Top 10 Reasons Buyers Prefer New Homes over Resale Homes
I work with buyers of both resale and new build homes. Every buyer has their preferences and whatever their preferences are, I will help them find it!!
Today in the Phoenix area, new home sales are exploding!! Every corner that's been dirt for the past 40 years I've lived here, seems to have new home construction going on. The allure of moving into a new home where no one's dusty shoes (vs. muddy shoes as we live in the desert!) has touched the floors is strong!
Today's new homes offer more benefits than ever before and with new build homes being the majority of our inventory these days, I wanted to share the Top 10 reasons why so many home buyers prefer new homes:
1) Pick your own appointments: Why settle for someone else's choices when you can select your favorite cabinets, countertops, appliances, carpets and flooring? While you're at it, you can choose gorgeous bath and kitchen fixtures, lighting and other options that you love. Your new home will reflect your style from the day you move in!
2) Find the right floor plan without driving all over town: Every family has a general idea of the perfect layout of their new home ... master bedroom on the first floor? massive his and her's walk-in closets? loft for the kids playroom? kitchen open to the family room? tons of storage space? With some builders erecting 10 - 20 different floor plan models all on the same street, it's super convenient for buyers to find what they want simply by walking house to house!
3) All new, under warranty: While most sellers of a resale home will offer home warranty coverage for the first year of ownership, the products in a new build will feature the latest designs and building materials and will be under warranty between 2 - 10 years!
4) Energy and cost savings: Today's new homes are far more energy efficient than homes built just five years ago. Why settle for drafty, energy-wasting single-pane windows in a used home? Many new homes offer double or even triple-pane windows. Special window coatings and inert gases between the layers of glass are often available, saving you even more energy and money in both the heating and cooling season.
5) Comfort and indoor air quality: Today's new homes meet stringent energy standards and building codes not in place in the past. They combine high-performance energy efficiency with state-of-the-art ventilation and air filtration. The result is year-round, draft-free comfort and higher indoor air quality.
6) Low maintenance: New cars today are computer-designed and computer-equipped. That's why they perform much more reliably than an older model car. Homes are the same. Today's new homes are made of cutting-edge building products that require less care and less maintenance.
7) Community amenities: Builders keep trying to "one up" each other with their lavish master-planned communities offering resort-style community centers, water-park style pools and H-U-G-E clubhouses with rock climbing walls, classrooms, movie theaters, cafes and snack bars and free babysitting centers! Many new home communities also feature hiking trails, fishing lakes, new community schools, restaurants and even shopping centers!
8) Advanced technology and design: It's possible to replace single-pane windows in a resale home with today's high-performance windows. It's also possible to add additional insulation to a used home. You can even replace dated appliances, cabinets and countertops in a used home — but at what cost of both time and money?! It would be easier to just buy new so you can begin enjoying your new home from the day you move in!
9) Safety: New homes will include the latest technology and state-of-the-art products: remote controlled electric garage door openers, high-efficiency furnaces and air conditioners that use the latest environmentally-friendly coolants, cabinets with self-closing drawers, carpets and paints that use fewer volatile organic compounds, and more.
10) That new home feel: There's nothing like walking into your new dream home to see how everything came together that you chose - the flooring, cabinets, door style, paint colors, hardware, bath fixtures and more! New homes offer the latest designs, style, comfort and quality ... and you got to choose it all!
There are still many buyers who look forward to the before and after results of digging into an older home to make it their dream home, but if you agree want a new home which offers these Top 10 reasons, call me to help you find your new build dream home!! There are so many moving parts along the way to ensure you'll be thrilled with the final product ... and I will be there guilding you every step of the way!!
Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep...
Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.
Stay up to date. When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.
Pictures can be deceiving. Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.
See it to believe it. Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.
Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best...
Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying a home?
Closing costs. Your closing costs are determined by a variety of factors, but you can expect it to be between 2% to 5% of the purchase price. Ask the seller to cover some or all of the closing costs upfront or request a closing credit that can be used to make specific updates and fixes to the home.
Furnishings. Love how the seller has furnished and decorated the home? Buyers often negotiate keeping couches, fixtures, landscaping items, patio furniture, appliances, and more. And many sellers agree, wanting to make the home more appealing.
Inspection and closing timing. Buyer offers that include a quick inspection and close timeline are often more attractive to sellers who have been going through the process for far too long. Just ensure you allow yourself ample time to get your financing in place and complete proper, thorough inspections.
Home warranty. Sellers will often agree to pay the premium on the home warranty at closing and then hand it off to the new homeowner, who is responsible for the deductible on any future claims.
Repairs. Your inspection may uncover small or large repairs needed to bring the home up to standard. You can negotiate to have these items fixed before closing or ask for a price reduction to cover the costs.
Refinancing your mortgage is something most homeowners consider at least once throughout the lifespan of their home loan. It allows you to pay off your previous loan by applying for a new one that has...
Refinancing your mortgage is something most homeowners consider at least once throughout the lifespan of their home loan. It allows you to pay off your previous loan by applying for a new one that has better financial advantages. While there are many good reasons to refinance, here are five common ones.
Scoring a lower interest rate. The number one reason homeowners decide to refinance is to secure a lower interest rate on their mortgage. Not only does this save you money in the long run and decrease your monthly payment, but you can start building equity in your home sooner.
Using an improved credit score. Even if interest rates have not dropped in the market, if you’ve improved your credit score over the last few years, you may be able to reduce your mortgage rate.
Shortening the loan’s term. If interest rates are decreasing, there is a chance you may be able to get a shorter loan term with little to no change in your monthly payment, allowing you to pay off your loan sooner.
Switching from an adjustable rate to a fixed rate. If you chose an adjustable-rate mortgage with great introductory rates when you initially financed your home, that rate may increase significantly over the years. By switching to a fixed rate while interest rates are low, you can protect yourself from future increases.
Cashing out home equity. If there is a big purchase or payment on the horizon, such as funding a wedding or going back to school, your best option may be to use the equity you’ve built in your home to borrow money at a lower cost.
When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision...
When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.
Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.
Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.
Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.
Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.
Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.
Is there a home maintenance project that’s been lingering on your to-do list for too long because you’re dreading the trip to the hardware or craft store? There are some projects you can tackle...
Is there a home maintenance project that’s been lingering on your to-do list for too long because you’re dreading the trip to the hardware or craft store? There are some projects you can tackle with items that are almost certainly already in your home.
Vinegar: There’s probably a jug of vinegar in your pantry right now. You can soak items in vinegar to remove mineral deposits (like in a clogged showerhead), and you can boil vinegar in your microwave to remove odors and make it easier to clean.
Cola: A can of Coke or Pepsi can be used to clean many surfaces, including your glass windows, porcelain toilet, or chrome fixtures. Just do some research before using it on metal surfaces, as it can be corrosive.
Baking soda: This item may actually be more useful for applications other than baking. A baking soda-vinegar paste is great for cleaning bathrooms and kitchens. Baking soda can also be used to absorb odors.
Butter knife: Screwdrivers are easy to misplace. If can’t find a screwdriver when you need one, a butter knife—preferably an older one that you no longer need for table setting—is pretty effective for both Phillips- and flat-head screws.
Toothpaste: Is there an unsightly scratch on your car or bike? The grit in tarter-control toothpastes makes for an effective scratch remover. Clean the scratch, apply some toothpaste, let it sit for a few minutes, and then buff it out with paper towel.