1. Low Interest Rates – Rates are hovering just under 4 percent for a 30-year fixed mortgage for those with stable income and good credit. If you’re planning to stay in the home you buy for a few years, now is a great time to buy new.
2.Low Maintenance – After all, since new homes are brand-new, the headaches that come with the maintenance on an older home simply don’t exist yet – and won’t for a while.
3. SAVE money – Consider that mortgage interest and real estate taxes are deductible on income tax returns, and that there are more choices than ever when it comes to financing options
4. Custom for you – New homes also have more design-from-the-ground-up options, with a dazzling array of amenities.
5. Warranties – New homes come with a builder warranty that covers workmanship, materials, structure and mechanical systems as well as manufacturer’s warranties on carpeting, heating and cooling systems, roofing materials and appliances. If something needs repair or replacement in the first year it’s probably covered.
6. Energy Efficiency – New homes are built in compliance with new energy conscious building codes. Advanced heating and cooling systems, improved windows and insulation techniques reduce energy costs. New homes consume about half as much energy as a home built prior to 1980.
7. Safety Features – New homes are built in compliance with the latest mandated safety codes. Emergency egress, smoke and carbon monoxide detectors, safety glass and superior wiring greatly reduce the chances of serious injury.
8. Floor Plans – New homes have improved room and “flow” designs to accommodate the way we live today. More windows, open space, closets and storage areas, numerous bathrooms and larger kitchens and garages help to create a sanctuary for everyone in the family to enjoy.
9. Modern Amenities – New homes offer the latest technologies that will pamper you, save you time and even make you a better cook! All are designed to make life a little simpler and more enjoyable.
10. Appreciation – Most real estate professionals tend to agree that the first seven to eight years in the life of a home are the years with the greatest appreciation. It is during this time that a home has the most appeal to those looking for a used home. The demand for a “newer” home drives demand and results in higher values.