When you'd like to become a homeowner, there are several ways to go about it. Most people purchase existing homes that had prior owners, but there's a lot of value to buying a new construction home. Knowing the value of new construction homes can steer you in the right direction so that you can work with a real estate agent and put in an offer on a property that is built from the ground up. Keep reading to learn more about purchasing a new construction home that you'll love and appreciate.
Why is a new construction home worthwhile?
New constructions are also incredibly low maintenance compared to existing homes. Home maintenance costs vary, as some people follow the rule of thumb to set aside about 1% of the value of their home on maintenance costs, while others use the square footage of their home as a measuring stick for how much they should pay. Of course, a new construction home gives you peace of mind, knowing that no one else has lived in your home, and it's customized to your liking. These construction projects tend to also have the newest and best fixtures, which is great both for your quality and household overhead costs.
What factors should you look into when buying a new construction home?
When shopping for a new construction home, you should look at a few foundational factors. For one, make sure that the home utilities are designed and installed by the best engineers, plumbers, electricians, and other professionals. Stock the new house with the best utility fixtures and appliances so that the home is sustainable and useful. Tankless water heaters can get you energy savings of 27% or more. Look into modern and up-to-date decorative fixtures, from your choice of flooring and the color of your walls to the types of windows and skylights you install.
Are you prepared to buy a new construction home?
Your biggest order of business is making sure that you situate the house somewhere that will bring you increased property values for years to come. A new construction home real estate agent can also help you find the best plots of land to build on. They can even match you up with builders that will work with you and give you a good rate. Erecting a 2,500 square foot home will likely cost you an average of $467,500, according to studies.
Consider the points above, and move forward when planning out your new construction home.