Buying any type of property is exciting when it’s your first one, but that excitement can sometimes give way to regret. In some cases, first-time buyers end up regretting their decision because of what comes after they move in. Dealing with extensive and expensive unexpected repairs can put a dampener on the enthusiasm that the first-time buyers felt when they first walked through the front door.
One way first-time buyers can navigate these potential pitfalls is to buy a new-build home, rather than an existing property. This strategy is becoming increasingly popular due to the wide range of benefits it offers, as we’ll see below.
They’re Move-In Ready
Moving into a new home can be time-consuming and energy-intensive. Once you finally land, you’d ideally begin enjoying your new property straight away. However, if you buy an existing property, then that’s not always possible. You might need to renovate, rewire, or give the space a few fresh licks of paint. In some cases, it can take months — or even longer — until the house feels like yours.
Buying a new property helps to avoid those issues. Since they’re move-in ready, you can simply arrive, unpack, and begin living as soon as possible.
They Can Be Highly Energy Efficient
Most first-time buyers are Millennials in their early thirties, and that’s also the age bracket that cares most about the environment. As such, they prefer to live in homes that are as energy efficient as possible.
And of course, everyone prefers to live in homes with lower energy bills. New construction homes are built with smart energy features that reduce the property’s carbon footprint, helping to save the planet and save the homeowner money. In your new-build property, you might find highly efficient gas furnaces, water heaters, and appliances, as well as programmable thermostats and extensive insulation. This can lead to much greater energy savings compared with older homes, which nearly always have outdated installations.
There Are No Nasty Surprises
When you buy a new property, you can be reasonably confident that what you see is what you get, especially if you’ve bought from an experienced home builder. The same can’t always be said of older homes, which might require repair work soon after you move in. Even if the home inspection raised no flags, it’s just a fact that older structures are more likely to have structural or roof issues. That can amount to a pretty nasty — and expensive — surprise that replaces the joy that you should be feeling with stress.
Peace of Mind Warranties
Buying a property is a big step, and it’s not a decision that first-time buyers take lightly. When you decide to take the plunge, you’ll want to be confident that you won’t later come to regret it. While there are no guarantees, knowing that you have the power of a five-year warranty behind you can help to allay some of those anxieties. Good home builderd offer extensive warranties to demonstrate that you’re buying quality, which is something that doesn’t happen with older homes.
