The Vanacore Homes Blog
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Why Buying a New Home Makes Sense
New vs. Used
There are many reasons why home buyers often prefer to buy a used home without considering the many benefits of buying new and the many pitfalls of buying used. The following represents a few of the more obvious benefits of buying a newly constructed home.
A newly constructed home is virtually always the best option for energy savings. National code standards for energy efficiency are much tougher than just a few years back. This can mean substantial savings on your energy bill. Most new homes have energy certifications covering walls, roofs, windows, doors and even appliances
Retrofitting a used home to compete with the levels obtained with new is a costly proposition.
Air filtration systems in new homes are much better than most used homes. This is an often overlooked issue - especially if you suffer from allergies or are sensitive to airborne contaminants.
Newly-built homes come with modern fire retardants in materials such as carpeting and insulation, unlike most existing houses. Builders also hard-wire smoke and carbon monoxide detectors that make battery-powered detectors obsolete.
When you buy used house, you get what you get. That may include illogical room layouts, lower ceiling heights and poor lighting Because you are part of the design process, you can be assured that the space matching your needs and lifestyle. You also create flex spaces that consider changes in family dynamics such as nursery or family members moving in.
With a resale house, the equipment and structural features are often close to needing replacement. There may or may not be warranties, but if there are they probably have limitations.
Consider some of these typical capital improvements that may be part of the true cost to you over the early years of a purchase of an existing house:
• Furnace/HVAC: Replacing a furnace or HVAC system could cost you as much as $4-$5,000
• Flooring: Costs can run anywhere from a few thousand dollars to well over $15,000, depending on your choices.
• Roof: the average shingled roof lasts about 25 years. Replacement costs can be anywhere from $10,000 up.
• Exterior Painting. Typical cost: $5,000 and up.
• Kitchen: Anywhere from $20,000 to $40,000.
• Master Bath Remodel: $15,000 and up.
Although you control what you improve and when, it’s highly likely that you’re going to spend money on at least several of these capital improvements in the early years following purchase of a resale house. They are the unadvertised costs of not buying new.
You may plan to live in your next home many years, but at some point, most people sell a given home for any of a number of reasons — moving to a bigger home to accommodate a growing family, downsizing to a smaller homes when children are gone, moving across town or another state for another job, etc. While the home you sell will no longer be new, a 4-year old home can be more desirable — given all the features above — than a 20-year old home at resale.
All measurements are approximate. Pricing and specifications are subject to change without notice.
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