Home buyers need to look beyond the initial sale sprice when considering whether to buy new construction or an existing home. The higher costs of operating an older home can often mean buying a new home with more energy efficiency. This will allow them to spend more on a new home as the annual operating costs are less.
While mortgage payments will be greater with the higher purchase price of a newly built home, the lower operating costs mean the home buyer will have annual costs that are about the same as if they'd bought a lesser priced older home with a smaller mortgage payment and higher operating costs.
Other benefits of new homes include open space floor plans, creative storage options and entertainment resources that cater to modern lifestyles, as well as the safety consideration that the structure was built and wired to modern codes and standards.
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Suzi Boyle | Idaho Home Loans | FHA Home Loan | VA Home Loan | USDA Home Loan | Jumbo Home Loan
Suzi Boyle 1880 S Cobalt Point Way, Meridian, ID 83642
Idaho FHA, VA, USDA, Conventional, Jumbo and Investor Mortgage loans in Idaho.
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