Here’s why buying a new-construction home makes sense this year.
Why should you consider purchasing a new-construction home instead of a resale property? Of course, the most obvious reason why a new home is always preferred is that it’s new. New appliances, new carpet, new paint–basically new everything.
However, it’s more than that. For example, consider homeowners insurance. Right now in Florida, as you all know, insurance rates are going through the roof. It costs more and more to insure a resale home. When you have a brand-new home, you have a brand-new roof. All the major components of the house are new. So you’re going to have the best chance to get a lower insurance premium, which is going to save you money.
Another good reason to own a new home is that it comes with a home warranty. A builder will usually guarantee most of the major things in the house for at least a year. That’s always an added benefit to purchasing a new home. Another cost-saving benefit to owning a new home is energy efficiency. We constantly get notices that the utility bills are going up, but you won’t have to worry about that as much with a new home.
“There’s tons of inventory, and builders want to get it off their hands. ”
So that also is a huge savings factor. We all know what it costs to replace windows. So if you have an older home with old windows, it’s going to cost you thousands and thousands of dollars to replace those windows and make your home more energy efficient. Buying a brand new home has that built in already. That’s already a saved cost right off the jump.
All that said, here’s the best reason why you’ll want to consider buying a new-construction home this year. Don’t tell anybody I told you this, but right now, we have builders all across the state of Florida who have dozens and hundreds of homes that are already under construction. That means no more waiting lists. There’s tons of inventory, and builders want to get it off their hands.
To sell more homes, builders are offering crazy incentives to buyers right now. Some of these builders are giving buyers $20,000, $30,000, and even up to $50,000 for buyers to use towards closing costs and buying down your interest rate. Think about that; you could get into a brand-new home for an interest rate under 5%, get everything that you need, and not have to worry about anything.
If you’d like to learn more about how you can purchase a new home with great incentives, give me a call or send me an email. I’d love to hear from you!