There is an ongoing debate on whether or not to buy a new home vs. an older home. Most of the concern is understandably focused on money and how much it will all cost. That’s why we created the “Why Should You Buy New?” infographic. It shows how purchasing a new home saves money over time.
Though the upfront costs of buying a new home can be higher than a used home, they weigh out the costs of keeping up the maintenance of an older home. In fact, a new home can be maintained for 96 percent less than a used home built prior to 1980! New homes — due to better windows, more efficient heating and cooling equipment, better control of air infiltration and greater use of new insulation technologies — are twice as energy efficient as homes built prior to 1980.
Additionally, a new home bought at $300,000 and a used home bought at $208,000 will have the same monthly payment of approximately $2,000 due to maintenance and heating costs for the older home.
Furthermore, when you are ready to sell your home, which by definition is no longer new, a five year old home will often be more desirable given all the newer features it has versus that of a 25 year old home at resale. That being said, a new home also offers buyers the freedom and control in choosing exactly what they want in their home from paint colors, flooring, cabinets, countertops, appliances and more.
When you are ready to buy a Chester County new home, let Keystone Custom Homes help you find the perfect one. Visit www.keystonecustomhome.com for more information.