Benefits of Owning a Newly Constructed Home
Benefits to Buying a Newly Constructed Home
The thoughts of building a new Chambersburg area home can be both exciting and intimidating at the same time. Fortunately, we have helped hundreds of clients just like you who are thinking about this home buying option. This article is written to help you see the many benefits to buying a newly constructed home versus buying an existing home.
Building a new home or remodeling an existing home
With existing homes, many times home buyers purchase homes with the knowledge they will someday soon need to remodel the home for updates or to personalize the home to meet the needs of the owner. With new construction, you eliminate this issue upfront as you can personalize your home before it is built. In most cases, expect to pay 8 to 12 per cent more per square foot for a newly constructed home versus an existing home.
Your home will be customized to your personal taste
Understand this, building a new home is a very hands-on experience. You will be intimately involved in the process, unlike buying an existing home. Most builders allow you to select the lot where the home will be built, pick a plan with the number of bedrooms and baths you need, select the style of your home, the interior and exterior colors even down to the quality of the carpet, hardwoods, countertops and cabinets. The choices are endless, so be prepared to make lots of decisions about upgrades versus stock items and features.
Spec versus Pre-sale
In the homebuilding industry, custom builders often construct what’s commonly called “spec homes” or speculative homes within a development to create interest from prospective buyers. Often buyers are unable to visualize a house plan and need to walk through a new home to capture the quality and craftsmanship of the builder. Larger “tract builders” will construct model homes and lavishly decorate them to demonstrate the quality of their product and identify the upgrade options available to the buyer. Depending on market conditions, builders may build numerous spec homes and offer those homes at a slightly lower cost compared to a “fully” customized pre-sale home. If you identify a spec home in the early stages of the construction process, much of the spec home can often be customized to your personal taste. A pre-sale home allows the homebuyer to select every customizable feature of the home down to the selection of the lot. Many builders will allow you to deviate from the original architectural plans of the home. Be aware, selecting upgrade options and changing a house plan will significantly drive-up the cost of a newly constructed home.
The obvious benefit to buying new construction is the ability to enjoy a honeymoon period free of any maintenance. No home is built to be maintenance free however the materials you select will have a tremendous impact on how much future maintenance is involved and required. As your Realtor partner, we will review the types of materials available so you will make wise decisions about your new Shippensburg or Chambersburg home.
Connected to the area
In conclusion, as a new homebuyer, you will benefit from the numerous partnerships we have developed through the years with local homebuilders. In addition, because of our longevity in the Franklin and Cumberland County real estate markets, we have built relationships with most of the developers in this area who are planning and building new developments today and in the future. We would be happy to help coordinate the purchase of your newly constructed home in our area by connecting you with a builder who will construct a home that will fit your budget and meet your needs.
Contact us today, if you are ready to build your new Chambersburg or Shippensburg home.