New home planned communities or developments are sprouting up all over the U.S. Statistics show that up to 1.6 million new homes are being constructed each year. If you're a homebuyer searching for a new home, there's nothing like the anticipation of moving into a brand new home tailored just for you. In spite of the positive features offered by a new home, there are negative features you should be aware of. First let's go over the positive features:
1) It's Untouched! - A new home has never been lived in by anyone else and it's spotless clean just for you.
2) A New Home Is Tailor Made Just For Your Taste - When you buy a brand new home, you get to select the paint colors, flooring, and accessories to suit your particular taste. You also have the ability to select the ideal floor plan layout to suit your lifestyle.
3) Modern Conveniences - You'll find new homes offering features designed just for today's lifestyle. Convenient features like an attached 3 car garage, open floor plan, and high speed phone and cable lines. New homes also come with built-in energy saving appliances that won't need replacing for at least a few years.
4) Environmentally Friendly - New homes for sale are constructed with energy efficient materials so you'll not only save on heating and cooling costs, you'll use less of mother nature's resources.
5) Community Planning - New homes tend to be built in master planned communities which feature convenient facilities such as swimming pools and community centers. These developments usually have homeowner rules and regulations you need to abide by.
Now let's examine the disadvantages to buying a new home:
6) Higher Cost - New homes typically cost more than an older home, but they tend to have a higher resale value. Plus you'll find some good financing deals offered by the developer to help you buy your new home.
7) Limited Representation - Unless the builder cooperates with outside agents, you'll have to deal only with the builder's sales agent. This limits the amount of protection you'll receive because you won't have another agent looking out for your best interests.
8) Break In Period - As the first owner, you get to be the first one to test out the features of your home. It's not uncommon to discover flaws or defects in materials or workmanship when you first live in the property.
9) Delays - Developers try to complete a home by the estimated deadline, but there will be times when delays move the finish date farther out. Unfortunately developers rarely compensate you for your inconvenience.
10) Rules - Many planned communities require you to live by their written rules regarding use of the property. Unless you plan on moving out, you'll have to live with those rules. - 31862
1) It's Untouched! - A new home has never been lived in by anyone else and it's spotless clean just for you.
2) A New Home Is Tailor Made Just For Your Taste - When you buy a brand new home, you get to select the paint colors, flooring, and accessories to suit your particular taste. You also have the ability to select the ideal floor plan layout to suit your lifestyle.
3) Modern Conveniences - You'll find new homes offering features designed just for today's lifestyle. Convenient features like an attached 3 car garage, open floor plan, and high speed phone and cable lines. New homes also come with built-in energy saving appliances that won't need replacing for at least a few years.
4) Environmentally Friendly - New homes for sale are constructed with energy efficient materials so you'll not only save on heating and cooling costs, you'll use less of mother nature's resources.
5) Community Planning - New homes tend to be built in master planned communities which feature convenient facilities such as swimming pools and community centers. These developments usually have homeowner rules and regulations you need to abide by.
Now let's examine the disadvantages to buying a new home:
6) Higher Cost - New homes typically cost more than an older home, but they tend to have a higher resale value. Plus you'll find some good financing deals offered by the developer to help you buy your new home.
7) Limited Representation - Unless the builder cooperates with outside agents, you'll have to deal only with the builder's sales agent. This limits the amount of protection you'll receive because you won't have another agent looking out for your best interests.
8) Break In Period - As the first owner, you get to be the first one to test out the features of your home. It's not uncommon to discover flaws or defects in materials or workmanship when you first live in the property.
9) Delays - Developers try to complete a home by the estimated deadline, but there will be times when delays move the finish date farther out. Unfortunately developers rarely compensate you for your inconvenience.
10) Rules - Many planned communities require you to live by their written rules regarding use of the property. Unless you plan on moving out, you'll have to live with those rules. - 31862
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