When you’re ready to buy a home, you have basically just two choices: resale or new construction. For most of us, the knee-jerk reaction is to opt for the resale home because we think it will be cheaper. Maybe it will be – but, then again, maybe it will cost more in the long run. Sometimes, then, it’s a tough decision, but a good real estate agent can help you make the right choice for you.
Helping home buyers buying new construction is something we specialize in and we have the numbers to prove it!
If you’re already leaning toward new, keep in mind that a builder’s rep is working for the builder, but your agent is working for you, helping you get the best deal. But before getting into that, let’s look at the benefits of buying new construction in Broadview Heights.
1. Customization Possibilities
Buying new construction in Broadview Heights, unlike buying an older resale home, offers you some customization possibilities if the home is still in the construction stage. If going custom, you can decide where the bathrooms will go and the kind of flooring you’ll get. Basically, you’ll have more flexibility and will be able to have some input into the final product – rather than just having to accept what is already there.
If you are going with a larger home builder your options may be limited but the process will be more organized and streamlined to build the home in less time. With a production built home, you will be provided specific options and materials you can choose from which many new construction buyers find convenient.
2. Energy Efficiency
With respect to energy efficiency, building codes have grown progressively more stringent over the last few years. You can be pretty certain, then, that buying new construction will save you a significant amount of money on utility bills. In fact, new construction that conforms to the most recent International Energy Conservation Code are 17% more energy-efficient than homes built before the latest code. These new homes are more tightly sealed, they have energy-efficient doors and windows, and they usually have energy-efficient “green” appliances.
3. Far Fewer Repairs
Buying new construction in Broadview Heights also means that you won’t have to sink a bunch of money into repairs – as is often the case with resale homes even after inspections. Everything is new so you won’t have to make major plumbing repairs or replace the roof or HVAC unit, and you won’t have to worry about painting for several years. Just be aware that builders do sometimes cut corners, but your agent can be a big help here. To find out more just call (440) 628-1321.
4. Less Need for Maintenance
Similarly, new homes, because they are brand new, will need less maintenance. Wiring and plumbing, trim and siding, appliances, and fixtures – they are all newly run, hung, and installed. So, barring manufacturers defects, these shouldn’t need any repairs or painting or looking after for a good long while.
Buying new construction means that you can simply enjoy your new home for several years without any maintenance hassles. Other than minor monitoring or maintenance you will do very little to your new home for the first five to seven years. Repainting and caulking will likely be your biggest tasks.
5. Warranty Peace of Mind
New construction homes often come with at least a year’s builder’s warranty covering the entire home. So if anything major goes wrong during the warranty period, the builder will have to take care of it. As a new construction home buyer, you should expect your home to shrink and expand in the first year. During year one expect to have your builder doing some paint and drywall touch-ups during the 1-year warranty.
Also, an extended but limited warranty is often available as well. But do make sure you have your agent check into this so that you’ll know exactly what the warranty covers. You don’t want any surprises here after the fact.
6. Better Financing Options
Better financing terms may be available through builder financing. Larger builders often have their own mortgage companies and can finance the purchase. Just keep in mind that most incentives they may offer will be tied to using their mortgage company. They may even pay closing costs. Their primary business, after all, is building and selling homes, not financing them. So why do big builders also try to get you with their financing options? Simply to have more control of the process and have more confidence you will close on the home on time.
Why You Need an Agent for Buying New Construction in Broadview Heights
So there are some significant benefits to owning new construction in Broadview Heights. The trick to realizing all these benefits, though, is having a qualified real estate agent, who fully understands home building, in your corner. Be cautious because many licensed agents are not familiar with new construction nor understanding the difference between production built and custom-built homes. The process is quite different and the amount of time that will be required from you can vary.
Your agent or what I like to refer to as a new construction expert will be working to secure the best deal for you, make you think of things you likely wouldn’t consider, and your agent’s fee won’t be secretly figured into the sale price. You will know exactly how much you’re paying and what you’re paying for.