The choices that mortgage house hunters are faced with is either buying a previously owned home or a foreclosed one, or buying a brand new home which is much more expensive when it comes to dealing with it per square foot. There are good selling points to these two choices but there are more advantages of buying a brand new one if you want to have a place where you can comfortably settle down for good.
Buying a previously owned home can give us two selling points. With a pre-owned home you will have a lower monthly amortization because it is cheaper. However, this does not include other form of costs which you have to intermittently put every time something goes wrong or breaks. The other selling point is to disregard the house but dwell on the value of the property which is a good real estate investment in the long haul.
But if your intention is to really settle down for good, choosing a brand new house has numerous selling points that are often overlooked because what stands out more is the high cost of downpayment if any and a higher monthly amortization cost.
One selling point of a brand new house at http://www.manausa.com/ however is that you have more flexibility in the layout, choice of color, type of flooring and etc. Buyers are often allowed by home builders to participate in the house design. With a used house, however, the process is first to demolish it and build on the old structure which is quite restrictive because the patterns have already been emplaced.
Also building codes dated back where not as conscious as today in mandating energy efficient standards. Home builders must adhere to these regulatory codes since there is a higher energy risk at present. So now newly constructed homes have to use energy efficient insulations, doors and windows like the ones with double, triple or quadruple panes which were unheard of before since energy was cheap and abundant and could provide homes with warmth during winters and cool air during summer. We also have newer HVAC designs, all playing together to reduce utility bills down. This also means that new homes have to install high efficiency stoves, refrigerators, washing machines, water heaters compare to homes that were built years ago. Joe Manausa Real Estate has all Ox Bottom Crest Listings right here!
A new home has fewer and more minor repairs and they have warranties so there is no need to spend on anything until after a year or two.
Another thing that I want to mention, is that new home buyers may be able to take advantage of mortgage financing perks that builders give in their effort to sell as many units as they can.a