Most people think that buying a new home is out of their price range, but it can be an affordable option; it is worth exploring.
Here are three ways new homes can save you money.
Lower taxes: Property taxes are based on the value of the property from last January. For example, if you start building a home in June 2019, the taxable value of the home is from January 2018. At that time the property was just a lot, which has less value. Less value means less taxes for you and a lower payment until the home is assessed.
Warranties: Since everything in the house is new, pretty much everything is under warranty. This will help with costs should anything go wrong in the first 5-10 years of ownership, especially with big items like HVAC systems and the roof.
Energy Efficiency: New homes usually have energy star appliances, double-pane windows, lots of insulation, as well as other energy saving items. This can have a huge effect on the total cost of ownership since your utility bills will most likely be less than in an older home.
Keep in mind, buying a new home has different contracts, timelines, and requirements than purchasing a resale. I have experience in this area and guide my new home purchase clients with care and attention.
Do you have questions about a new home purchase? Curious about new developments in your area?
Get in touch, I’d love to share my expertise and market knowledge with you.
