Buy New Home Construction Or Resale?

Amy Ryan, our newest Blogger, discusses advantages of Denver new construction in Reunion and Denver’s north suburbs.

My name is Amy Ryan. My team and I are active Realtors in Denver’s north suburbs. And, this is my first article on All Denver Real Estate’s Blog. Its about why some buyers choose Denver new construction instead of a previously owned home? I am excited  to be part of this group of neighborhood specialists talking about different Denver Neighborhoods

First, you should know that Denver new construction can be compared to resale homes side by side. Buyers do not have to decide in advance whether or not they want a brand new home. Realtors can show buyers both new and resale homes. They can see new homes for sale along with resales to see the differences. The most obvious difference is that new homes generally cost more. But, there are also four unique advantages to buying a new home.

Denver New Construction Advantages

Lokal Homes builds these new homes at Buffalo Run in Commerce City.

One of the main pros of buying a new construction home is that there are many opportunities to tailor a home to meet home buyer’s needs and their style.  Several features of the home can be customized depending on which  builder, development and budget you choose.  Flooring, colors, and appliances, and even in some cases, the floor plan can be customized.  You can even pick exactly where your home is located because you pick the lot and the view.

Go Green

The US Department of Energy has implemented a Building Energy Codes Program. It aids the building industry to develop homes that comply with state and federal codes.  That, in turn, facilitates the construction of up-to-date, energy-efficient homes using eco-friendly materials and appliances.

Shea Homes builds some of these homes under $300,000 in Reunion.

There is no comparison between Denver new construction and pre-owned in terms of energy efficiency.  New is much better. And, there are state and federal codes to ensure it. In addition, new construction homes are built with modern fire-safety features and materials including more advanced, hard-wired alarm systems.

More Time Living, Less Fixing

Of course, new homes require less maintenance and repairs than a previously-owned home. Since innovative materials are now available to builders, new homes are now more advanced technologically. Often, those don’t require maintenance or replacement nearly as often. Of course, even the most impeccably-maintained re-sale home has years of living and ordinary wear and tear. Also, re-sale sellers typically do not make allowances for  that normal wear and tear. You get everything new with a builder.

Denver Builders Are More Flexible

Oakwood Homes builds these affordable models at Green Valley Ranch.

Because of the volume of homes they build, resources and nature of the business, builders are more likely to negotiate allowances for the home buyer. For instance, many builders will cover any repairs or problems that occur within the first year of home ownership. Additionally, they often agree to do repairs or replacements on many other elements of the home that fall under extended warranty periods beyond that first year. Also, builders are more likely to be able to compromise on certain things since they are dealing with a high volume of inventory.

Individual home sellers often have an unrealistic view of the value of their home. Moreover, builders are typically more flexible than individual sellers. For example, a Seller/Owner is less likely to move a wall or cabinet while a builder sometimes will.  Finally, Denver new construction builders may be able to offer financing options that a private home seller cannot.  For instance, you may be able to have closing costs paid or a lower interest rate.

Building a new home with help of your Realtor gives you a great advantage. Your Realtor is on your side and knows the different Builders and how they work. Of course, you don’t pay anything to have a Realtor as your advocate. Contact me on this form to get information about new homes throughout Denver’s north suburbs.