Most Americans agree that moving is one of the most stressful things they could live through. In fact, a majority would prefer to upgrade their home rather than look for a new one, but that doesn’t mean that it’s always the right choice. Numerous factors play a role in deciding which is best for your situation, but you might be surprised at how the benefits stack up.
1. New Homes Offer Better Customization
It might sound counterintuitive, but new home customization tends to be cheaper per square foot compared to renovations. That’s because you get to design every aspect from the ground up; you’re neither limited to what is already there nor obligated to pay to have it removed. If personalization matters, you’ll want to get yourself a new home.
2. New Homes Have More Modern Amenities
More often than not, new constructions have more cutting-edge technology compared to a house that was built even 10 years ago. New construction homes have new technology and modern amenities already included in the construction design which is better than having to add them in when renovating a house. Eco-friendly materials can also provide long-term savings as well as increase the resale value.
3. New Homes Come With Warranties
Simply put, you won’t get a new warranty if you renovate an existing property. A home builder’s warranty covers the cost of repairing structural aspects of the home for a predetermined period, benefiting both homeowners and the construction company alike. The details will vary depending on the nature of your insurance and which builders you work with.
4. New Homes are Easier To Maintain
It might be fun to renovate an old house, but there’s also much more maintenance to worry about. Building a new home avoids much of that expense by nature of the materials being in better condition from the get-go. The construction process may present a few challenges, but you’re unlikely to face many struggles in the first several years after moving in.
5. New Homes Offer Better Location Flexibility
Renovating an existing home doesn’t afford any options as far as location goes; the building is already rooted in the place where it is. A new construction, on the other hand, can be placed on any empty lot in whatever neighborhood or area you desire.
6. New Homes Have Higher Resale Value
This is what shocks homeowners the most; the average cost of remodeling typically outweighs what it generates in resale value. Compared to that, investing in new construction can lead to long-term profits. Not only do you get to bypass the renovation process, but the construction typically holds its value longer. Plus, because they have more modern amenities, the resale value starts off that much higher.
Build Your Dream Come True!
All told, building a new construction gives you far more creative control and long-term cost benefits. Working with an older house often means making compromises, and the reality won’t match the dream in your head. But if you choose to build, you can get precisely the home you’ve always wanted.