Monday, February 1, 2016

Why Buy A New Home?

By Hudson Winthrop


Many today are engaged in a search for their new home. Some may be drawn to well-seasoned neighborhoods with decades-old homes, while others prefer to venture to younger housing developments or newly built houses. At this time there is no shortage of suitable homes just waiting for a sensible investor to swoop in and make the purchase. One avenue available, is buying a foreclosed home which can be bought at an amazingly reasonable price at an auction. Another option, is purchasing a small group of houses that the owner can profit from by renting to a number of tenants. And don't forget, at this time there are tax incentives in existence for those who choose to buy a house.

It would be wise to purchase a home now, despite the dramatic price reduction in the home market. Purchasing a home now can be a beneficial decision when the market evens out again. In a newer home there is a lot less upkeep and maintenance since all the running units inside have had little to no use. The buyer's market never stays still, it is constantly changing. At some point the number of families looking to buy will increase, as will their desire to live in a modern home.

Many are once again longing to belong to a neighborhood that has a personable, community-based atmosphere. As a result, a number of these newer housing developments include features such as child recreational areas, walking and biking paths, and even at times a pool available only to community residents. Families can have peace of mind in these neighborhoods considering gated security is often available.

The technology of this world is not made to fit in the seasoned home of 20 years ago. They are simply not built with the adequate room for a long flat-screen TV or the large surround sound systems that are becoming a staple to the modern family. This type of change has led to other alterations in the average home design, such as including a double oven and large island in the kitchen for mom, having a full in-home theatre for dad, and a sound-proof music room that can be good for children (and parents).

After taking a good look at these benefits of buying a home, you still have the choice of whether or not to buy a home. Yet there can be a large number of benefits, like you have seen here. Purchasing a newly built home while the house market is still relatively low can be a wise investment.




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