Good Reasons to Buy a New Home
Buying a home is both a logical and emotional decision for most people. Whether to buy new or used will continue to be a topic of discussion as long as there are homes to sell.
Here's why you should consider buying new:
Easier to comparison shop... and save!
All new homes are the same age and options are listed upfront. Price breakdowns make it easy to spot a good value. Also, when builders compete, buyers benefit. Builders are now offering thousands of dollars in incentives and attractive financing options to earn your business.
Warrantees
New homes carry better and better new home warranties. Options are available include:
- specific warrantees by individual builders
- third-party limited insured warranties against major structural defects
- appliance warranties
Better Products
Up-to-date technology in construction, frequent and timely inspections, and features that reflect consumers' changing needs are showcased in new home construction.
Energy Efficiency
New construction needs to adhere to stricter energy codes. Your new home will cost less to heat in the winter, less to cool in the summer.
Site Selection
You get to choose the lot. Do you want to be near a lake, on a cul de sac?
Designed for You!
Builders of new homes offer a variety of functional floor plans to fit your unique requirements. You may be able to eliminate or add rooms, upgrade materials, include additional architectural details, and generally customize the home.
More space!
New homes typically offer greater square footage, more bathrooms, larger garages, and greater storage space than existing ones.
Choice of Finishes
A new home is new. It's yours and no one else has ever laid claim to it or lived in it. You get to choose the carpet styles and colors, tile, cabinet stains, wall coverings, appliance colors, lighting fixtures, exterior color, and more.
Lower Maintenance Costs
You'll be far less likely to worry, "How long until THIS breaks down?" The answer is simple: much longer when you're the first to use everything.
Ultimately, what you decide to buy is an individual choice. Whether you buy new construction or a pre-owned property, it's hard to go wrong. In the end, it's all the same: you've bought a home that is to your liking....
Before making an offer on a home, consider getting pre-approved: it’s the fastest way to get answers to these questions:
- How much can I afford?
- How much cash do I need?
- How much will my monthly payment be?
You learn how to structure your offer to minimize your cash requirement. Everybody should get pre-approved. It only takes a few minutes and it’s free. Simply answer a few questions and you'll soon be on your way to homeownership!
If you have a question about the pre-approval process, call Charley Farley at (603) 471-9300 or e-mail charley.farley@weloannh.com.
Compass Mortgage Inc. - 172 Route 101 - Bedford, NH 03110-5416
Office Phone: (603) 471-9300
Fax: (603) 472-8811
Toll Free Phone: (877) 211-5300
Homebuying Made Easy®
Licensed by the New Hampshire Banking Department.
Equal Housing Lender | Member, New Hampshire Association of Realtors® | Member, Mortgage Bankers and Brokers Association of New Hampshire | Member, National Association of Mortgage Brokers (NAMB) | Federal Housing Commissioner Approved Lending Institution (HUD) | Agent, US Department of Veterans Affairs Home Loan Guaranty Services
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