Faithfully
...serving the First Time Home Buyer & First Time Home Seller!
"Why buy used when you can buy new?"
Buying a home as a first time home buyer can be very frightening considering the financial obligation that will be required of you. What we've learned over the years while working with first time home buyers is that money matters. It is not so much the cost of the home that can be frightening, its the monthly mortgage payment that can be down right scary!
Before purchasing a home, one must consider the financial impact this new debt can make on your monthly expenses and plan a feasible budget to allow you to comfortably afford your home.
Myth # 1 - "New homes cost more than used homes."
Sometimes we confuse the word COST with PRICE. Depending on the area you will chose to purchase, new homes may have a higher price than used homes but do they really cost more?
Things to Consider
- Energy Savings- With new laws being enacted frequently to insure energy conservation, newer homes are becoming more and more energy efficient which means BIG monthly savings to the home buyer. On average, you can save $125 per month on utilities when purchasing a home that is less than 8 years old. With a savings of $125 per month a home buyer could afford $10,000 to $20,000 more towards the purchase of their new home. See KB Homes Press Release
- Warranties- After moving into your home, nothing can be more frustrating than to have unexpected cost due to home repairs. One simple roof leak can turn your dream home into a nightmare by costing you thousands of dollars in repair bills. Most reputable new home builders offer a standard 1 year wall to wall warranty, 2 year electrical and plumbing warranty as well as a 10 year foundation and structural warranty.
- Insurance Discounts- Savings in home owners insurance premiums can be as musch as 30 percent when purchasing a new home. On average , this can be a monthly savings of $30 or more!
- New Home Incentives- Home builder incentive programs allow home buyers to see great cost values immediately. Most builders will cover a portion of your upfront closing cost, if not all, allowing you to have extra money for your new home move. Currently, builders are buying down interest rates for customers to make their new home purchase more affordable than ever. Interest rate buy downs on the average can save the home buyer more than $18,000 over the life of your mortgage loan!
Myth # 2 - "Used homes are built better than new homes."
It is true that a home built today is different than a home built as recently as 10 years ago. Because of ever changing construction codes and ordinances, home builders are held to a higher standard of construction in order to protect the consumer. This insures that a h
ome buyer is getting the safest and most efficient home at the time of purchase according to the local building laws. 
Some major enhancements in home construction within the last 10 years has been Energy Efficient windows, MANABLOC™ Plumbing Systems and Post-tensioning Concrete slabs just to name a few.
For more information
- National Association of Home Builders- See current Construction Codes & Standards
- Newhomeprograms.com- Contact us today to schedule an on-site construction tour with one of our prefered builders
MANABLOC™ Plumbing System
"Your home may be the biggest investment made in your lifetime!"
