New Homes vs. Resale Homes - Which Is Best for Northern Virginia Buyers?
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There are many reasons why you might choose to purchase a brand new home rather than a resale home. Here are the top five reasons to purchase new construction:
1. Energy efficiency. Brand new homes are much more energy efficient than older homes. Not only are energy efficient homes environmentally conscious, they will also save you a lot of money in utility bills.
2. Lower insurance premiums. Everything is new and up to the latest codes, which gives you peace of mind while saving you money on insurance premiums.
3. Lower maintenance. Again, since everything is new and up to code, you don’t have to worry about making a lot of repairs in a brand new home. You will also have a better quality of life because you don’t have to stress out about making repairs.
4. Warranties. Builder warranties are 10 years for structural items, one year for everything else, and 3-5 years on systems. These warranties give you peace of mind.
5. Resale value. If you’re thinking of moving in the next 3-7 years, you won’t have to do much work to prepare your home for the market.
Finally, there’s one more reason to purchase new construction over a resale home. Buyers can get really good deals from builders right now. Inventory is tilting just enough that builders in our area are offering great incentives.
If you have any questions, please feel free to reach out as we'd be happy to help you with any real estate needs!
7 episodes