With today’s real estate market in shambles, buying new homes offers more benefits than ever. Here’s why your new house can fulfill your dreams, for less.
Buying a new home is a daunting task under any circumstances, but buying a home in this economy can be downright frightening. The process can be quite intimidating, especially if you don’t know if you want an older home or a new home. New homes are a great investment, even during an economic downturn. Many builders are selling homes for pennies on the dollar, just to break even. Add this to the fact that many builders are offering free upgrades, and it’s a win-win situation for both the buyer and the seller. The builder avoids foreclosure on the property, and the buyer can customize to his heart’s content.
An example of how you can benefit is when the builder offers to pay your closing costs. Closing costs can take a chunk out of your budget, money that could be better used in customizing your home. It also keeps you from having to worry about multiple checks on closing day.
Homes should feel like they convey a ‘theme’ – be consistent in nature from entry to exit. When you walk into a well proportioned, well presented, well decorated home you feel a sense of beauty and as if everything belongs. It’s relaxing, not busy. Peaceful, not conflicting.
A good interior designer will assist you in tying all of your likes together, and help you create a home that acts as a canvas for you to throw your personality on. It’s often said that safe, neutral colours are perfect as the canvass which then allow you to add vibrant colours by way of art, vases and knickknacks. A good example of this is a nice lounge suite, perhaps brown in colour that has red cushions on it, bringing the furniture to life.
Although the tax credit for buying a home expired in September, new homes will easily qualify you for the energy efficiency credit. Older homes would need new appliances, windows, air conditioning units, etc. to qualify. There may be other tax credits available to you, so check with your tax specialist for details.
The best advantage of building is picking out your lot. Some lots have a higher price tag, but builders are sometimes willing to waive the extra cost just to get rid of the lot. Bargain with your builder, as it is most definitely a buyer’s market.
We recommend that you get quotes from 2 – 3 builders before choosing the one that will work for you. Ask them for a list of past customers that you can call and find out how punctual the builder was, if the price changed & how well they cleaned up after the job was done.
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