One of the biggest booming industries right now is real estate. Because everyone stayed home during quarantine, they suddenly realized what they liked and didn't like about their existing home, which made a lot of people want to move. Because of that, people are able to sell their homes for a lot more money, and the building industry has taken off. If you are wanting a different home but you are debating between building a new home or buying an existing one, there may be a few benefits of buying a new home that you may want to know about.
If you lock in a build price on a home, and then the value increases while you are building, you will have instant equity when you move in. And, what's better than that? Depending on the area of the country that you live in, your equity could be a couple hundred thousand dollars by the time you go to close, which is a substantial amount for you and your family to have right off the bat.
If you get in with a builder of a home before they have made design choices, then you will get to go to what is called a design center and pick out all of your finishes and make any custom changes that the builder allows. Because the building industry is booming right now, some builders won't allow you to make too many custom changes because they are already too slammed. Common things that you can expect to get to choose at the design center include:
- Cabinet color
- Kitchen and bathroom hardware
- Tile choices
- Flooring throughout the home
- Paint colors
- Light fixtures
- Exterior door color
The best thing about getting to choose everything is that, when you move in, your house will be exactly how you envisioned it, which means that you won't have to make any changes at all unless you want to.
If you have lived in older homes in the past, then you know exactly how stressful it can be when you are faced with surprises regarding basic things like your plumbing and electrical. Although the thought of buying an old home and fixing it up can be really exciting, a lot of homeowners don't realize just how many expensive surprises they may run into. One of the biggest benefits of buying a new house (and one that not many think about) is that you shouldn't have any of those nasty surprises because everything is already brand-new.
As you can see, there are many benefits of building a new home. To learn more, reach out to a real estate agent near you.