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Taking all this to account it is also important to note that mortgage payments will be greater with the higher purchase price of a newly-built home. However, the lower operating costs means that the home buyer will have annual costs that are the same as if they’d bought a lesser-priced, older home with a smaller mortgage payment and higher operating expenses.
Not only is the cost the same but benefits of newer homes also include open space floor plans, creative storage options and entertainment resources that cater to modern lifestyles. You will also have the peace of mind that the home you are buying is safe and meets modern codes and standards.
For a family working with a fixed annual budget, new-construction homes offer outstanding comfort, convenience and overall cost savings,” said Judson. “Put that together with today’s near-record low interest rates and competitive prices, and the time has never been better to buy a new home.”
So taking some advice from the NAHB and thinking about what you want in a home, perhaps it would be worthwhile to entertain building your own home to meet your needs. Take a look through The House Designers best-selling house plans and be on the way to the home of your dreams. The cost estimator can even help you figure out how much your new home with cost to build.