Who doesn’t prefer brand new overused? Unless you’re an antiques aficionado, choosing new is the best way to ensure you’re buying something completely updated and backed by a guarantee. When it comes to deciding whether to build a new home or buy resale, you should understand why new construction homes are worth more.
The Real Value Of New Construction Homes
Why is a new home worth more than a resale? Consider these benefits that add real value.
#1. Everything is brand new so you don’t have to be concerned about the cost of repairs or replacement.
Forget about worrying how long the water heater will last or if the furnace will get you through the winter. You don’t have to look at the cost of replacing the windows with more energy-efficient ones. From the roof to the foundation—and everywhere in between—your home is all-new. And you have a builder’s warranty to protect you!
#2. You’re getting the latest and greatest in design trends and materials.
Only a new construction home will offer you the most updated features throughout the home. Unless you’re looking at a resale that has been completely renovated and updated, don’t count on a home that includes all of these great features: granite or quartz countertops, hardwood flooring, and special extras, like a walk-in pantry or a sun room. Our quick move-in homes come with the most on-trend design selections already chosen for you!
#3. Energy efficiency and indoor air quality are included.
A new home is, on average, 30% more energy efficient than a comparable resale built earlier. A home like the ones EG Home builds is even more energy efficient. You can save at least 20% on your utility bills. That adds up to significant savings over the course of your mortgage. Factor in the energy costs to the monthly mortgage. You might find that even if the new construction home costs more to purchase, the energy savings offsets enough to make you reconsider!
#4. Resale value benefits the new construction home.
The resale home you buy today will be that much older when it’s time to sell it. If you were buying a used car, would you prefer one that’s newer and has fewer miles than something from the previous decade? Newer homes generally command higher resale value than a comparable home that’s years older. Buyers want homes with fewer “miles” on them and more current features.
Consider What Has Changed in the Last Few Years
Is everything in your life the same as it was in years before? The pandemic’s restrictions led to many lifestyle changes. People left their workplaces behind and set up shop at home. This transition required a dedicated home office space with privacy. It also meant more meals prepared and consumed at home, so the kitchen — already traffic central — became a bottleneck.
Another change may have been the addition of family members to the household. Whether for financial savings or safety, aging parents or adult children moving in has created the need for additional living areas required for another adult. Being able to find a new home with all the living space your family needs creates a better life for everyone.
The Value of Future-Proof Home Design
EG Home is a Connecticut homebuilder that brings a fresh perspective to building or buying new construction homes. We understand lifestyle and home design trends, and have incorporated them into our new homes in New Haven and New London Counties.
Seeing is really believing. Use virtual tours to browse our models or see our quick move-in homes for sale in Beacon Falls, Southbury, and Stonington. You owe it to yourself to learn the pros and cons of buying a new home before you make this big decision. EG Home is here to answer your questions and guide you through the process of building or buying a new home.