Thinking of purchasing a new home this year? Whether you are a current homeowner or a first-time homeowner, there is a lot to consider before investing in a new home. Some of these factors may include location, size, and the extra amenities the home includes, such as a pool, or an oversized lot. If you are looking at new construction homes like those at Pecan Square by Hillwood in Northlake, Texas, you may have questions about investing in new build homes versus pre-existing homes as well. Read on for more information.
What Is a Newly Constructed Home?
When you choose to invest in a newly constructed home, you are choosing to invest in a home that has not been lived in before. Typically, these homes are bought straight from the builders/developers and are often located in the most up-and-coming neighborhoods. They may even feature some of the latest and most desired technologies.
Despite there being numerous advantages of choosing to buy a newly constructed home over an older home, it is important to take into consideration the pros and cons in order to decide if this is the best investment for you.
The Benefits of Purchasing a New Construction Home
Homes in up-and-coming Communities
When you invest in a new home in an up-and-coming neighborhood, like our community at Pecan Square, you can rest assured that it will most likely grow in value in the years to come. You may find some larger, previously lived-in homes in other areas, but there is no telling if the location of that other home will continue to grow over the years or if everyone will slowly begin to move out, lowering the value of the home. With a newly constructed home at Pecan Square, you can trust that your money will be invested securely in a property that will continue to be profitable.
New Property Warranties
New construction homes typically come with builder's warranties. This means that if anything breaks within the first year, the builder will replace it. This is peace of mind that does not come with a pre-owned home.
Modern Homes for the Modern Buyer
Upgrading an older home is expensive and time-consuming. Instead, you could save yourself time by choosing a newly constructed home with the latest amenities. Modernized homes appeal to modern buyers who want all the amenities of a 21st-century lifestyle. Even with upgrades, an older home often does not live up to the expectations of a modern buyer.
Newly constructed homes also allow you to customize the home to your liking by adding features such as:
Marble countertops
Touchless faucets
Smart lighting
Remote control garage openers
Heated floors
An increased amount of storage
The resale value of new construction homes also tends to be higher, and these homes are often more energy efficient.
FAQs
Q. Do New Construction Homes Lose Value?
A. New construction homes are built in up-and-coming neighborhoods and are proven to maintain their value for longer than older homes, ensuring that you will get more out of your investment.
Q. Are New Construction Homes Worth it?
A. If you are concerned about additional renovation costs or added maintenance, then a new construction home may be for you. Typically, new homes are under warranty for the first year or more, so you do not need to worry about finding someone to fix something that is broken.
Pecan Square by Hillwood
If all these benefits have convinced you to secure an investment in a new home community, our community at Pecan Square by Hillwood can help. We have building sites and new construction homes across 1,200 acres in Denton County that are available for purchase. You can check out our inventory here or speak to a real estate agent to help you make the most informed decision regarding your future home.
