While the costs of new construction homes are higher than those of move-in-ready homes, they come with some advantages, too. Unlike move-in ready homes, new constructions are built according to the most current building codes and safety regulations. Because new constructions are less likely to require repairs or maintenance, new homeowners can spend more time enjoying their new home and exploring their new community. Also, new construction homes are an excellent choice for people on a budget.
Custom, semi-custom, and spec are types of new construction homes
There are three main types of new construction homes: custom, spec, and production. All have contemporary design and features and a built-in builder’s warranty. They all include features like energy-efficient appliances and smart home technologies. While they may all look similar, they offer different advantages. Below are the pros and cons of each type. When looking for a new home, consider what type of new construction is best for you.
Custom and spec homes require customization, while semi-custom homes can be built on land you own. With spec homes, the builder provides multiple plans to match your property and budget. You can request a few changes to the plans, like installing high-end appliances and luxury flooring. You can also request energy-efficient HVAC systems. However, you cannot alter the structural elements of the home. Such changes are considered fully-custom homes, which are generally more expensive.
Cost is higher than a move-in ready home
You may be thinking about buying a new home. However, if you’re short on time, a new construction home may be more suitable. A move-in ready home can be yours in thirty to sixty days. It can even come with a warranty! Not to mention, a move-in ready home may cost less than a new construction home. Here are some tips to make the decision.
Customizing a home will cost you a premium compared to a move-in-ready home. Customizing a home requires more time, and you’ll end up with a more expensive home than the one you’d have bought move-in ready. Nevertheless, the process of customizing a home isn’t impossible and can save you money. It can help to choose experienced contractors if you don’t have the time or the funds to complete the project.
New construction homes are more energy efficient than older homes, and can reduce utility bills by 50 percent or more. Energy efficient features include windows, toilets, and lightbulbs. Besides saving you money, energy efficient homes are good for the environment, too. Here are a few of the most popular new home energy efficiency features:
New construction homes are more energy efficient than older homes, and most include energy-efficient appliances. These appliances include air conditioning units, water heaters, and lighting. By following best practices for energy efficiency, new homes can save you hundreds of dollars each year on your utility bills. They also lower carbon emissions in your home. To find out more about new construction energy efficiency, contact a new home builder. These professionals can answer your questions about energy-efficient appliances.
Location in a good school district
In a recent study, 26% of new home buyers cited the quality of the local school district as one of the most important factors in the decision to purchase a home. It is true that school district quality affects home prices, but it is also an external factor, and the more desirable the school district, the more expensive the home will be. And, as a buyer, it will increase demand, meaning the home will command a higher price and even lead to a bidding war for the property.
If you want to be close to a great public school, location in a good school district is essential. Parents are concerned with their children’s education and want to find a neighborhood with strong public schools. For this reason, real estate agents like Aaron Bowman recommend that parents look for a specific town or community. Then, a home in the area will be close to a good school.
Cost of upgrades
The cost of upgrading a new construction home varies greatly. The amount varies depending on where you live and how many upgrades you opt for. A minimal estimate of the cost of upgrading a new construction home is around 12% of the base price. This amount may be higher or lower depending on the upgrades you choose, the size of the home, and the contractor. Home owners are encouraged to shop around to get the best price on any upgrades they choose.
Upgrading your new construction home is a great way to save money. If you can negotiate the price, you can get upgrades such as wood flooring, raised ceilings, and extra storage space. These upgrades will help to raise the value of your home and may help you save money over time. Moreover, you can take advantage of special offers offered by builders to encourage you to purchase their products. To negotiate the price of the upgrades, you can use various apps such as Jerry and Broker to find the best deal.