Buying a new home allows you the kind of customization opportunities you won’t have with an older home.
“New home buyers, for example, can often decide where their bathroom might go, choose their favorite type of flooring, or pick the color of the exterior paint. Buyers moving into a subdivision can sometimes even pick the lot they like best,” said U.S. News.
Adding that level of customization to an older home would cost many thousands of dollars that buyers would have to pay for on top of the cost of the home, instead of being able to include them in their mortgage. Rolling the cost of custom features into a mortgage often only raises the payment by a few dollars per month. It would also take a significant amount of time to transform a home and make it feel new again, which could mean paying two mortgages at once or paying rent on top of your new house payment until the home is ready to move into.
2. Building envelope
Changing building codes have led to “increasingly higher energy efficiency standards,” said U.S. News. “Newly constructed homes…have a tighter-sealed building envelope that helps prevent conditioned air—cool air in the summer, warm air in the winter—from escaping.”
With higher-efficiency insulation, doors, and windows, new homes perform better with a lower energy output and lower energy costs.
3. Green appliances
There’s no telling how old and inefficient the mechanics of an existing home can be. Brand new homes use the latest in energy-efficient appliances and heating and air conditioning. Not only does this allow homebuyers to reduce their consumption of energy, but can also save them a considerable amount of money every month.
4. Fewer repairs
New everything means fewer fixes. Just think about the money saved, not to mention the hassle you don’t have to endure when stuff in your old house is breaking down. Newer products are also engineered to be long lasting, so homebuyers don’t have to worry about replacements any time soon. Another benefit to a new home: warranties that take care of most anything that doesn’t work perfectly.
Often, new homes are priced similarly to older homes. At Mission del Lago, a master planned community in south San Antonio, brand new homes in a range of square footages featuring open floorplans and modern amenities are priced from just the $150s. That’s comparable to—and, in some cases, more affordable than—what San Antonio homebuyers might pay for a similarly sized home in an older neighborhood, and may also be comparable to what they would pay in rent
If there’s anything that’s more important than the home itself, it may just be the location. Mission del Lago’s homes in South San Antonio have been a huge draw for buyers who either grew up in the area and are raising a family on the Southside or are seeking a new home in a serene and private setting with numerous area amenities and convenience to downtown.
Today’s Texas homebuyers are increasingly looking for community amenities like golf courses and playgrounds. These may not be available in older homes but are practically a mainstay of new home communities.