Thinking of buying a brand new home? Before you do, take this quiz to see how much you know about new construction, and the benefits that could lie ahead for your family. True or false:
New homes use less energy. True. New homes are often dramatically more energy efficient than older ones. Consequently, you will end up saving money each month on utility bills.
Building is the easiest and fastest way to get a new home. No. Building isn’t the easiest way to get a new home. But it isn’t anywhere near the hair-pulling experience of purchasing a short sale or foreclosure either. You’ll obviously have to wait for your home to be completed. But because it’s new, you won’t be spending time and effort after you close doing tasks such as painting, laying new flooring, replacing appliances or anything else you may have to do when purchasing an existing home that needs updating or repairs.
With a new home, you get a warranty. True. A newly built home comes with a home warranty. Read it carefully so you know what’s covered. Individual components of the home may have their own warranties as well.
New homes, on average, have fewer maintenance issues. True. It’s like buying a new car. All the systems in a new home are brand new. Enjoy the first months and years in your new home. You’re getting a break on many of the home repair issues that those who have purchased existing homes have to worry about.
Want some more quiz questions? Check out the entire home-building quiz at this link.