New home planned communities or developments are sprouting up all over the U.S. Statistics show that up to 1.6 million new homes are being constructed each year. If you're a homebuyer searching for a new home, there's nothing like the anticipation of moving into a brand new home tailored just for you. In spite of the positive features offered by a new home, there are negative features you should be aware of. First let's go over the positive features:
1) You'll Be The First Owner - There's nothing like the feeling of moving into a brand new home designed just for you. You can expect everything to be immaculately clean.
2) It's Customized For You - While a semi-custom home gives you greater customization, you can still customize a tract home's paint colors, flooring, and fixtures. You can also choose from several floor plans to suit your needs.
3) Designed For Today's Lifestyle - Homebuilders have designed today's new homes to fit today's lifestyle. Convenient 3 car garages, smooth flowing floor plans and cable or high speed date lines make newer homes very appealing to today's homebuyer. New homes also feature energy saving appliances designed to save you money in the years ahead.
4) Better For The Environment - By using energy efficient materials to build a new home, you'll save on heating and cooling costs thereby using less of our natural resources.
5) Master Planned Community - As you look into buying a new home, you'll find most of them built in master planned communities. Many of these communities have HOA (Homeowner's Association) rules and guidelines every homeowner needs to follow. These communities also feature community swimming pools and recreation centers. Now lets study the negative features:
6) Higher Cost - New homes typically cost more than an older home, but they tend to have a higher resale value. Plus you'll find some good financing deals offered by the developer to help you buy your new home.
7) Less Protection - Instead of having a Realtor represent your interests and advise you during the homebuying process, you'll have to deal with the developer's salesperson.
8) You'll Be The First To Discover Flaws - Building materials used in new homes aren't as durable as those used in older homes so it's not uncommon to discover malfunctioning appliances or parts. As the first owner of a new home, expect to discover some flaws as you adjust to living in your new home.
9) Delayed Completion Date - New home builders strive hard to complete your home by the estimated due date, however it's common for weather problems and other unexpected delays to occur. Be prepared for these potential delays and don't expect much in the way of compensation from the builder if you're inconvenienced.
10) Rules - Many planned communities require you to live by their written rules regarding use of the property. Unless you plan on moving out, you'll have to live with those rules.
1) You'll Be The First Owner - There's nothing like the feeling of moving into a brand new home designed just for you. You can expect everything to be immaculately clean.
2) It's Customized For You - While a semi-custom home gives you greater customization, you can still customize a tract home's paint colors, flooring, and fixtures. You can also choose from several floor plans to suit your needs.
3) Designed For Today's Lifestyle - Homebuilders have designed today's new homes to fit today's lifestyle. Convenient 3 car garages, smooth flowing floor plans and cable or high speed date lines make newer homes very appealing to today's homebuyer. New homes also feature energy saving appliances designed to save you money in the years ahead.
4) Better For The Environment - By using energy efficient materials to build a new home, you'll save on heating and cooling costs thereby using less of our natural resources.
5) Master Planned Community - As you look into buying a new home, you'll find most of them built in master planned communities. Many of these communities have HOA (Homeowner's Association) rules and guidelines every homeowner needs to follow. These communities also feature community swimming pools and recreation centers. Now lets study the negative features:
6) Higher Cost - New homes typically cost more than an older home, but they tend to have a higher resale value. Plus you'll find some good financing deals offered by the developer to help you buy your new home.
7) Less Protection - Instead of having a Realtor represent your interests and advise you during the homebuying process, you'll have to deal with the developer's salesperson.
8) You'll Be The First To Discover Flaws - Building materials used in new homes aren't as durable as those used in older homes so it's not uncommon to discover malfunctioning appliances or parts. As the first owner of a new home, expect to discover some flaws as you adjust to living in your new home.
9) Delayed Completion Date - New home builders strive hard to complete your home by the estimated due date, however it's common for weather problems and other unexpected delays to occur. Be prepared for these potential delays and don't expect much in the way of compensation from the builder if you're inconvenienced.
10) Rules - Many planned communities require you to live by their written rules regarding use of the property. Unless you plan on moving out, you'll have to live with those rules.
