Houses: 10 Mistakes that Most People Make

Why Buy a Newly Constructed House? The choices that mortgage house hunters are faced with is either buying a previously owned home or a foreclosed one, or buying a brand new home which is much more expensive when it comes to dealing with it per square foot. These two sets have various selling pointsthat we can glean at, in hope to win you over into settling for a brand new one if the priority is to actually have a place where you want to comfortably settle down for good. In the case of a pre-owned home, we can find two selling points. Pre owned homes are cheaper and so you have a lower monthly amortization. But this cost does not include other expenditures which you might have to make whenever things go wrong or things get damaged. The other selling point is to disregard the house but dwell on the value of the property which is a good real estate investment in the long haul. If you really want to settle down comfortably, then choosing a newly constructed home has a lot of selling points that we often overlook because we are only thinking about how expensive the down payment is and the high amortization cost.
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One of the selling points of a brand new home is the flexibility you have in choosing the layout, the color, the type of flooring, and other things when it comes to design. Participation of buyers in the process of designing the new house is oftentimes allowed by the home builders. This cannot be so in a used house because the process will involve demolishing the existing one then constructing a new arrangement which is limited to the structural patterns of the old house.
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Energy efficient standards are required by building codes of today. A regulatory code which must be adhered to because of today’s higher energy risk. So now newly constructed homes have to use energy efficient insulations, doors and windows like the ones with double, triple or quadruple panes which were unheard of before since energy was cheap and abundant and could provide homes with warmth during winters and cool air during summer. The HVAC designs of today are also made to help reduce utility bills. This also means that new homes have to install high efficiency stoves, refrigerators, washing machines, water heaters compare to homes that were built years ago. A new home has fewer and more minor repairs and they have warranties so there is no need to spend on anything until after a year or two. Another advantage of buying a new home is that you can have mortgage financing perks that home builder give in order to sell as many homes as they can.