Understanding why buy a NEW home in Irvine and Orange County: Few advantages over buying a pre-owned or used home.
Endless advantages of buying the home: The advantages of owning a home are substantial, talk to your CPA and confirm how much tax advantage you will get for owning a home towards the Interest paid on the Mortgage. As the time passes by and you increase the equity of your home the line of credit can also add up to your deductions. The money you save by not making someone else’s mortgage can now be used for paying of your own mortgage.
Always remember you family now has a place to call it Home, you can live and enjoy the life your way without worrying about rising rents and land lords rules and instructions. And most importantly you have more time available to pay attention to your loved ones than being a weekend warrior fixing and maintaining old home
Other factors to consider
- There is definitely less cost of maintenance and renovations.
- The upkeep cost is much lesser than the old homes. .
- The utility cost and home insurance of the old home can be 10% – 20% percent more.
- Many homes offer radiant-barrier roof decking, Hi efficiency HVAC, programmable t-stat, Low-emissivity windows, enhanced insulation
- New home builders offer warranties for extended time, no such option when you buy a pre-owned home.
- New homes the plumbing has less joints and lesser noise, faster delivery of hot water as and where it is needed.
- More new homes now use special sill pans & flashing help to keep walls dry and to prevent window leaks
- Also they watch for small details like high-performance caulking, it helps keep the cold and heat outside
- Contrary to normal belief the re-sale value of the new homes is better
- Older homes are styled old. New codes, architecture and trends are one of the most attractive features for the newer generation.
- Buy the best you can afford so it grows and build a nest egg for you later years.