5 Financial Benefits of Buying New Construction vs. Resale

5 Financial Benefits of Buying New Construction vs. Resale

October 20, 2023Calico Creek Team

When shopping for your first home, the charm of an older house can be tempting. However, the hidden costs of maintenance and repairs can quickly turn that dream into a money pit. Here are five compelling financial reasons why buying new construction at Calico Creek is the smarter choice.

1. Lower Utility Bills

New homes are built to modern energy codes with better insulation, high-efficiency HVAC systems, and double-pane windows. This can save you hundreds of dollars every year on heating and cooling costs compared to an older, drafty home.

2. No Surprise Repairs

With a new home, everything from the roof to the water heater is brand new and under warranty. You won't have to worry about replacing a 20-year-old furnace or fixing a leaky roof just months after moving in. This peace of mind is priceless for first-time buyers on a budget.

3. Modern Features Included

Older homes often require expensive updates to match modern lifestyles—think kitchen renovations, bathroom remodels, and electrical upgrades. At Calico Creek, modern features like open floor plans, granite countertops, and smart home technology are built right in.

4. Builder Incentives

Builders often offer financial incentives that individual sellers can't match, such as closing cost assistance or interest rate buy-downs. These can significantly reduce the amount of cash you need to bring to the closing table.

5. Higher Resale Value

Newer homes typically appreciate faster and hold their value better than older properties. When you're ready to sell in the future, a newer home will still be relatively modern and appealing to buyers, maximizing your return on investment.

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