Keller Williams On The Water

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  • CHA,…CHA,…CHANGES!
CHA,…CHA,…CHANGES!
  • Oct 23, 2015
  • New Home Ambassador
  • new home construction lifestyle energy efficiency

 

Times they are a changin’ and the new homes of today and in the future have had to mold to the lifestyles of our future.  Consideration of our natural resources and the technology demand need to be realized and recognized in the construction of our new homes today.

When deciding to buy a home, one question you may ask yourself is whether you want new construction or an older home. Are you one of those people who love the new paint smell? Or are you looking for a resale home?  In considering your choices and listing your “wants & needs”, be sure to consult with your Realtor!  They have vital information to share on interrupting your current and future market knowledge and return on investment.

Here are some value points that new construction can bring to your “lifestyle” and return on investment

- Layout. Newer construction is usually done with modern families in mind. For instance, most have a family room adjacent to a spacious kitchen in order to accommodate the need of having one large room where families can spend time together.

- Amenities. Some newer developments have amenities such as a pool, walking trails and a gym. This is nice since you don’t have to worry about driving to your closest health and fitness facility. It’s no more than a walk away!

- Fewer Repairs. Because it’s newer construction, you typically have fewer repairs to do, especially the larger ones like a roof repair or a new furnace.

- More Energy-Efficient. Since new homes include new, energy-efficient appliances, new windows, and insulation, among other things, your home will stay warmer during the winter and cooler during summer.

- Warranties. With new construction comes new appliances, new equipment and their warranties. Some builders also have extended warranties on their newly built homes, which can give a buyer peace of mind, especially first-time home buyers

 

CHALLENGES IN A RESALE PURCHASE

-  Smaller. It’s interesting to see how floor plan size has increased with time. According to the National Association of Home Builders, the average home size in the U.S. in 2009 was 2,700 square feet, compared to only 1,400 square feet in the 1970s. The main complaints    of older homes are storage space, bedroom size and the lack of having a “master suite.

-  Less energy-efficient. Think about it–windows and insulation are older, some homes were built with older materials, some homes may even have additions that tampered with the home’s structure, or maybe even construction with code violations…there are many ways    for an older home to truly become a money pit when it comes to energy consumption. Do you know the expense of repairs and updating in a resale home? What return on your investment is truly realized?

-  More maintenance. Again, you may have to change the roof, or furnace, or carpet, etc. There are just changes that you need to make on a home every so many years.

-  Older appliances. Unless you find one of those older homes that has been completely updated, you may need to also replace appliances. This is not only to update your home, but it also helps when trying to resell the home.

 

 

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