Thursday June 23, 2022
Who doesn’t prefer brand new over used? Unless you’re an antique aficionado, choosing new is the best way to ensure you’re buying something completely updated and backed by a guarantee. When it comes to deciding whether to buy a new home or a resale, you should understand why new construction homes are worth more.
Has anything changed in the last few years?
Is everything in your life the same as it was in 2019 or before? The pandemic’s restrictions led to many lifestyle changes, beginning in early 2020. People left their workplaces behind and set up shop at home. This transition alone demanded a dedicated home office space with the privacy needed for productivity. It also meant more meals prepared and consumed at home, so the kitchen—already traffic central—became a bottleneck.
More people working, studying, playing, and living under one roof also meant more devices. The strain and drain on Wi-Fi caused yet another problem.
And what about the rise in home deliveries? Shopping from home reached new levels during the pandemic, and it’s not stopping. Whether ordering meals or groceries, basic staples to technology, American consumers count on safe deliveries of their orders. Adding a video doorbell to record visitors is useful, but does it prevent the loss of your packages?
Another change since the early days of the pandemic is the addition of family members to the household. Whether for financial savings or safety, aging parents and adult children moving in created the need for more space—and not just another bedroom, but an additional living area required for another adult.
The real value of new construction homes
Why is a new home worth more than a resale? Consider these benefits that add real value.
#1. Everything is brand new, so you don’t have the cost of repairs or replacement in your line of sight.
Forget worrying about how long the water heater will last or if the furnace will get you through the winter. You don’t have to look at the cost of replacing the old windows with more energy-efficient ones (about $450 to $600 per window for vinyl). From the roof to the foundation—and everywhere in between—your home is new construction. And you have a builder’s warranty to protect you!
#2. Energy efficiency is included.
A new home is, on average, 30% more energy-efficient than a comparable resale built earlier. A home like the ones Medallion Home builds is even more energy efficient. You can save at least 20% on your utility bills. That adds up to significant savings over the course of your mortgage. Factor in the energy costs into the monthly mortgage. You might find that even if the new construction home costs more to purchase, the energy savings offset enough to make you reconsider!
#3. Resale value benefits the new construction home.
The resale home you buy today will be that much older when it’s time to sell it. If you were buying a used car, would you prefer one that’s newer and has fewer miles than something from the previous decade? Newer homes generally command a higher resale value than a comparable home that’s years older. Buyers want homes with fewer “miles” on them and more current features.
The value of new home design
At Medallion Home, we pride ourselves on excellent customer service and expert craftsmanship. We’re a homebuilder that brings impressive attention to detail and a high level of design when it comes to our homes in Central and Southwest Florida.
We combine our extensive building expertise with superior features and technology to give you a high-performing and custom-designed home that you’ll continue to appreciate in the years ahead.
Seeing is really believing. Use our virtual tours to browse Medallion Home models and see our available homes for sale in the Central and Southwest areas of Florida. You owe it to yourself to learn the pros and cons of buying a new home before you make this big decision. Medallion Home is here to answer your questions and personally guide you through the process of buying a new construction home.