Why new construction homes are worth more:
Who doesn’t prefer brand new overused? Unless you’re an antique aficionado, choosing new is the best way to ensure you’re buying something completely updated and backed by a guarantee. When it comes to deciding whether to buy a new home or a resale, you should understand why new construction homes are worth more.
Has anything changed in the last few years?
Is everything in your life the same as it was in 2019 or before? The pandemic’s restrictions led to many lifestyle changes, beginning in early 2020. People left their workplace behind and set up shop at home. This transition alone demanded a dedicated home office space with the privacy needed for productivity. It also meant more meals prepared and consumed at home, so the kitchen—already traffic central—became a bottleneck.
More people working, studying, playing, and living under one roof also meant more devices. The strain and drain on Wi-Fi caused yet another problem.
And what about the rise in home deliveries? Shopping from home reached new levels during the pandemic, and it’s not stopping. Whether ordering meals or groceries, basic staples to technology, American consumers count on safe deliveries of their orders. Adding a video doorbell to record visitors is useful, but does it prevent the loss of your packages?
Another change since the early days of the pandemic is the addition of family members to the household. Whether for financial savings or safety, aging parents and adult children moving in created the need for more space—and not just another bedroom, but additional living area required for another adult.
The real value of new construction homes
Why is a new home worth more than a resale? Consider these benefits that add real value.
#1. Everything is brand new so you don’t have the cost of repairs or replacement in your line of sight.
Forget about worrying how long the water heater will last or if the furnace will get you through the winter. You don’t have to look at the cost of replacing the old windows with more energy-efficient ones (about $450 to $600 per window for vinyl). From the roof to the foundation—and everywhere in between—your home is new construction. And you have a builder’s warranty to protect you!
#2. You’re getting the latest and greatest in design trends and materials.
Only a new construction home will offer you the most updated features throughout the home. Unless you’re looking at a resale that has been completely renovated and updated, don’t count on a home that includes all of these great features: quartz or granite countertops, luxury vinyl plank flooring, smart home automation, and special extras, like a smart door delivery center and an additional pantry space (like our “Messy Kitchen”).
#3. Energy efficiency and indoor air quality are included.
A new home is, on average, 30% more energy efficient than a comparable resale built earlier. A home like the ones New Home Inc. builds is even more energy efficient. You can save at least 20% on your utility bills. That adds up to significant savings over the course of your mortgage. Factor in the energy costs to the monthly mortgage. You might find that even if the new construction home costs more to purchase, the energy savings offsets enough to make you reconsider!
With a new construction home, you have the added value of indoor air quality features. Did you know the air you breathe inside your home is two to five times MORE polluted than outdoor air? With all that we’ve learned about air quality over the past few years, you can appreciate the value of home improvements that address this need. New Home Inc. includes a whole home air filtration system with MERV-rated filters that keep more particles from getting inside your home.
#4. Resale value benefits the new construction home.
The resale home you buy today will be that much older when it’s time to sell it. If you were buying a used car, would you prefer one that’s newer and has fewer miles than something from the previous decade? Newer homes generally command higher resale value than a comparable home that’s years older. Buyers want homes with fewer “miles” on them and more current features.
The value of Future-Proof home design
New Home Inc. is a Raleigh homebuilder that brings fresh ideas to building and buying new construction homes. We researched lifestyle and home design trends and incorporated our findings into our new homes for sale in Raleigh and the nearby Raleigh suburbs.
We call this “Future-Proof”, the visionary flexibility that gives you a high-performing home with features that you’ll continue to appreciate in the years ahead:
- Smart Door Delivery Center, a locked nook by your front entrance for contactless deliveries protected from the elements;
- Smart home automation, including a whole home network panel, smart door lock, video doorbell, smart thermostat, and smart lights control panel;
- Electric vehicle charging station;
- “Messy kitchen”, an additional space off the kitchen, perfect for extra storage, prep, and clean-up;
- Pocket office or fitness room, intentionally located to give you privacy;
- Right-sized kitchen island, with seating on three sides;
- Whole home air filtration system for improved indoor air quality.
These are a few of the future-proof features of our homes, and more reasons why new construction homes are worth more than a resale.Seeing is really believing. Use our virtual tours to browse New Home Inc.’s models and see our available homes for sale in Raleigh and the Raleigh suburbs of Apex, Fuquay-Varina, and Selma. You owe it to yourself to learn the pros and cons of buying a new home before you make this big decision. New Home Inc. is here to answer your questions and personally guide you through the process of buying a new construction home.