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Whats the advantage of buying a brand new home vs a used one, the buyer is not an investor/flipper ? |
Whats the advantage of buying a brand new home vs a used one, the buyer is not an investor/flipper ? A brand new home will have some kind of warranty on appliances (if included) , heating & air systems, water heater, possibly wiring, etc... Builders (new builds) have the capacity to give more incentives. Most have their own financing company, so they can offer crazy low interest rates, especially at the end of the month on inventory homes. Disadvantage: You can't negotiate the price down too much with a new build. brand new home - can be built to your specifications, may take months to build, may have cost overruns, there may be glitches in the systems after you move in. People pay a premium for a new home because it's theirs and nobody else has been there. No carpet stains, no nail holes, no wall scars, it's all yours. That can be good, and bad. Usually, that also means no window coverings, no landscaping, no custom features, etc... Lower home owners insurance, turn key home.... The advantages of new construction: |
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