Who doesn’t prefer brand new over used? Unless you’re a fan of heirlooms, choosing new is the best way to ensure you’re buying something completely updated and backed by a warranty. When it comes to deciding whether to buy new or resale, you should understand why new construction homes are worth more.
Has anything changed in the last few years?
Is everything in your life the same as it was before 2020? The pandemic led to many lifestyle changes. Everyone left their classrooms and workplaces behind and set up shop at home… or in their vacation/second homes.
This transition demanded a dedicated home office and/or study space with privacy and quiet. More people working, studying, playing, and living under one roof also meant more meals prepared and consumed at home, so the kitchen became a non-stop hub of activity.
Another change since the pandemic is the addition of family members to the household. Whether for financial savings or safety reasons, aging parents and adult children moved in and created the need for more space. But not just an extra bedroom. Homes require the additional living space necessary for another adult to live comfortably.
The real value of new construction homes
Why is a new home worth more than a resale? Consider these benefits that add real value.
#1. Everything is brand new so you don’t have the cost of repairs or replacement in your future.
Forget about worrying how long the water heater will last or if the furnace will get you through the winter. You don’t have to look at the cost of replacing the old windows with more energy-efficient ones. From the roof to the foundation—and everywhere in between—your home is new construction. And you have a builder’s warranty to protect you!
#2. Energy efficiency is included.
A new home is, on average, 30% more energy efficient than a comparable resale built earlier. A home like the ones Regal Homes builds is even more energy efficient. You can save at least 20% on your utility bills. That adds up to significant savings over the course of your mortgage. You might find that even if a new construction home costs more to purchase, the energy savings offsets enough to make you reconsider!
#3. Resale value benefits the new construction home.
A resale home you buy today will be that much older when it’s time to sell it. If you were buying a used car, would you prefer one that’s newer and has fewer miles than something from the previous decade? Newer homes generally command higher resale value than a comparable home that’s years older. Buyers want homes with fewer “miles” on them and more current features.
The value of modern home design
Regal Homes brings fresh ideas to new construction. We know what kind of lifestyle and home design trends our buyers are looking for, and we incorporate them into our new homes in the Wasatch Front and Wasatch Back.
Our visionary flexibility gives you a high-performing home with features that you’ll continue to appreciate in the years ahead:
- Dedicated offices and lofts located to give you privacy
- Spacious kitchen islands with seating
- Outdoor living and gathering spaces
- Finished basements with tons of flexibility
- Whole home air filtration system for improved indoor air quality.
- Smart home features, such as smart door locks, video doorbells, smart thermostats
These are a few of the on-trend features of our homes, and even more reasons why new construction homes are worth more than a resale.
Seeing is really believing. Use our virtual tours to browse our models and see our quick move-in homes for sale in Cottonwood Heights and Heber City, UT. You owe it to yourself to learn the pros and cons of buying a new home before you make this big decision. Regal Homes is here to answer your questions and personally guide you through the process of buying a new construction home.