Ask the Pros: Your Top Questions About New Built Homes Answered
Are you considering buying a new home but have questions about the process? You're not alone! Here, we address some of the most common concerns and misconceptions about new built homes to help you make an informed decision.
1. Is buying a new home more expensive than buying a used home?
When considering whether new homes are more expensive than used homes, it’s crucial to look beyond the initial price tag. While the upfront cost of a new home might seem higher, it often includes a variety of modern amenities and warranties that translate into significant long-term savings.
Repairs for an older home can add up. Although they will vary based on the size of areas to be updated, here are some typical repair or renovation costs for used homes:
Replace failing HVAC: $7,000
Replace old roof: $9,072
Replace old water heater: $1,217
Remodel outdated kitchen: $26,240
Replace old, faulty windows (15 count): $8,460
Repaint inside of used home: $6,500
Replace old dated flooring (carpet & vinyl): $4,389
Re-pour old, damaged driveway: $3,000
Replace dated siding: $11,676
Repair drafty home by replacing old, sagging insulation: $2,900
Repair outside of used home (paint, trim items, gutters): $4,249
Replace dated exterior doors: $1,087
Total Cost for Repairs: $78,344
In contrast, purchasing a new Cristo home includes all these essential features at no additional charge:
All new 92 percent high-efficiency furnace
New 25-year warranty lifetime architectural roof
New customizable cabinets and countertops
All-new energy-efficient windows
Newly painted interior with your choice of paint
All-new driveway
All-new low-maintenance siding
All-new Energy Star qualified GE appliances
Enhanced exterior finish products
Planned landscaping design
Total cost included: Everything is included in the purchase of your new built home, highlighting the potential savings and convenience over the costs of updating an older home. These savings often shift the balance in favor of investing in new builds.
2. What are the benefits of buying a newly built home?
New homes offer a host of attractive benefits:
Customization: You have the freedom to personalize aspects of the home, such as layout details, finishes, colors and materials, ensuring it aligns with your lifestyle and aesthetics.
Energy efficiency: Modern construction standards emphasize sustainability. Energy-efficient HVAC systems, high-performance insulation, windows and Energy Star-rated appliances contribute to lower utility bills month after month and a smaller carbon footprint.
Less maintenance: With everything being brand new, there’s significantly less maintenance required compared to older properties. This translates to fewer repairs, less stress and more time to enjoy your home.
Warranty protection: Many builders offer comprehensive warranties on the home and its systems, providing peace of mind that you’re covered for many potential issues.
3. How long does it take to build a new home?
Building a new home generally takes between six months to a year. The timeline can vary depending on the size of the home, complexity of the design, custom features and even weather conditions. It's important to have clear communication with your builder to set realistic expectations and accommodate any unforeseen delays.
Want to live in a new home without the wait time? Check out our quick move-in homes!
4. Can I inspect a new construction home before buying?
Yes, absolutely! Buyers are encouraged to perform inspections at various construction stages. This ensures that the build meets the required standards and allows you to address any concerns directly with the builder before the closing process. Regular inspections during key phases like foundation, framing and finishing can provide an added layer of assurance.
5. Are there financing options specific to new builds?
At Cristo Homes, we collaborate with preferred lenders to offer special financing options or incentives. These can include covering closing costs, providing interest rate buy-downs or offering other financial perks. It’s advantageous to explore these options, as they can lead to significant savings over the life of your mortgage.
6. Do new homes appreciate in value?
New homes can appreciate over time, much like any real estate investment. Key factors influencing appreciation include location, market trends and the quality of the local amenities and school district. New homes often integrate with planned communities or developing areas, which can positively impact property values.
7. What should I look for in a builder?
Choosing the right builder is crucial. Consider the following:
Reputation: Look for builders that maintain a strong Better Business Bureau rating and offer positive testimonials. Speaking with past clients and visiting other homes built by them can provide valuable insights.
Quality of work: Assess the quality of materials and craftsmanship. Visit show homes or completed projects to gauge their standards.
Transparency: Opt for builders who maintain clear communication about costs, timelines and potential issues. A transparent approach helps in building trust and ensures smooth progress.
Warranty offers: Review the warranties provided. A good builder offers comprehensive coverage that ensures peace of mind for years to come.
Why Choose Cristo Homes
Buying a new home offers substantial benefits, from reduced long-term costs to the ability to customize features to your liking. By understanding the process and potential advantages, you can confidently decide if a new built home is right for you.
Since 1963, Cristo Homes has been Cincinnati’s leading new home builder, building affordable and innovative new homes for families. We share a commitment to customer satisfaction and community development, and offer a range of new construction options tailored to diverse lifestyles and preferences.
Contact us today to discover the future of homebuilding in Cincinnati and talk about finding the perfect place for you and your family.