Consider Including New Builds in Your Home Search

Consider Including New Builds in Your Home SearchThere are a few myths that can keep home buyers from considering a new build as they are house hunting, and they usually center around cost. If you're looking at homes for sale in Tyler, don't assume it's not the right financial fit for you. New construction homes in Tyler are available in a range of styles and price points, and there are some common misconceptions about new builds that you may need to dispel to be sure about finding the right new home for you. 

Cost of Buying a New Build

A common assumption is that a new construction home is going to cost far more than an existing home. While it's true that you're going to be paying for a home that is in excellent condition, and you will likely have some added expenses like landscaping and window coverings, it's not necessarily the more costly option. 

One of the primary financial benefits of new construction homes is the significantly reduced maintenance costs. New homes are built according to the latest building codes and standards, using modern materials and techniques that ensure durability and longevity. Because everything in a new home is brand new—from the roof to the appliances—there is a much lower likelihood of encountering the kind of major repair issues that can plague older homes. This means new homeowners can avoid the unexpected expenses associated with replacing outdated systems or fixing structural problems, which can quickly add up in older properties.

Of course, sometimes things will break anyway, but most new homes come with builder warranties that cover various aspects of the home for a specified period. These warranties provide peace of mind and financial protection against potential defects or issues that might arise, further reducing the financial burden on homeowners.

Financing a New Construction Home

If you're like most buyers and plan to purchase with a mortgage, you may have some excellent options available to you. Builders and developers of new construction homes often have relationships with preferred lenders and can offer attractive financing packages to buyers. These can include incentives like reduced interest rates, closing cost assistance, credits for building upgrades, or special loan programs tailored for new home purchases.

Taking advantage of these financing options can make buying a new construction home more financially feasible and can help you get more favorable terms than you might find on the resale market.

Appreciation and Resale

New construction homes tend to appreciate well over time, often retaining their value better than older homes. Modern design, updated amenities, and compliance with the latest building standards make new homes attractive to future buyers. In a growing market like Tyler, where demand for quality housing continues to rise, investing in a new construction home can yield an impressive ROI.

Additionally, the appeal of a move-in-ready home with contemporary features can make resale easier and potentially more profitable. Buyers are often willing to pay a premium for homes that require minimal immediate work, which can make new construction homes a savvy financial choice for those considering long-term value.

Amenities

New construction homes are often part of planned communities that offer a range of amenities and lifestyle benefits. These can include parks, playgrounds, community centers, pools, and walking trails. Access to such amenities enhances your quality of life and can reduce the need for additional expenses on recreational activities and facilities.

Living in a community designed with modern living in mind also means better infrastructure, including well-planned roads, efficient drainage systems, and convenient access to schools, shopping centers, and other essential services. These factors contribute to a more comfortable and convenient living experience, adding value to the investment in a new construction home.

"Before you assume new construction isn't right for you, take the time to crunch the numbers. Many buyers are happily surprised to find out that a new build is not only feasible, but is actually the more affordable choice." -Greg Smith, Boulder Home Source

Ready to find your new construction home in Tyler? We can help, so contact us any time to get started. 

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