Many home buyers -- about 41%, according to one survey -- would prefer to purchase a newly constructed home.
There are three different types of new construction:
Spec home -- A newly built home that no one has lived in that's move-in ready;
Semi-custom home -- An under-construction or yet-to-be-built house in a development of similar houses that allows you to choose from a set of finishes and upgrades; and
Custom home -- A house built on a lot you purchased, that is designed and built to your specifications.
There are a number of potential advantages to owning new construction.
1. First, the obvious: No one else has lived in the home before. Every appliance is shiny, the carpet is clean and the paint is perfect. It's got that "new home" smell, with no lingering pet odors -- or worse. And there are no wear-and-tear issues from the home's previous occupants. You and your family will be the first people to make memories there.
2. You don't have to deal with the outdated decorating decisions of the previous owners. A newly constructed home will reflect your style, not someone else's tastes.
If you opt for a custom or semi-custom home, you will be able to make decisions about the color palette, the style of the counter tops and fixtures, the type of flooring and more.
Even if you purchase an already completed spec home, the appliances, fixtures, finishes and paint colors will reflect current trends.
3. A new home may have a more modern, open-concept floor plan. It's designed for the current lifestyle so it will appeal to more buyers.
Today's families prefer large kitchens with eating areas that open into the family room and big bathrooms with separate showers and tubs. Most older homes are divided into many rooms including a formal dining room and small bathrooms.
4. New homes save money on utility costs.
Construction companies now install double-pane windows that prevent heated or cooled air from escaping. They also use better insulation and exterior doors that seal tightly.
And new houses often feature energy efficient water heaters, refrigerators, dish washers, washers and dryers, furnaces and air conditioning units. Older appliances cost more money to operate.
5. Maintenance and repair costs should be low, at least for the first several years.
In a new house, all of the home's big ticket items are new: the roof, the heating and cooling unit, the electricity and plumbing. The appliances and building products are under warranty. If they are defective, they will be replaced at no charge.
And builders often offer a one-year warranty on new construction. That means they will take care of any repair work that's necessary in your new home at no charge for the first year.
So owners of new homes should not have any of the unexpected large expenses that may plague owners of older homes.
Tyre Realty Group agents know Greenville, Winterville, Chicod and the rest of Pitt County well and represent builders Caviness & Cates and NCCI New Homes. Contact us to arrange showings in the area's new-home subdivisions such as Glen Castle at Irish Creek, Harris Ridge, Taberna, Laurie Meadows and Villa Grande.
To keep up with Greenville real estate and Winterville real estate news, home-buying and home-selling tips, decor and landscaping ideas, giveaways, and eastern North Carolina happenings, make sure to Like the Tyre Realty Group Facebook page.