The Pros and Cons of Purchasing A New Construction Home within Duluth

Pros and Cons of Buying New Construction in Duluth

While some people wouldn’t buy used items, others prefer to purchase something that has been tested and is cheaper. The difference between a resale home and new construction is more than just personal preference, and both homes new construction and existing homes have their benefits and disadvantages. If you are still unsure, here are some pros and cons to buying new construction in Duluth.

Rent To Own New Homes

Why would you rent-to-own a new construction home? For the same reasons, you will buy a new construction home. With Rent To Own Homes Programs, you get the added benefits of:
Try it before you buy it. You get to rent the home, see if you like it, and if you don’t, you give the appropriate notice and leave with no further obligation to buy that home. You also have the added benefits of getting into the home with a lower credit score and, in most cases, a lower down payment than if you were trying to get a mortgage immediately to buy that house.
Fill out the short questionnaire here to get approved for a Rent To Own Home in Gwinnett County, Georgia

The Pros of Buying New Construction

Here are some of the particular benefits of buying new construction. Here are some of the top reasons:

Shiny And New Feeling

When you have taken the plunge and decide to buy a new construction home in Duluth, and you will be purchasing a completely new home that has never been lived in before. There will be no significant cleaning, carpet shampooing, or repairs required.

Most importantly, major appliances, water heaters, and HVAC systems have seen little usage and are in excellent condition. They will likely last many years, and these things won’t be a problem for very long. Even if they fail, the warranty will still cover them, and you won’t have to pay for replacement costs.

Ability To Customize Your Home

You may also have customization options if the home is still in pre-construction. You often have the opportunity to customize colors, appliances, flooring, and other aspects at this stage.

This is a huge plus, according to real estate professionals. It is a privilege to have complete control over details and designs that suit your lifestyle and tastes. You can choose the color and trim of your siding, trim, and the location of each light bulb and outlet when you buy new construction. You can customize many things, but they are often very difficult or expensive to install after the home has been built.

New Homes Are More ENERGY EFFICIENT.

{New construction in A new home built in a market_city is usually more energy-efficient than other homes, and this means that your utility bills will be lower for heating and cooling your home. New construction homes are typically equipped with efficient HVAC systems, energy-efficient appliances, and more or better insulation. Experts say that “your builder” likely already has some of these options. These include energy-efficient windows, which can reduce heat loss and gain by 25%-30%.

BUILDERS OFFER DISCOUNTS and Bonuses

One final benefit of new construction is the fact that builders, to sell their homes that they have so much equity in, often offer discounts. To sweeten the deal, they may offer additional amenities and bonuses. Many builders offer mortgage financing, which can help streamline the entire purchase process.

Some Things That Don’t Always Work Buying New Construction

Let’s now look at some cons of new construction in Duluth, such a:

Shoddy WORKMANSHIP

Many builders use inferior materials and cut corners to maximize their profits, which is a shame. Some hire labor, while others use sub-contractors to do the same work. Have a professional home inspector check out your new home before the closing of any new construction, and this will ensure that everything works properly and is in good condition.

FEWER LOCATION OPTIONS.

You will have fewer options for where you live if you buy new construction in Duluth. Developers often build several homes on open land, which means that new suburb developments are usually located far from the city center.

You will soon notice that you won’t get to know the neighbors or the neighborhood. Many homes in new construction are still vacant and unsold when you purchase them. There may also be a few people to get to know.

BUILDER INEQUALITY.

You should also be aware that builders often have different skills and experience levels, which can impact work quality. It is not a good idea to assume that a builder knows how to build new homes. “The policies, skills, and options available vary between builders.” Experts recommend checking a builder’s reputation for the reliability and quality of the homes they have built. Take care to make the right decision when choosing a builder to construct your new home, don’t just look at the photos on their website.

UPGRADES CAN GET PRICEY

You won’t pay the advertised price for the shiny new car that you are lusting over. The cost of the cars will keep going up if you get all the options that you want. The same applies to new construction in Duluth.

A base price is the price that you see when you first view home under construction. Even minor upgrades can be pretty costly, and this is in addition to the fact that new construction homes typically cost 20% more than existing homes.

UNEXPECTED DELIVERY

The potential for unexpected delays and extended delays is another con to new construction. This can prove costly and time-consuming. Mother Nature is unpredictable and may not cooperate with your plans. Your new home might not be completed when you expect it to. You may be delayed by long rainy spells, ice, and snow for several weeks.

So, after reading these pros and cons, do you buy new construction in Duluth or an existing home? If you’re still having trouble determining which is best for you, let your qualified local real estate agent provide some expert guidance. Find out how our agents can help you make the right choice. Contact us today at 678-337-1165.