If you’re thinking about buying or building new construction consider these pros & cons:
Pros of New Construction
- Custom-fit: Customizing your new home is the biggest pros of building new construction. It gives you the chance to design almost every inch of space to meet your needs.
- No renovations: When you build or buy new construction, there’s no need for updating because your home will be up to date with materials, colors, and design from day one.
- Builder warranties and financing incentives: Many builder warranties will cover anything that happens to the home within two years of the date of purchase.
- That new home smell! Moving into a new home knowing that no one has ever lived there is an amazing feeling — plus, major systems and appliances won’t need replacing anytime soon.
Cons of New Construction
- Cost: All that custom stuff? It comes with a price. On average, it costs around 20% more to have a new home built than to buy an existing one.
- Limited options: Unless you build an entirely custom home, you may be limited in your design, floor plan, and finishing options.
- Fluid sticker price: Because of delays, change orders, and added costs, it’s hard to know how much your new home will cost until the welcome mat is out.
- Timeline: You can be kicking your feet up in an existing home in as little as 30-45 days. New construction? Stretch that timeline out to at least 3-12 months.
Considering new construction? Use my guide to assist you through the process. There you’ll find questions to ask the builder, pros & cons checklist, lender information, a list of builders and some of the available communities in West Michigan and more! Click here to download!!