MONEY
Naturally, your hard-earned dollars are your most important concern. And while you might think you’re paying a premium price for a brand-new home, there are plenty of financial advantages to choosing new:
- Buyer incentives – Many homebuilders offer special discounts, add-ons, and other incentives to appeal to potential buyers.
- Tax benefits/deductions – Common tax deductions available to new homebuyers include mortgage interest, mortgage points, and private mortgage insurance (PMI). You can also get tax credits for homes that use clean energy.
- Appreciating investment/building equity – A new home is usually one of the best investments you can make, growing in value and building equity for homeowners over the years. The Federal Housing Finance Agency (FHFA) released a report at the end of August 2023 stating that house prices experienced an appreciation of 4% over the previous year. Additionally, the historical annual average national appreciation rate from 1987 to July 2023 was 4.8%.
- Improving credit – Making your monthly mortgage payments on time are a great way to improve your credit ratings, especially since homebuyers do experience a small impact on their credit scores when taking on a mortgage loan.
EASE
Many details are just plain easier if you go with a brand-new home, helping buyers through the often stressful process of purchasing their home.
- Built to last – Today’s homes are built with better materials that are more durable while remaining aesthetically appealing, as well as requiring less maintenance.
- Move-in ready – Instead of “moving into someone else’s mess,” your new home will be clean, empty, and ready for your furniture and family.
- Fewer repairs – With new systems and appliances (if they come with the home), there’s a greatly reduced chance of things going wrong and needing to pay to fix them.
- Home warranty – Most new homes come with a home warranty for a year or more that will cover you in case of any repairs that need to be done on items that came with the house.
COMFORT
Today’s new homes provide a higher level of comfort than ever before — the kind that older homes simply can’t offer without spending thousands and thousands of dollars. New homes provide:
- Customizability – Working with your homebuilder on a new home, you have a wide array of choices — everything from the front door and flooring to window treatments and landscaping. There’s something wonderful about going into a new home in which you’ve chosen pretty much everything!
- More functional floor plans – This is not your grandfather’s primary suite…or kitchen/dining area…or floor plan. It’s new ways of design that make your new home more functional and versatile than ever.
- Amenities – From beautiful hardwood flooring to modern HVAC systems to top-of-the-line kitchen appliances, there’s a long list of amenities that come with a brand-new home. When it’s your new home, you get to choose the amenities that create comfortable surroundings.
ENVIRONMENT/SUSTAINABILITY
While today’s homebuyers naturally want all the creature comforts of a new home, many are equally concerned about having an environmentally friendly and sustainable home that has a lower carbon footprint. A couple things to look for are:
- Energy efficiency – Modern HVAC systems, along with improved electricity and gas services, improve efficiency — while reducing the amount of energy they use as well as their monthly bills. As an added bonus, homeowners who select clean energy services can receive tax credits.
- “Green” appliances – With appliances that utilize less energy, you can reduce your carbon footprint while saving money.
There are plenty of additional reasons to choose new — and the team at Schaefer Homes can’t wait to share them with you. Set up your appointment today!