Most home buyers do not have the tools or "know how" to do extensive repairs. Have more time to enjoy family and activities.

2. Personalization

They get to choose their own paint colors, cabinets, countertops, carpet and plumbing fixtures, instead of spending years re-painting, refinishing, and re-carpeting..From the moment they move in, the home reflects their tastes and lifestyles. They may spend more money up front to customize but will save money in the long run by not having to hire contractors to alter the house to suit their desires.

3. Instant community

Buyers appreciate that they will have something in common with their neighbors. Easier to get acquainted with others who were not yet established as well.

4. Floor plans for today's lifestyle

Floor plans of new houses are much more in keeping with the way people live today. Kitchens are more open and integrated with living spaces to gather families together. Master suites with luxurious baths and sitting areas are restful retreats.

5. Energy Efficiency

New construction techniques, materials, and appliances all work together to dramatically lower utility bills that can save families money of heating and cooling costs. It helps to offset the cost of buying a new home.

6. Appreciation in Value

Virtually all new homes appreciate quickly. Builders say the first buyer makes more money than the builder. The appreciation is that significant.

7. Safety

Older homes have such hazards as asbestos, lead paint, leaking gas lines, or faulty wiring.

8. Technology

It is much simpler and more cost effective to install technology options in a new home than to retrofit an old home. A major component in options and upgrades is almost impossible to install in older homes.

9. Warranties and Customer Service

Most buyers do not have the skills to handle major repairs on their own. They want a house that is move-in ready without the worry costly replacement items such as roof shingles or replacing an outdated heating system. The builder's availability provides a sense of security to the buyers.

10. Lead Time

Purchasing a new home gives buyers a lead time to sell their own home and to do some planning. If they sell their house first, they may be under pressure to accept something less than what they want.

To find out more about mortgages click here.

Email all your home and building questions to Bill.