Whether you’re looking to buy or invest in real estate, getting the most value out of your purchase both now and long term is important. At Urban Sky, we believe that a new home provides more value (compared to pre-owned) and best serves you. Here’s why:
Building a new home allows you to get exactly what you want for the price point that you are set on. No guessing, no settling for pre-owned, and you can decide on all the materials that make up the total cost of your investment.
If you are a first-time home buyer, you may qualify for First-Time Home Buyers (FTHB) Tax Credit which offers a $5,000 non-refundable income tax credit amount on a qualifying home; a great way to achieve cost savings.
This serves to protect your investment by providing coverage for items such as delayed closing, construction defects, basement construction, etc. Having this added protection eliminates any potential surprise costs both post sale, and following move-in.
Less Ongoing Costs
When building your new home, you can avoid having to invest in some of the unnecessary frills that come with pre-owned homes. And, you save both time and resources by not having to renovate that existing home, or deal with the unexpected or unknown.
Immediate cost savings are experienced (when compared to pre-owned homes) through energy efficient features such as LED lighting, low-flow fixtures, and ecological finishes.
There is a personal satisfaction and connection hat comes with building a new home. In doing so, you are the first person to reside in that finished home, you designed it, and the layout and materials chosen are best matched to you and your family’s needs.
Resale Market Value
Newer homes are typically easier to sell than older existing ones. This is because they’re esthetically pleasing, typically lower maintenance, and offer a lot of the perks discussed above. Knowing this, makes it easier to invest in a new home as it holds its value well.
Are you ready to start designing and investing in a new home? Contact us to get started.