One of the first decisions to make when considering a home purchase is whether to buy new or purchase an existing home. Though existing homes offer many benefits such as an established neighborhood, existing upgrades like window coverings and landscaping, and a potentially larger lot, new homes offer many benefits including:

• Warranties: Many builders offer warranties and in many cases, appliances and other new systems may also include direct manufacturers’ warranties for items such as stoves, dishwashers, etc.
• Modern Architecture: Newer homes tend to have certain layouts that most existing homes do not such as great rooms (oversized family rooms), larger closets, media niches and larger state-of-the-art kitchens. And, you may find newer homes are lighter, since builders today are using larger, more innovative windows, skylights, etc.
• Energy Efficiency: New homes tend to consume less energy than older homes. They are generally better insulated, have better windows, and more efficient central heating and air conditioning systems.
• Enhanced Electrical Systems: With the advent of home computers, microwaves, and other modern conveniences, new homes are being wired to accommodate electrical needs that didn’t exist when many existing homes were built.
• Healthy Living: New homes may offer health advantages, since asbestos is no longer used in shingles, floor tiles, ceilings or insulation. Lead is no longer used in paint, and formaldehyde emissions have also been eliminated from plywood and particle board.
• Price: Though the price of a new home may be more expensive than an existing one, your new home is likely to need fewer repairs or replacements since everything is…well…new, saving on potential maintenance and repair costs.
• Options and Upgrades: One of the greatest benefits of buying a new home is the flexibility in choosing certain options and upgrades, such as flooring, cabinets, paint, exterior colors, etc.