Are you thinking about buying a home? Are you wondering, is it better to build a home or buy a resale? If you’re looking for the best long-term value, here are reasons that new construction delivers much more.
One of the biggest advantages of building a new home is that you select the details. From the homesite and floor plan to all the finishes, your new home is the sum of your choices, not someone else’s. You move in without a “To Do” list of things to change. What’s the likelihood that you can find an existing house that ticks all the boxes on your wish list?
Construction methods and materials continue to evolve. Energy efficiency, indoor air quality, and smart home technology are a few examples of how today’s homes are more advanced. Homes built even 10 years ago don’t have the advances, such as CAT6 ether cabling that delivers a more reliable, stronger signal throughout the home. If the home you’re considering was built before the expansion of smart home automation, what do you need to do to adapt today’s technology to the home’s design and construction? How much work will it be to incorporate your smart home appliances and devices?
Five years ago, the whole world learned the importance of indoor air quality. Modern homes are often designed to filter indoor air and prevent the use of materials with high VOC content. Then, the families living there can breathe healthy, cleaner air. What protections against indoor pollutants do you have in a resale home?
As for conserving energy, a home needs more than thermal windows and ENERGY Star appliances to meet today’s high standards for energy efficiency. The construction should incorporate high quality structural features, like roof sheathing and a moisture wrap. Advanced air sealing, reduced water usage, and a high efficiency HVAC system contribute to lasting efficiency. As you’re comparing an older home to a new one, add up the estimated energy costs per year to see if you’re really saving money.
As you're wondering, is it better to build a home or buy a resale, keep in mind that the purchase price of your home is only part of the total cost of ownership. What should you budget after closing to maintain your home? Will you need to pay for new appliances, a new roof, furnace, or water heater in the near future? Do you hope to remodel, maybe change the flooring or update the kitchen or bath? What are the estimated utility costs?
Before you make an offer on a home, be clear about the total cost of ownership. These additional expenses can sneak up on a homeowner. If you haven’t planned ahead and budgeted for replacement or repair, you might struggle with maintaining your investment.
Some housing markets are quite competitive. Prospective buyers bid against one another to “win” the home they want, upping their offer, even beyond the asking price.
That’s not the case with a new construction home. You work directly with the builder’s sales agent to select the community, lot, and floor plan. The price is the price. There’s no competition with other buyers. You can take your time in selecting your home, without the pressure that comes with another buyer submitting an offer on the same property. The price you’re given by the sales agent is the price you pay. You don’t have to cross your fingers and hope your offer is accepted.
New construction homes come with a builder’s warranty. The structure is fully guaranteed! Every detail in the home is also protected—the appliances, flooring, and systems—by the manufacturers and installers. This protection eliminates worry that an unseen issue will require the cost of repair. With one phone call, any issues will be scheduled and fixed, at no extra cost to you, one more of the great advantages of building a new home!
Buyers are always concerned with getting the best value on purchasing their home. Sellers of a resale home are unlikely to be able to offer incentives to buyers. But builders have more flexibility!
It’s common for a home builder to offer incentives on new homes. For example, you might be given credit toward adding upgrades to the home you’re planning to build—more sophisticated appliances or lighting, for example. With an existing home, what you see is what you get.
In addition, builders can work with lenders on financing incentives. At New Home Inc., we’re offering a rate buydown program. We pay the difference to reduce your interest rate for the entire term of the mortgage. With our rate buydown program, your rate goes as low as 4.75% on a 30-year, fixed rate home loan. You pay nothing extra for the reduced rate. New Home Inc. is using this rate buydown program to make buying one of our new homes for sale near Raleigh even more affordable.
As you know, considering homes is not an apples-to-apples comparison. Whether you’re looking at new construction homes or resales, each one has its own desirable features. Your job is to decide which one presents the best match to your lifestyle and budget. Which home has the fewest weak spots, those nagging details that you’ll have to live with until you get around to fixing them?
New Home Inc. designs homes that don’t force you to compromise. Our “Future-Proof” homes reflect visionary thinking—more than what you need right now, but what will matter in a few years. Is it better to build a home or buy a resale? The value built into every one of our new townhomes and new homes for sale near Raleigh gives you a better bottom line on the total cost of ownership.
Here are a few details you can count on in a New Home Inc. home.
Smart home technology is part of our everyday lives. The home you buy today should keep up with the advantages that the continually evolving technology adds to your life, like comfort, security, and convenience. New Home Inc. recognizes the importance of your home being ready to accommodate the latest technology, so we include these features.
New Home Inc. builds homes according to the high standards and requirements to earn the ecoSelect Home Efficiency Program certification. We take extra steps to ensure your home conserves energy, saves you money, and provides a comfortable environment.
Protecting the air you breathe in your home is essential. Our energy efficiency measures provide a solid envelope that keeps outdoor elements from sneaking inside. But that means you need better circulation indoors to filter out the allergens and pollutants that otherwise collect there.
The kitchen can make or break a deal when you’re choosing your next home. The size, layout, and quality of the details are important to the room where so much happens every day. New Home Inc. studied kitchen design and recognized that homebuyers need more than conventional thinking. Here’s what we include.
New homes should be designed to accommodate the unique needs of the family living there. When we design our homes, New Home Inc. builds in flexibility, so that you can easily transform the interior to fit the way you live.
Are these features important enough to include on your wish list? As you look at new homes for sale near Raleigh, be sure to notice how each home will meet your needs in the future, not just the way you live right now.
New Home Inc. is building communities of new construction homes for sale near Raleigh. Our single-family homes and townhomes are located in popular Raleigh suburbs, like Angier, Clayton, Fuquay-Varina, Lillington, and Smithfield. We make the new home buying process easy and enjoyable!
If you’re in a time crunch, look at our quick move-in homes for sale. These are brand new construction, fully warrantied, and you can close quickly.
Even before you visit, you can browse our neighborhoods and floor plans. The interactive feature for each floor plan lets you customize the details. Change the plan and you can see the new layout immediately. Take a virtual tour of any floor plan to get an even better view.
Then, most importantly, contact New Home Inc. to plan a personal tour. Explore the details in our model homes. Learn the process of building a new home, including the financing. You don’t need a construction loan when you buy with us. And with our incentives and preferred lender, you’ll soon discover the answer to your question, “Is it better to build a home or buy a resale?” You’ll get so much more for your investment—peace of mind, comfort, convenience, and security.