If you’re thinking about the possibility of a new home for 2015, it can be hard to focus on anything but the cost. You want something that better suits your family’s needs, but what can you afford? Many assume that pre-existing homes are the cheapest way to go, you might be surprised at just how super-affordable a new construction home can be.
1. The Square Foot Price Can be Lower
Always take the time to calculate how much you’re paying for a home based on square foot. Appearances can be deceiving and a pre-built home might end up costing you more per square foot, even if the overall price is cheaper.
2. Everything is Already Updated
Think you could love a home if only the kitchen were updated? That’s gonna cost you. One of the best things about building a new construction home is that everything is already updated, so you don’t need to spend more money to get all of the items on your home wish list.
3. No Repairs
While a re-built home will definitely have an inspection as part of the selling process, there can still be some nasty surprise in store. A leaky roof or a dysfunctional furnace could have you reaching in your wallet for repairs again and again. Brand-new homes won’t need repairs.
4. Energy Efficiency
Older homes can have drafty windows and doors, as well as older appliances which don’t meet energy efficiency guidelines. New construction adheres to strict energy efficient standards, so you save money on not only the price of the home, but the cost of utilities as well.
When you run the numbers, it’s clear that new construction homes may be the better value in the long run. If you think you can’t afford to build your own, a little research can show you that a new home is definitely in the cards for 2015.