There are many advantages to buying a new home – more than you might think. Yes, there is the comfort of everything new and knowing you are the first to walk within its walls and sleep under its roof. But with that comes a substantial amount of savings.
And that’s not even taking into consideration the current housing shortage in the resale market that’s leading to bidding wars and a lack of leverage as far as the buyer is concerned. These days it’s not uncommon for sales to occur with no contingencies; even on the appraisal where the buyer is expected to pay the difference.
Below are other advantages of buying new that leads to a larger pocket book over the long term.
New Means Efficient…and Better for the Environment
With your new home comes new appliances. New appliances you get to choose that you won’t have to worry about replacing anytime in the near future. Newer appliances are also much more energy-efficient as appliance manufacturers have realized how protecting the environment is a good marketing strategy to today’s consumers.
Even your home itself is more energy-efficient with better quality windows, insulation, water heaters, and state-of-the-art thermostat controls that means less utility costs overall.
Your new home will come with a limited home warranty. That means you won’t have to worry about a leaky roof or your air conditioner dying out the moment you walk through that door – the types of surprises that lead to expensive repairs.
Today, if you buy on the resale market, it’s almost guaranteed you will be responsible for all your loan closing costs and title fees. But if you buy new, many of the builder’s lenders will pay a large portion, if not all the costs associated with the purchase. We’re talking about thousands of dollars saved on out-of-pocket costs that are normally over and above your down payment.
Unique to You
One of the most exciting experiences of buying a new home is that trip to the design center to pick out appliances, flooring and other options. The bottom line is you get to move into a home that’s catered to your tastes from day one. That means less time and money spent on redecorating and renovating.
There are currently over 260 new neighborhoods in development around Las Vegas and no shortage of inventory in this market. Contact us today to see which neighborhood is best for you.