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Pros & Cons of Buying a New Construction Home

Some Advantages of Buying a New Construction Home

  • No asbestos, lead-based paints or other common building products recently found to be hazardous.
  • The house is up to current code
  • Sufficient wall and floor outlets to accommodate modern technology
  • Zero first-year maintenance for roofing, heating, A/C and major appliances.
  • Cheaper to maintain due to the energy efficient heating, cooling and insulation.

 Some Disadvantages of Buying a New Construction Home

  • Prices are less negotiable.  The developer can’t give you a deal because that would undercut appraisals on other homes in the development.  Negotiations are more successful to “upgrades” on things like flooring and appliances.
  • Hidden or increasing homeowner association costs
  • The model home that you see is not what you exactly get
  • Cheap carpet, floors, etc., unless you purchase an “upgrade”

January 6, 2011 - Posted by | Uncategorized | , , , , , , ,

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