By Sammi Foss
When the time comes to buy your first house, one of the first things you may contemplate is whether you should buy an existing home or go with new construction. There are many positives when you decide to build a new home! A few of these benefits include saving money on hidden additional costs that renovating a home can bring, customizing every aspect of your home, and the guarantee of new energy building materials throughout your home. Whether you are a first-time home buyer or you’re looking to expand your family and need more space, building a new home may be your best option.
Many first-time home buyers believe that renovating an existing home can save them money compared to building a new home. But the reality is, you have to continue living in the home throughout the renovations and there’s a possibility you’ll encounter many underlying issues when you begin renovating. Whether you want to add a second story and struggle with getting the proper permits or you want to move walls and encounter a larger foundation issue, there will be additional expenses with any renovation project.
Building a new home means not having to stress about the surprise costs of owning an older home such as replacing the roof or air conditioning unit. Also, a new home comes with a home warranty, so if something goes wrong, it’s covered. Plus, you won’t have to live through the dust and noise that comes with renovating your home.
When buying a pre-existing home in hopes of renovating it to match every single detail of your dream home, you have to keep in mind the costs of renovations on an older home. If you decide to sell a few years down the road, you may lose money on the luxurious renovations you made to create your dream home.
When you build a new home, you’re able to pick a floor plan that fits you and your family’s lifestyle along with all the design details that go into the interior. Making these selections throughout the building process ensures you’re able to move right into your dream home and won’t have to worry about remodeling any part of it.
One important thing to remember is that when you build a new home, it will be more energy efficient. Between new appliances and new energy codes, you will have the most up-to-date technology on the market. New energy codes are very important to consider when deciding to buy an existing home or building new. They include items such as higher insulation and air filtration standards. You probably won’t see these high standards in a pre-existing home which will cost you additional money in upgrades. Not only are these energy efficient appliances and new codes great for the environment, they will eventually save you money on many of your monthly bills.
When you make the decision to build a new home, elements that matter most to your family like floor plan and design, will probably come to mind first. With an existing home, you may not have the chance to truly design your home to fit your lifestyle. At Dream Finders Homes, we’re dedicated to building and designing homes with you in mind. And, because you have the chance to personalize your home to fit your needs with our dozens of floor plans, we’re sure we can help you create your dream home in no time. If you’d like to start building your new dream home, contact us here!