our agents will help make the right choice for you.