It’s the age-old question: Should you buy an existing home or go for something new? You’ve probably even heard some of the same old arguments, like how new homes have less maintenance. But building new isn’t just about cutting down on repair and renovation costs. In fact, you might be missing some of the secret benefits you score by going with new construction. Check ’em out here:
1. Building a New Community
New homes are often built in new communities, right? Well, it makes for the perfect opportunity for your family to help establish a new neighborhood. Block parties, play groups and BBQs? It’s all you. There’s something to be said for the experience of establishing yourself (and your family) in a brand-new community.
2. Tax Benefits
Ask your accountant about some of the tax benefits of buying a new home versus purchasing an older one. There are tax breaks available for greener appliances, loan interest and more, so building a new home might actually reduce stress come tax time.
3. Energy Efficiency
Speaking of greener appliances, there’s one area where new construction has existing homes beat: Energy efficiency. Everything from new insulation to windows means your new home costs less to run when compared to an older, less-efficient home.
The truth is that we simply don’t live and entertain the way we used to. While older homes often have fewer, smaller rooms, our new open floor plans mean plenty of room for entertaining and living with your family. There’s definitely something to be said for a more modern home that matches your more modern lifestyle.
So, if you’re still on the fence on your home purchase – old or new? – keep in mind that not all of the pros and cons are so easy to see. Instead, it’s the smaller, more hidden benefits that could be the factors that sway you to make a decision.