If you’re in the market for a new construction home, one of the most important decisions you’ll be making is whether to buy a newly-built or a previously-owned home.
Buyers can encounter several popular myths about real estate such as the notion that new homes are more costly and take too much time to be move-in ready. Another misconception is that builders can be challenging to work with, all their properties are the same or that financing their properties is difficult. It is important to look into these issues so that you can make your choice based on facts and make the best choice for you and your family.
A new construction home’s list price can be higher than an older home’s. But, once you look into the associated costs, you may find that the necessary repairs, updates, and upgrades will add up to a far greater price. Previously-owned homes tend to have undergone wear and tear on crucial aspects such as the roof, flooring, plumbing, heating, air conditioning, appliances, and other modern amenities. Once you pay to get these features up to par, you might realize that everything in a new house is already brand new, which justifies the selling price.
You may have heard that new home builders can take a long time to finish a house. The truth is that you are ready to buy and move in quickly, all you need to do is work with a reputable company. If you are shopping for new homes in the St. Louis area, Rolwes Company is known throughout as the premier, multi-generation builder with a reputation for ironclad construction and top-tier customer service. We offer move-in ready quick delivery homes designed for families who are ready to buy today and move in as soon as possible.
Working with a builder is all about choosing the right company based on reputation and past successes with other people like you. Ideally, a great company will be known for creating and nurturing long-term relationships with customers. Rolwes works with people looking for new homes in the St. Louis region to pinpoint their exact wants and needs — and then strives to meet them. Tested and perfected over three generations, the company philosophy is based on a comprehensive approach to customer service based on clear communication and the creation of quality homes in family-friendly communities.
The truth about a new construction home, especially when you choose the right builder, is that they can come in dozens of styles and sizes with any configuration of bedrooms, bathrooms and special areas as a buyer could want. Such properties are built according to client specifications and can include numerous options such as hearth room, atrium, guest room, recreation room, bay windows and more. In addition, upgrades and customizations to the owner’s suite, luxury master bath, living room fireplace and walk-in closets are common choices as well. Buyers can fine-tailor their homes to fit every taste and preference down to the exterior finish, interior color scheme, countertops and appliances.
The fact is, a previously-owned home which requires substantial repairs can be more of a challenge to finance than a new house. Lenders tend to be more flexible when the property at hand is a newly-built house rather than a “fixer upper.” Plus, new construction companies tend to have a short, effective list of preferred lenders they work with who are familiar with the company, the quality of their work and their goal so they can quickly put buyers into new homes.
Discerning truth from myth is important when it comes to buying a new residential property. Contact us for more of the truth about purchasing a new home.
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