The Advantages of New Construction
Why Buy A New Construction Home?
A home is more than just a structure where people take up residency. Owning a home means freedom, financial independence and security. For many, owning a home brings a feeling of success and the knowledge that they’ve obtained their own bit in the American dream. And of course, a home — according to Dorothy as well as millions of home owners — well, there’s no place quite like it.
In addition to all the benefits of being a home owner, new homes offer safety, amenities, energy efficiency and a lifestyle like never before.
“The advantages of today’s new homes are unparalleled,” said Darshan S. Grewal, president of the Home Builders Association of Southeastern Michigan, of Singh Development, LLC. “Breakthrough technology has brought safety and energy efficiency in homes to a new level, and for conveniences and amenities, it’s hard to beat a new home.”
Technology Brings Safety to the Forefront
Technological advances mean that today’s homes are safer, because new homes take advantage of breakthroughs in building science. For example, hard-wired and interconnected smoke alarms bring a new level of fire safety to new homes. If one alarm goes off in the garage, they will all go off, giving your family ample time to get to safety. New fire-resistant construction materials, such as better electrical wiring, mean less chance of a dangerous electrical fire. Tempered glass, now found in many patio doors and windows, means less chance of an injury should one break.
New Homes: Greener an d More Energy Efficient
NAHB launched the National Green Building Program so that any home buyer anywhere can have a green home. Your home builder can choose from an ever-expanding array of products and materials to make a house more energy-, water- and resourceefficient. Check out the resources at www.nahbgreen.org. Many builders also participate in programs like ENERGY STAR®, promoting energy-efficient appliances, and WaterSense®, promoting water efficiency. As more and more consumers ask for green homes, builders also respond by returning to age-old practices, like placing a home on a lot to take the best advantage of sunlight and shade. Recent innovations like solar shingles (not just solar roof panels), tankless water heaters, light-conserving windows, and insulation made from recycled materials are also changing the market.
New Homes Offer Home Buyers Their Choice of Lifestyles
Today’s new homes offer more of what buyers want. Because of increased demands for larger socializing spaces in the home, larger kitchens are becoming more common. New homes also feature more bathrooms and more storage space. Consumers are seeking greater ceiling heights, walk-in showers with multiple heads, threecar garages and outdoor entertainment spaces with fireplaces and grills. And builders are responding with new homes that provide these features.
So why do Americans like new homes? The answer lies in choice.
People want to be able to personalize their home with their own tile, flooring and appliance choices. In a new home, the consumer can select virtually everything down to the knobs on their kitchen cabinets. It’s all part of the American Dream.
Is Buying A Home In Today’s Economy A Good Idea?
As a long-term investment, homeownership is still one of the best investments for individual households. “Why” you may ask? After all, the headlines say the housing market is down and out, with defaults rising at an alarming rate, and mortgage markets so frozen that buyers can’t get a home loan at any price. What buyers need to realize is that housing markets, like all markets, inevitably have their ups and downs. And homeownership has a track record that is virtually unmatched by any other purchase in terms of its real benefits.
Despite the turmoil in mortgage lending, if you have good credit, a job and steady income, you will find there is still plenty of mortgage credit to be had at good rates. For well-qualified buyers, rates are running at near historical lows.
The smartest and safest time to buy is now. We know that interest rates are low today. We know that home prices are down. We know that there are plenty of homes on the market to choose from. We know that sellers are willing to bargain. And we know that builders are willing to offer attractive incentives to get your business.