Reasons to Buy New

1. FAVORABLE PRICING

Competition among homebuilders makes new homes less likely to be overpriced. New homes are easy to compare with other new homes in the market equating value to value. The homes are the same age and options are declared up front with a price breakdown for competitive shopping. Over time, the price of land has added more to the cost of a new home than a modest increase in building supply expenses.

2. EASY FINANCING

Securing financing is the major obstacle to home ownership. Most homebuilders have done the leg work for you. They have researched the market and negotiated the best rates for their specific type of housing. Many homebuilders now include closing costs in the price of their homes.

3. NEW HOME WARRANTIES

New home buyers are assured at least a one year warranty on the home itself and most likely five years on major appliances including air conditioning and heating systems. Many of today's homebuilders extend structural warranties to a full ten years underwritten by insurance companies.

4. NEW / MODERN APPLIANCES

Appliance manufacturers introduce new models every year and homebuilders are able to offer the latest state-of-the-art equipment at the time of completing a new home. And, because the homebuilder buys for his entire production of new homes, his purchasing power can reduce the cost to the buyer.

5. HOMESITE SELECTION

Location, location, location. Being able to select "just the right homesite" is almost as important as choosing the proper home to fit the buyers lifestyle. Developers and homebuilders offer a wide selection of sites including golf course locations, waterfront, rural acreage and more.

6. FLOORPLAN OPTIONS

Builders of new homes offer a wide variety of functional floorplans to fit your lifestyle. If it's not an "inventory home" homebuilders also offer the opportunity to either eliminate or add to rooms, upgrade materials, include special architectural features and generally customize the home.

7. LATEST MATERIALS & FEATURES

Low maintenance is one of the most important features of the new homes being built today. New technology in building materials has made the homes of the 2000's virtually maintenance free, especially on the exterior. No longer does the homeowner have to worry about painting every 3-5 years.

8. CHOICE OF FINISHING

With a new home it's possible for the buyer to be the decorator before moving in. Choices of carpet, wall coverings, paint color, light fixtures, window treatments, etc. enables the new homeowners to live with their personal selections and not be restricted by the taste of the previous owner.

9. ENERGY EFFICIENCY

A new home built today is required by law to meet stricter energy codes than homes built in the past when energy codes didn't exist or were much more lenient. Many homebuilders use materials that are designed to exceed the strict limits to produce future savings for the owner. Better windows, more efficient heating and cooling equipment, better control of air infiltration, and greater use of insulation reduce energy consumption to about half as much energy as homes built prior to 1980.

10. LOWER MAINTENANCE

It is a given that all manufactured products have an expected lifespan. Daily use, weather and quality of care all play a role in longevity. Buying a new home eases the nagging question of "How long before it breaks down?" With a new home the answer is simply, a substantially longer period.

11.COMPATIBLE NEIGHBORS

In most new communities, buyers will be moving in with neighbors in generally similar circumstances. Often with pre-owned homes in established neighborhoods, the homeowners may find themselves in a difficult situation as the "new kid on the block" unable to quickly fit in to social situations.

12. VALUE APPRECIATION

Statistics say that the typical home will need remodeling after a life expectancy of 25-30 years. Since new homes have an assured longer life, appraisals will be generally higher than on comparable existing homes, making conditions more favorable for future resale at appraised appreciated prices.

13. CONVIENIENCE

14. SAFETY

15. HEALTH


Copyright 2007 Central Oregon Builders Association, Inc. All rights reserved.