By Meghan Belnap
If you’re ready to move, you can save a lot in the long run by buying a house that’s brand new. Many new homes on the real estate market include features that are designed to ultimately reduce household expenses, which will make it easier for you to pay your mortgage, utilities and other important bills on time.
Related: 5 Reasons to Build a New Home
Here are a few ways that buying a new house will save you money:
Fewer Costs for HVAC and Electrical Systems
With a new home, you’ll have a heating, air conditioning and ventilation system along with an electrical system that'll likely last a long time. Many modern systems are made with parts that are designed for longevity. The newest systems are also designed to run more efficiently so that less energy is consumed for the same output. This means that your utility bills will be significantly lower than with older systems.
Newer electrical wiring will also mean that you won’t have to pay for more outlets to be installed. Old homes have very few outlets with outdated socket types. Overall, newer homes are simply more up-to-date.
Avoiding Plumbing Failures
Old pipes are prone to cracking and leaking, which can result in costly repairs to your plumbing system and other parts of your home. A recently built home will come with a new plumbing system that'll likely feature state-of-the-art pipes and fixtures. With a modern plumbing system, you’ll also be less likely to experience faucet leaks that can make your water bill jump.
Having a new house also means that you don’t have to worry about the wear and tear on the plumbing caused by previous owners. Poor drain habits can cause serious damage to a system that may not even manifest itself for a year or more. Buying a newly built home means that you know exactly what you’re buying with your plumbing.
Cost-Effective Modern Building Design
The best new home builders who specialize in modern design can save you money by building a home from the ground up that will cut many of your household expenses. Advances have been made in regards to insulation materials and techniques. Low-E glass windows are just one of many new enhancements that weren’t available when older homes were being built. Having a modern construction also means that new, recycled materials can be used that are just as strong as traditional materials but come at a fraction of the cost. Recycled steel, timber, and even glass are just a few of these materials that aren’t available with older buildings.
Better Energy Efficiency
Energy efficiency is further enhanced when a modern home has a new roof and foundation. Money is often wasted when old roofs and foundations have cracks that allow heat and cold air to escape from a home. Having a professional modern builder handle the roof ventilation will also help ensure that you don’t lose more heat through your roof than you have to, easing the load on your appliances. Having a new foundation in place also means that you can ensure that it is properly sealed when you buy the home. This helps prevent water damage from leaks and flooding that may occur in your area.
There are many advantages of moving into a new house. Even though the initial cost of buying a recently built home may seem like a lot, you’ll likely experience plenty of benefits that can reduce your expenses and help you manage your household better over time. Whether you’re planning to stay for five, ten, or even fifty years, buying a new home will save you a great deal of money in repairs and maintenance later down the road.
Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com
