Approximately 94 people per day moved to Miami-Dade, Palm Beach, and Broward County between July 2016 and July 2017. The area is growing quickly, and there are many new builds available. If you’re considering buying a property, you should decide whether or not a new build is the right option for you.
The Benefits of a New Build Home
There are several benefits of buying a new build. First, there’s the ability to customize your home. If you purchase your home in the early phases of the build, you can customize almost anything in your home. First, you get to select your floor plan. This gives you the ability to create the home of your dreams. Once the plan is selected, you could choose the flooring, wall color, and cabinet style.
Some houses are more customizable than others. For instance, a new build in a gated community will have some limitations. But you still get more customization than you would have in an existing home.
It’s unusual for people to love everything about an existing home. For instance, the home may not have the ideal layout. Unfortunately, this isn’t something you can change without planning a major home renovation.
More Energy Efficiency
Over the past few years, there has been a large push to create green homes. Builders are now making energy efficiency a priority. In addition to helping you limit your environmental footprint, this also lowers your energy bills.
If you buy an older home, it’s unlikely to be fully energy efficient. It might have an older HVAC system, windows that don’t keep in your cold air, and appliances that have high EnergyStar ratings. To make an existing home more efficient, you need to invest money into it.
When you buy a new build, you can ensure that it’s built to save energy. During the planning phase, speak to the builder about making it as energy efficient as possible. In the future, you’ll save money on your utility bills.
Fewer Health Concerns
An old home could have mold, asbestos, lead, and other health hazards. Even with an inspection, it’s impossible to tell whether or not the residence is free of toxins. If you discover an issue after you buy a home, you might spend thousands of dollars resolving the problem.
However, a new build does not come with those risks. You know the history of the home and don’t need to be concerned about lead paint or mold in the walls.
Recoup Your Investment Quicker
Finally, a new build could be a sound investment. Typically, new builds are easier to recover profit from than existing homes. After only a short time, you may be able to sell your home for a significant profit.
Meanwhile, an existing build takes more work to sell. If you want to make a profit on the sale of your home, you’ll need to make some repairs and improvements. This takes time and money, which you might not have.
Is a New Build Right for You?
New builds tend to cost more than existing homes. Furthermore, they aren’t ready for immediate move-in. That said, there are many advantages to buying a new build. If you’re considering it, contact us at https://www.luxuryrealestatemiamifl.com/. We will simplify the process and work hard to help you move into the home of your dreams.