One of the most important decisions you can ever make is purchasing a home for yourself and your family. However, deciding on whether to buy new construction or a resale home can be contentious, considering both have their pros and cons.
At Covington Homes, we believe a home is a special place and where the heart is. We invest in our community in Colorado by building high-quality, well-thought-out, exceptionally executed, and well-planned homes and selling them at a higher price.
We're committed to providing exceptional customer service to promptly address all of our client's concerns. We strive to make you feel comfortable in our community.
Buying a home in Colorado can feel overwhelming. To yelp make this process easier we have laid out some insights on the pros and cons of new construction homes. We hope this will help our buyers make the decisions necessary to purchase the home of their dreams.
The Pros of Buying New Construction Home
Buying new construction homes has several advantages that highly make them appealing. These pros include:
Low Maintenance
Buying a new construction home in Colorado ensure it is built using the most recent building codes and safety regulations, giving you peace of mind. In addition, the houses require little maintenance considering how many of the components and fittings are new.
Energy Efficient
Modern construction homes use advanced technologies to optimize energy efficiency, considerably lowering utility bills. Besides, third-party home energy raters certify our new construction homes to ensure they meet specific energy standards.
Customizable
Buying a newly built home gives you a clean slate allowing you to customize it as you see fit depending on your lifestyle, preference, and personality. New construction homes enable you to display your creativity, change your home layout and express yourself through finishes that reflect your tastes.
Extra Clean
The most significant benefit of buying a new construction house is that everything is sparkling clean, considering you are the first person to live there.
The Cons of Buying New Construction Home
When interested in purchasing a newly constructed home in Colorado, consider the following disadvantages:
Higher Cost
New constructions have higher upfront costs than resale houses. Buying a new home can costs up to 20% more than buying an existing home. However, the cost of a new place might vary depending on its location, model, and price range in the market. This can also be offset by the money saved with a new construction home since maintenance costs and repair fees will be minimal with a new construction home.
Decision Fatigue
Personalizing your new house is overwhelming because there are so many possibilities for customization. If you don't know anything about designing houses, it may be challenging to choose from them. Sometimes when buying a new construction home, you might also not get total control over the layout and design. Home developers provide you with a list of design options, and you are not allowed to deviate from the options.
Off-gassing
New construction homes have a "new home scent" that reduces with time and eventually disappears. This smell results from volatile organic compounds emitted by the building materials used to construct the home. Less exposure to these chemicals avoids health issues.
Limited Negotiation Power
Buying a new house may not be advantageous because the builder and seller usually offer limited negotiating margins to maximize their profit margin. In addition, some new home sellers quote exorbitant prices making some homes unaffordable to many people.
Ready for That Dream Home in A Good Community - Contact Covington Homes Today
The pros and cons give you insights into buying a new construction home. Your moving timeline, budget, and personal preference determine whether purchasing a new construction home is viable.
Are you ready for a dream home in a decent community in Colorado? Covington Homes offers outstanding and well-built homes that generation-to-generation can pass down. We are known for our experience, craftsmanship, and high-quality, durable homes. Contact us to start your home ownership journey.
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