Spend More, Save More: Why Modern Buyers Are Actively Looking For New Construction
In times past, older homes were valued for their charm, architectural details and vast potential for enhancement. Buyers could invest in these properties at a much lower cost than if targeting more recent developments. Now, however, many consumers are discovering that it's often far more cost-effective to purchase a home that's offered brand new. Following are several reasons why.
Better Windows And Insulation
New homes come with windows and sliding glass doors that have double, triple and even quadruple-pane designs. These structures create a virtually airtight environment that allows HVAC systems to function more effectively. They can also have a range of cutting-edge features such as special coatings or films that block out harmful UV rays, and vents that filter all incoming fresh air when these units are open. Higher quality windows can significantly lower home energy costs by limiting the amount of work that HVAC systems have to perform for creating and maintaining ambient indoor temperatures.
Widespread changes in building codes have also led to increases in the requirements for attic, siding and crawlspace insulation. Much like high-quality window designs, these changes are also capable of producing significant home energy savings. When paired with new, energy-efficient appliances, upgrades such as these can make overall ownership expenses far more manageable.
No Worries About Asbestos Or Other Hazardous Building Materials
Although a dated property will certainly have its charm, it can also include building materials that are now known to be hazardous to human health. This is a special concern when it comes to asbestos, which was frequently used in ceiling materials, siding, sub-floors and other aspects of the home just several decades ago. Purchasing an asbestos-containing property not only presents a potential health risk for building occupants, but it also leaves buyers with the costly and challenging task of routinely testing the condition of this material or paying to have it professionally removed.
In addition to eliminating the use of known hazards like asbestos, modern developers are becoming increasingly committed to green or environmentally-friendly building strategies. The use of low-VOC paints and carpentry materials that do not off-gas harmful chemicals is currently allowing for far higher indoor air qualities. Many builders are even opting to install HVAC systems with air purification capabilities that provide a number of indirect savings by limiting the likelihood of chronic respiratory ailments and other illnesses related to the overall safety of the living environment.
Access To Smart Home Technologies
While people will invariably pay a bit more to get brand new homes with cutting-edge features, they are virtually guaranteed to get far more value form their purchases as well. Smart home technologies are becoming increasingly common additions to new construction. These allow for remote control of home security systems and home heating and cooling systems among many other things. In addition to being incredibly convenient, these technologies also allow for far greater control over home energy costs and other ongoing expenses.
Safe, Secure And Well-Planned Communities
New construction often comes as part of secure, well-planned communities. These neighborhoods might have gated access points and a range of communal features that all residents can enjoy. Those who live in these developments tend to have far greater assurance that their property values will rise over time, given that the surrounding homes are equally high in value, equally well-maintained and owned by people who have a vested interest in the preservation of the area.
There are still benefits to be gained by investing in pre-existing construction. In order to recognise the very best of these, however, buyers will have to have strategic plans for ongoing property improvements. New residential buildings are already on par with the latest standards in the real estate market, and boast a range of energy-efficient and environmentally-friendly features and amenities that are capable of producing significant and ongoing savings.