Every year there are close to 1.6 million new homes being constructed in planned communities or developments. As a homebuyer, you dream about the day when you can move into the perfect new home. Even though new homes have several great benefits, there are several drawbacks you need to know about. First, let’s check out the benefits of looking at new Orange real estate-homes for sale:
1) You’ll Be The First One To Test Out The House – Because a new home hasn’t been occupied before, you get the privilege of being the first to enjoy all the features of a spotless home.
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) Modern Conveniences – You’ll find new Orange real estate-homes for sale offer features designed just for today’s lifestyle. Convenient features like an attached 3 car garage, open floor plan, and high speed phone and cable lines. New homes also come with built-in energy saving appliances that won’t need replacing for at least a few years.
4) Green Friendly – New homes are built with energy efficient construction materials designed to save you money on your electric and gas bills. These materials also reduce our consumption of earth’s natural resources.
5) Community Planning – New homes tend to be built in master planned communities which feature convenient facilities such as swimming pools and community centers. These developments usually have homeowner rules and regulations you need to abide by.
Now let’s examine the disadvantages to buying new Orange real estate-homes for sale:
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’re The First To Find Flaws – Buying a new home can be an exciting process, but you’ll be the first to discover any flaws your new home may have. New homes are not without problems and the construction materials used aren’t as durable as older homes.
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.
If you’re comparing Orange Realtors-real estate agents to help you search for Orange real estate-homes for sale, give me a call today!
Comments on this entry are closed.