If you are in the market to buy a home, whether you are moving up or a first-time buyer, there are many advantages in buying or building a new home in today's market.
When you buy new construction you can often pick your lot, floor plan, and builder. You get to select all the colors and finishes that work best for you. Depending on the builder, development, and price point you can put your money into the special features that mean the most to you.
More recent building codes mandate higher energy-efficiency standards. This means you can rest assured your new home will be more efficient than homes that are several years older. In 2009 the International Energy Conservation Code came out requiring approximately 17% more efficiency than just three years earlier. You may also opt for materials that surpass the level of efficiency required for even more energy savings! Your new appliances can significantly reduce your utility bills and your carbon footprint.
New translates to a longer time frame before systems and appliances will require repair or replacement. Also, new means a clean slate for proper care and maintenance. Knowing it is unlikely that a major repair or replacement expenditure is right around the corner will help you relax and enjoy your new home even more!
In Hennepin County Minnesota a builder must provide a 1-year warranty on the entire home a 2-year warranty on all of the systems and a 10-year warranty for the structure. The entire statute is available on the Minnesota gov website.
Many builders use much safer materials than ever before in their new construction projects. It is common for builders to use flame retardant carpeting, insulation, sheet rock and doors as well as a radon mitigation system. It is also required that they have hard-wired smoke and carbon monoxide detectors with battery back-ups.
With a new home, you know the quality of the materials that were used. You also know your systems and appliances and the warranty that backs up their quality. You know what you have and how to best maintain it for long life and good service.
Imagine controlling the lights in every room and setting your heat or air conditioning remotely from your smartphone or tablet. Or managing your security system or media options from another location! The technology available today for new homes is incredible. The "smart home" concept is being embraced now more than ever. Many features can now be controlled wirelessly by "apps" These new features help ensure safety and efficiency, make your home significantly more comfortable, and may even reduce your homeowners insurance.
You can avoid lingering odors and potential mold problems. While funky smells will be detectable, mold can often hide in the walls and heating ducts of older houses. You can expect clean air and comfortable moisture levels with a properly designed, constructed and controlled building. This is an especially appealing benefit if a family member suffers from allergies or asthma.
When a new subdivision is created it is common that the homes sell to similar demographics (often families with younger children) and that these families stay in the home for many years. Because everyone is moving in at the same time and is often at similar stages in life, friendships and bonds are formed early on and typically last a lifetime.
Many developers are building pools, walking trails, sport courts, playgrounds and sometimes even a club house. It's often a "community within the community" offering easy opportunities for residents to get to know their neighbors.
Knowing that nothing in your new home has ever been used is a huge benefit to some. You will never have to wonder how someone else treated your home or repaired your home or what they may have covered up in order to re-sell it. You can design it, customize it and care for it exactly the way you want to.
Twin Cities Home Sellers Doing the Happy Dance Market snapshot: This is a very difficult market for buyers, especially in the lower price tiers as the theme of low inventory coupled with high demand endures. As inventory levels continue to shrink, ... Read More