Investing in new construction homes can be lucrative and rewarding. You can buy a new construction home with all the features you want. In addition, a new home is built from premium materials and can include state-of-the-art appliances and systems. Thus, your new home can serve you well long into the future.
For new home construction in Oklahoma City, trust TimberCraft Homes. We offer many options for new construction in OKC. If you want to learn more about new build homes in OKC, we’re here to help. And, if you are weighing the pros and cons of constructing a new residence, we can explain why new construction represents a good investment.
Why Is New Construction A Good Investment?
Are new construction homes a good investment? Absolutely — to understand why, consider these benefits of buying a new construction home:
Personalization Options
There’s no such thing as a one-size-fits-all new home. You can choose from a wide range of designer features to personalize your new home with flooring, paint colors, and other interior and exterior features that make you smile. On top of that, you won’t have to commit time, energy, and resources to complete various home interior and exterior projects after your move-in.
Top-Notch Materials
New construction homes include top-notch materials that will last for years to come. A reliable home builder identifies the best materials for new residences that are up to code and look great.
Low Energy Costs
New homes can include energy-efficient appliances and systems to help you keep your energy costs low. Plus, moving into an energy-efficient residence helps you minimize your carbon footprint.
Warranty Coverage
Many new homes include a builder warranty that covers plumbing, electrical, and other house systems. A new home builder can explain its warranty coverage in detail. The builder will let you know what a warranty covers, how long it lasts, and how to get warranty repairs.
No Immediate Maintenance
If you purchase a used home, you may need to replace or repair your residence’s roof, HVAC system, or other parts immediately. Comparatively, a new home has a roof, HVAC system, and other essentials that are being used for the first time. As such, you won’t have to worry about repairing or replacing any of these things right away.
Home Buying Incentives
Your home builder can connect you to a preferred lender with incentives you won’t necessarily find with a bank or credit union. These incentives can help you minimize your closing costs, get a low-interest rate, and more.
Are New Construction Homes Worth It? What You Need to Consider
New construction homes are worth it if you do what’s necessary to get the most value out of your investment. Thus, if you are considering new construction homes in OKC or elsewhere, you need to plan accordingly. By doing so, you can purchase a new home and maximize your return on investment.
Before you buy a new construction home, here are four factors you need to consider:
Workmanship
Learn about a home builder’s past projects and check out the builder’s available homes to see the residences it’s constructed. From here, you can get a good idea about the builder’s workmanship. And you can make a decision on whether the builder can provide you with a home that lines up with your expectations.
Price
If you are interested in moving forward with a home builder, check out the prices of homes in the area where you want to live to ensure the home you’re interested in is priced competitively. When comparing prices, it’s best not to focus strictly on the price per square foot but rather keep in mind factors such as location, school district, materials used in the homes, and craftsmanship.
When comparing to used homes, remember that new homes are built with better materials, subject to higher code requirements, and are more energy efficient. In addition, although purchase prices for new homes may be higher than used homes, the near-term and long-term costs can be higher for a used home when considering deferred maintenance, costly repairs, more expensive insurance premiums, and higher utility bills.
Also, with a newly built home, you can have the ability to choose certain options to help keep the ultimate cost of the home in your budget. You can find out if a home builder offers preferred lender incentives as well.
Guarantees
Find out if a home builder guarantees its work — if it does, you’ll know what you’re getting out of your house build. A guarantee gives you the assurance that your home will be built on time and on budget. If for any reason you’re not 100% satisfied with your home, your builder will make things right.
Warranty
Partner with a home builder that stands behind its work. The builder works in lockstep with buyers to ensure that their needs are met at each stage of the home construction process. Once your home is complete, you can reach out to the builder if any issues come up. If a warranty is in place, you’ll be able to get home repairs without having to pay for them.
Ready to Invest in New Home Construction?
TimberCraft Homes is a leading choice for new home construction in OKC. We use the best materials and proven processes to build new residences that meet home buyers’ requirements.
Our team can walk you through all aspects of new home construction. Contact TimberCraft to learn more about purchasing a new construction home.