7 Reasons to Purchase a New NJ Real Estate Home Over a Resale

New construction properties can offer more benefits than an existing NJ real estate home

 

As the mortgage crisis continues to flood the real estate market with distressed properties, those searching for homes have their pick of underpriced or foreclosed homes to choose from. However, regardless of all those deals to be had in the resale home market, buyers should not neglect the potential benefits of buying a new construction home. According to top NJ real estate agents, new homes usually sell higher per square foot than resale homes. Below you will find 7 reasons to choose a new home over a resale.

Flexibility

Many NJ real estate homebuilders allow buyers to help design the home they are purchasing, which helps create a living space tailored to the buyer’s tastes. For example, new construction buyers, many times, are able to design the layout of their home as well as choose the colors, flooring, etc. Buyers moving into a subdivision can sometimes have their choice of lots as well.

Warranty

On the average, a new construction home is fully warranted by the builder for a minimum of a year, and most other parts are warranted for extended periods. This means that if your roof starts leaking during the warranty period, your builder will be responsible for the repairs. Buyers purchasing an existing NJ real estate home do not have the same luxury.

Fewer Repairs

The features of new homes generally last longer than those of older homes that have been exposed to the elements and age. The new homes of today are designed specifically to minimize maintenance requirements.

Efficient Construction

Building codes have changed over the years to higher energy-efficiency standards since they began to address the issue in the late 1970s. Newly constructed homes use energy more efficiently in that they are built with tighter seals to prevent cold and hot air from escaping the NJ real estate home.

New Home Financing

New construction buyers have the added benefit of taking advantage of mortgage-financing perks available through their builder. Larger new homebuilders have their own mortgage companies, or they will offer paying points or closing costs and buy down certain rates for you. The seller of a resale home in most cases cannot offer the same for a buyer.

Energy Efficient Appliances

The energy-efficient mechanics of a new construction NJ real estate home also helps reduce utility bills for those buyers of new construction homes. Many times, new homes include green systems and appliances, such as high-efficiency washing machines, stoves, and water heaters that homes built years ago might not.

Concessions

Especially in today’s slow housing market, buyers could negotiate more concessions out of a homebuilding company than an individual seller. This is because individual NJ real estate sellers often have an emotional attachment to their property that can make them unaware of the home’s true value.

 

The real estate market is changing rapidly and expanding into new avenues almost daily. Sometimes it can be very difficult to find the answers you need on a specific topic or issue. In times like these, you need a real estate professional who will provide valuable information and trustworthy advice. For more information on NJ real estate, call us today or click here to be connected with one of our top real estate specialists.