Lessons Learned from Years with Houses

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What are the Benefits of Buying a New House? Mortgage house hunters are faced with the choice of either buying a previously-owned home if not a foreclosed one, or buying a brand new home which are mostly costlier when one brings it down to per square foot. These two sets have various selling pointsthat we can glean at, in hope to win you over into settling for a brand new one if the priority is to actually have a place where you want to comfortably settle down for good. There are two selling points if you opt to buy a previously owner home. Pre owned homes are cheaper and so you have a lower monthly amortization. However, this does not include other form of costs which you have to intermittently put every time something goes wrong or breaks. The other selling point however, is when one puts a zero value on the house itself and exploits the value of the property, which is a good real estate investment in the long haul. Because we focus so much on the high cost of down payment and a higher monthly amortization cost, we miss out on the numerous selling points of buying a brand new house for a more comfortable future.
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The first selling point in buying a new house is that you can have an input when it comes to its design, layout, choice of color, type of flooring, etc. Many home builders allow their buyers to participate in this process. This cannot be so in a used house because the process will involve demolishing the existing one then constructing a new arrangement which is limited to the structural patterns of the old house.
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Energy efficient standards are required by building codes of today. Because of the high energy risk at present, home builders need to adhere to the regulatory code. What this means is that newly constructed home need to adapt to better develop innovations beginning with higher efficiency insulation , doors, and widows like the one we now see which has double, triple and quadruple panes, which were unthought-of of before because energy was cheap and abundant to keep one’s home warm during winters and cool during summers. Today, with the new energy efficient HVAC designs, we can greatly reduce our energy bills. Today new homes use high efficiency stoves, refrigerators, washing machines, water heaters which were unlike what they have years before. A new home has fewer and more minor repairs and they have warranties so there is no need to spend on anything until after a year or two. Another advantage of buying a new home is that you can have mortgage financing perks that home builder give in order to sell as many homes as they can.