Home Building Process

Benefits of New Construction
Savings and Value

Modern Floor Plan

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If you opt for a new construction home, you’ll work with the contractor to create a traditional or modern layout that works for your life. If you’ve always dreamed of a formal dining room for family gatherings, it’s yours. If you’re buying pre-built new construction, chances are good the layout will lean to modern, with wide-open floor plans. Kitchens flow into family rooms so you can cook and oversee homework or watch the game. Rooms in new construction homes – especially bedrooms and bathrooms – tend to be larger and brighter, with lots of natural light.

Low Maintenance/Zero Replacement Cost/Warranties

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A newly built home requires less maintenance since everything from appliances to the HVAC system and roof are brand new. This means you can better predict monthly homeownership costs, since you’ll likely spend less to maintain your home. Warranties can protect your new home for years before you need to undertake any major repairs. The replacement cost for a used home could easily be 10,000 to 20,000 over the course of ten years.

The Personal Touch

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Even if you’re not opting for a custom home, you may be able to upgrade finishes from builder-grade materials if you connect with the builder before construction is completed. It may cost you a bit more, but adding your own personal touches may be worth it to you.

Lower Utility Bills

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New appliances and home systems are more energy efficient. Plus more efficient insulation and windows create buttoned up homes that are less expensive to heat and cool than older models. All of that translates into lower utility bills.

Better Resale Value

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A newer home will sell faster and at a higher amount than a home that is 10, 25 or 20 years older.

Timing and Less Stress

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The median time to complete new construction – five months for single-family homes – lets you feel less rushed than scrambling with other buyers for an existing home.

Smart, Safe and Healthy

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“Smart” technology options allow you to automate internet, cable, speakers and even an alarm system. And new homes often use low- and zero-VOC (volatile organic compound) paints and building materials, improving indoor air quality. And being built according to the most current building codes means your electrical systems will be the most modern and much safer than homes built 10, 15 or 20 years ago.

Improved Amenities

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Buying new construction often means buying a lifestyle. Master or planned communities often include amenities like parks and community spaces that are close to schools and transit. The key is finding a builder who offers what you care about.

Better Financing

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Builders generally work with mortgage finance companies and are able to negotiate financing discounts based on volume which results in buyers receiving reduced closing costs at settlement. Also mortgage finance companies are willing to go the extra mile for a new construction buyer in order to obtain financing.

TYPICAL REPLACEMENT COSTS OF AN EXISTING HOMES


HVAC


15 to and 20 year life expectancy for compressor and furnace. The combined replacement cost for each can exceed $8,000. Your new HVAC equipment is designed to today's more stringent quality and efficiency requirements and will stand the test of time. 

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Exterior Painting

The only way you get to choose the color of a resale home is to find the color and then buy the house. With a new construction home you choose any color (ALMOST!) to repaint an existing home could exceed $5,000 assuming there is no major work required for the home to be properly painted.

Roof

The average roof lasts around 25 years and the typical replacement cost approached $5,000.

Flooring/Carpeting/LVT/Hardwood

Today's days flooring materials are made much better than they were just ten years ago. Replacing flooring can start at a few thousand and easily easily exceed 10,000. 

Kitchen and Bath Remodels

The sky is the limit but a minimum of $20,000 would need to be spent to modernize your baths and kitchen.

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