Pros Of Buying A New House
Newly-painted walls, chic designs and state-of-the-art appliances are just a few benefits of buying a new house. However, there’s an emotional aspect to it too! When you become the first resident in your new abode, you create what it will be – so let’s explore how moving into new construction can enhance your life!
Delayed Major Maintenance Costs
Investing in a newly built home is an economical choice for homeowners, considering the substantial lifespan and reduced maintenance expenditures.
The Housing Survey reports that almost one-fourth of all citizens spend at least $100 or more on monthly upkeep costs – yet those who opted for recently constructed properties generally noticed significantly lower bills than that!
Conversely, energy costs were drastically lower for those who acquired homes within the past four years. 73% of these households spent $25 or less on monthly upkeep – allowing them to obtain a home warranty hassle-free. This makes new homeownership more manageable and cost-effective!
Energy Efficiency
Energy efficiency has become increasingly necessary in recent years to ensure an eco-friendly future. Therefore, buying a new house typically means it’s better for the environment since contemporary homes are equipped with insulated walls, ceilings and floors, as well as dual-pane windows that remain sealed to preserve heat during winter and air conditioning during summer months.
Home designs can vary, but with the right design, you have the potential to focus on efficiency even more. Some modern homes have integrated solar panel systems and other renewable energy sources, creating a sustainable living environment.
Safety Stamp Of Approval
Beyond providing a safe environment for your family, buying a new house that is up-to-date with national safety regulations has numerous advantages. New construction is held to heightened standards of security which mean less maintenance and lower insurance premiums — not to mention higher resale value! Investing in modernizing your living space can be an incredibly rewarding decision.
Larger Living Spaces
New homes may sometimes be less extensive than their predecessors. Yet, the growing trend of open floor plans has revolutionized modern home constructions, resulting in more extensive square footage and extra storage space for belongings. Furthermore, the new building is designed to provide generous communal areas perfect for entertaining guests or family members.
Cons Of Buying A New House
Buying a new house is thrilling, but there are some drawbacks to bear. While it may be freshly constructed or only several years old, you must remember that nothing stays pristine forever. Before finalizing your purchase of new property, evaluate the following disadvantages that come with it.
Likely Less Centralized
Although city centers are usually home to older buildings, newer dwellings are often in the suburbs. This can create longer travel times for work and leisure activities, which may deter some from looking to purchase a new house.
Smaller Outdoor Spaces
As land becomes increasingly scarce, home builders are forced to forgo yards to maximize a house’s living space. Consequently, many homeowners have resorted to close-quarter living.
While the landscaping surrounding older homes has matured for decades, those near newer residences have been around less often and feature basic vegetation.
With immature plants comes a lack of curb appeal, which can make it challenging to sell your property in the future. Smaller outdoor spaces are more prone to this issue due to their need for more established flora.
Higher Upfront Costs
While the price tag of newly constructed homes is around 30% higher than existing housing, it can be a worthwhile investment given their lower maintenance and utility costs in the long run.
However, you cannot cover those high initial expenses simultaneously. In that case, an older house may be more suitable for your financial situation as they often require less money upfront while enabling you to stagger home upkeep over time.
The Bottom Line: Age Is Just A Number
Figuring out the ideal home for you involves a series of compromises. Homebuyers must have a specific notion of their needs and wants from a house – not just think about the property’s age as one contributing factor.
Homeowners seeking to express their individuality and are willing to invest time, energy, and money into maintaining a unique home may consider older houses.
When taken care of properly, these dwellings can still evoke the nostalgia of simpler times while preserving modern convenience. Those looking for more instant gratification regarding amenities may be better suited to buying a new house instead.
Ready to bring your dream home into reality? A great starting point is figuring out what you can afford. Create a thorough list of all the essential features and amenities for you, and don’t let go of those deal breakers – because trust us, there’s a house specifically tailored to meet your needs!
If you need to find your dream home, then contact our experienced Chilliwack realtors today. The Best Homes On Earth Team is willing to go above and to deliver the results that you are looking for.