Mortgage rates are continuing to rise, but housing prices have finally begun to cool down in the U.S. housing market. Despite the chance homebuyers have to invest in an older home, it’s not a good idea to overlook the benefits of buying a new home.
Older homes tend to have a lot of the architectural styles that many homebuyers like, but older homes also come with their own set of electrical problems, plumbing issues, and other factors that can make them a problematic investment.
That said, if you’re considering buying a home this winter, here are a few reasons to consider going with newly built homes.
Older homes may have a lot of character and charm on the outside, but the utility bills that come with them aren’t as charming. If you’re buying an older home that comes with older appliances, you may have to invest in new appliances to make your home more energy-efficient. Those expenses add up.
Newly built homes don’t come with that problem. They come with newer appliances that already more energy-efficient than those in older homes.
Newly built homes in Houston need fewer repairs and less maintenance
Newly built homes come with new everything, not just new appliances. That means you’re investing in a new roof, new electrical, and new plumbing when you purchase a new home. There are fewer repairs and maintenance upkeep that you need to worry about.
Unfortunately, older homes need a little extra elbow grease to stay in good shape. The furnace may be decade old or you may need to replace the roof in a few years. You never know what to expect until you get an inspection.
You can worry less about structural issues
Winter is approaching, which means homeowners will soon need to worry about condensation developing in their attic insulation. Condensation buildup that has gone uncared for can cause mildew, mold, and other structural damage.
When you invest in an older home, you don’t know if previous homeowners have taken care of the attic insulation as well as you could have.
Where can I find newly built homes in Houston?
Since 2008, the U.S. housing market has grown by 11.4%. With housing prices finally slowing down, now may be one of the better times to purchase a new home.
If you’re looking for newly built homes in Houston, Dallas, or Fort Worth, Camden Homes has the model homes you’re looking for. To learn more about our new construction homes in Houston, Dallas, or Fort Worth, contact Camden Homes today.