That said….unless you believe the sky is falling (our economy), the market will change and improve…values will begin rising again……Frankly.. it is the “best time to buy” right now. if you are buying or “moving up” ….why…values are at or near the lowest they will be…..interest rates are at historically low levels (they will go up)…..and now the government is providing a great tax incentive for first time home buyers ($7500 ……it is truly the best time to buy…..and I might add ……. There are more good reasons to “buy new, buy now”.
Why new vs. old?…..
- Prices
Prices are the best they have been in years. - Sites
Sites in new communities are at great pricing. You can purchase a home site in a world class new community at a great value. - Building costs
While material costs have not come down across the board…some materials have (law of supply and demand) so costs are reasonable….and … we as builders have improved our efficiencies…to bring even greater value….. and we have sharpened our pencils…best values! - Green Built and Energy Savings
A well constructed new home is astronomically better than the majority of homes in the existing home market. Savings of hundreds of dollars a month can be found. Savings in energy, savings in materials….saving money…all are examples of good stewardship of our resources…and is very friendly to the environment…..green…..
Example: A new Eastbrook Home, built with our DR Nelson Technology and Energy Star Plus® standards, offers as much as $116 per month savings compared another new home built to base code requirements.
Compared to an existing home….say 15 years old…the savings will be much much more. (contact me to review these savings) - Maintenance
Maintenance of a new home is much less than old……materials used today are both more durable and almost maintenance free. The amount of work you are required to do (and time to do it) on your home…is less….more time to spend with your family or whatever “trips your trigger”.
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