The Advantages of Purchasing in a New Home Community
Have you considered finally purchasing your own home, but are worried about the required upkeep and maintenance that comes with home ownership? Fortunately, there are low maintenance living options for those with similar concerns. Moving into a new home community takes a lot of the stress of home ownership out of the equation and allows you to enjoy your home ownership with minimal effort. New home communities provide the following advantages to home owners.
New homes mean fewer repairs
When you purchase anything new, there is less chance that it will require home repairs. Everything in the house is new and made with new materials. Most buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 34%. Buyers who purchased previously owned homes were most often considering a better price at 32%. If you are willing to increase your housing budget in return for a house for sale in a new home community, you can save thousands on avoiding renovations and repairs.
Care free landscaping
A lot of homes inside of a new home community also offer care free landscaping. The community developers understand that the majority of their residents do not want to spend time or money with routine landscaping tasks. They may equip the homes in the community with low effort grass patches or the community might include landscaping with the fees. This not only reduces the lawn care requirements of the homeowner, but also ensures that the neighborhood always looks it best.
Better resale value
Newer houses tend to sell for a higher price. If you purchase your new house in an ideal location, it should hold its value well. This means, when it comes time to sell your house, you will get back much of what you paid for it. You may even be able to profit after numerous mortgage payments. Newer homes are also more popular among first time home buyers. With 32% of people looking to buy new homes being first time home buyers, there is a strong market for new houses.
More secure communities
Safety is a priority among many home buyers. In fact, some people may choose to move to a new community, simply to increase the safety of their house. When you purchase something in a new home community, it is likely that there are additional security measures in place. A lot of classic community security features include things like gated entrances, automatic locks, and garage entrances. The increased security features make residents feel safer and also increase the value of the homes in the community.
Consistent update of market
You may be limited on your home buying options when you choose something that is previously owned. You can only purchase what is on the market. New home communities, however, are constantly being built in new areas. If you are hoping to purchase something in a new community, you can request information on newly built communities from your real estate professional. For 42% of recent buyers, the first step that they took in the home buying process was to look online at properties for sale, while 14% of buyers first contacted a real estate agent.
Working with a real estate professional ensures that you get new market updates and that you are the first to know about newly built communities. You will have the ability to view and make an offer on many of these new home communities, before they are even built! A real estate professional provides you with all of the necessary inside information.
Home ownership can be both exciting and stressful. If you have little handyman knowledge, you may be hesitant to take on the responsibilities of home ownership. Purchasing a home in a new home community may be the right option for you. New home communities usually require less renovations and repairs, hold their resale value better, are more secure, and are regularly built, giving you many buying options. If you are interested in purchasing a newly built home, work with a local real estate professional on choosing the community that is right for you.