From U.S. News and World Report
As the mortgage crisis continues to inundate the market with distressed properties, today’s house hunter has no shortage of cheap, foreclosed homes to pick through. But despite all those deals in the previously-owned home market, consumers shouldn’t overlook the potential benefits of buying a new home. “New homes usually sell higher per square foot then resale homes,” says Jack McCabe of McCabe Research & Consulting. “But their selling points, I think, are pretty strong.” To help consumers better understand the advantages of new home buying, U.S. News spoke with a handful of experts and compiled a list of 9 reasons to choose a new home over a resale:
1. Customization: Many home builders allow buyers to participate in the process of designing their property, which helps create a living space specifically tailored to the consumer’s tastes. New home buyers, for example, can often decide where their bathroom might go, choose their favorite type of flooring, or pick the color of the exterior paint. Buyers moving into a subdivision can sometimes even pick the lot they like best. “There is a lot of flexibility for [new home buyers] to kind of put their personal signature on the product,” says Patrick Costello, president of Forty West Builders. “Those kind of things you can’t do with a used house—it’s just not possible.”
