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BuyNewBuyNow™ wants you to know all the facts about new home ownership to help you make an educated decision when it comes time to make the biggest purchase of you life. We are here to help you make your home more than just a house. Buy new and buy now. It's the smart thing to do for people looking for equity, appreciation and money saving tax deductions. While some naysayers point to a softening of the new home market, the reality is that there has never been a better time to buy a new home. |
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Learn more about why a new home is right for you, and about the home buying process. |
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The New Housing Market is Still Going Strong Despite Economy Changes When it comes to new home sales, it seems that most of the country today has written off the housing boom. In the face of rising interest rates, fewer new housing starts and increased resale market time it would seem that what the media says is true, but the real truth is that today is still a great time to buy a new home. While the aforementioned items are true they are taken out of context. Interest rates are still at historically low levels, housing starts are still higher than they were 15 years ago and...well...the resale market leaves a lot to be desired. What is a consumer to do in today's market? The simple answer is buy new and buy now. A new home still has all of the advantages that it always had with some advantages that are coming to the forefront in today's market. Right now builders are offering incentives and mortgage companies are offering buy downs. This makes for an extreme amount of affordability and increased buying power that was not even there two years ago during the height of the housing boom. With the upgrades many builders are now including as standard in today's new construction homes you and your family can enjoy amenities, such as hardwood flooring and granite countertops, that you never thought you would be able to afford. Buyers can utilize the incentives they receive from the builders and mortgage companies to help build immediate equity in their new home. In a resale home what you see is not always what you get. Even if an inspector gave the house a clean bill of health when you bought it, problems with wiring, plumbing, heating or even a roof leak can surface months, or even years later. Then the pipes leading to the upstairs toilet break. Of course you didn't notice before you left for work. Upon arriving home, the ceiling below the bathroom is ruined, as is the floor of the bathroom and the walls around it. Who do you turn to? New homes offer long-term warranties and a builder that will stand behind their product. If something goes wrong they will be there to fix it. This allows the buyer to sleep at night and not worry about a huge expense incurred by something completely out of their control. Your sleep will be even better knowing that your utility bills will be easily affordable this month. New homes today are built with energy efficient materials that were not available when most older homes were built. Advances such as Tyveck house wrap and R-84 insulation keep the power bills low. Today's society is hooked on electronics. In an average home today there are computers, televisions, stereos, home theatres, microwaves and countless other devices that put a strain on outdated wiring systems. The wiring found n many older homes is inadequate to meet the demands of all of the electronic gear typically found in homes today. You will never blow a fuse or have to turn off the air conditioning to plug in the toaster in your new construction home. The circuitry in new homes is not only built to accommodate today's lifestyle it is built to efficiently accommodate today's lifestyle. Sweat equity. That is how you make money on a resale home. The improvements and what you put in are what you take out. With a new home there is near guaranteed appreciation. A new home in a developing area will be worth more money a few years after you buy it. A resale home, without improvements, in an old neighborhood may stay stagnate. The equity you build even from a small new home is a stepping-stone to the rest of your life. The next home you buy will be bigger and better because you are able to leverage your last home. While a lot may be made in the media about the softening of the housing market, the bottom line is that the market is as good if not better than it has ever been for the buyers. It is still a great time to buy a new home. The perception of a falling market is driven by the leveling of an industry that has grown exceedingly well for several years. Not surprisingly, there is not enough land or demand to drive the kind of consumption that has occurred over the past decade. Buy new and buy now. It's the smart thing to do for people looking for equity, appreciation and money saving tax deductions. While some naysayers point to a softening of the new home market, the reality is that there has never been a better time to buy a new home. BuyNewBuyNow wants the consumer to know all the facts about new home ownership to help them make an educated decision when it comes time to make the biggest purchase of their life. We are here to help you make your home more than just a house. BuyNewBuyNow.org is a group of like-minded builders committed to providing the best home for the fairest price. It is our goal to let consumers know what is really going on in the real estate market. We pride ourselves on the quality of our craftsmanship and the honesty of our word. BuyNewBuyNow wants the consumer to know all the facts about new home ownership to help them make an educated decision when it comes time to make the biggest purchase of their life. We are here to help you make your home more than just a house. For more information on our mission please visit our website at www.buynewbuynow.org. # # # For updated information please contact Buy New Buy Now at 630.782.8122 or nsmilgys@buynewbuynow.org.Submitted 9/8/2006 11:16:14 AM Back to Press Room |
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