If you're looking for a low payment, don't just look toward short sales and foreclosures, there are tons of reasons to look at new housing when you're searching for affordable and "cheap" living opportunities.
Cheap new homes give home buyers the opportunity to own a brand new house without a high payment. In most cases, the only thing cheap about a new home is the price.
The recent downturn in the real estate market across the country has made new homes more affordable and has forced home builders to compete with foreclosures and short sales. The result - affordable new homes built with high quality materials backed by top national builders.
Construction
Cheap new homes are often built by top construction trades, the same trades home builders use in more expensive residential communities. Additionally, builders save on materials by buying in bulk, so they'll use many of the same construction materials found in high-end homes in cheaper less expensive developments. This means that affordable homes are built by highly skilled contractors with many of the same materials used in high-end houses, and they're usually backed by a home builder's structural warranty. Currently, industry standard on a limited structural warranty is 10 years.
Features/Appliances
Buying a brand new home means that the flooring, counter tops, doors, hardware, lighting and appliances are new - the entire home is new. Furthermore, new home building today is, more often than not, "greener" than it was just a few years ago. It's common practice nowadays for builders to use energy conservation features like low flow faucets and toilets, tankless water heaters, dual pane windows and higher grade insulation. Cheap new homes today include brand new everything and energy efficient features as standard. Don't forget that most appliances come with a 1-year warranty, something you won't get when you buy resale.
Communities
Sure new homes have a lot to offer in terms of quality construction and included standard amenities, but the most valuable aspect of a new home might be the community it was built in. New home communities are usually packed with tons of amenities like greenbelts, tot lots, neighborhood pools, hiking and biking trails, nearby commercial centers and community clubhouses. Forget about the brand new home, a new community in a newly developed area will not only help with resale value, it provides a comfortable environment for a growing family.
Foreclosures and short sales are extremely attractive, but when you consider renovations, peace of mind, the "new" effect, คอนโด ราคาถูก and the surrounding area, you might just discover that a cheap new home makes more sense. Buy your next house in an affordable new home community, built by a top home builder, and you'll likely enjoy a low payment along with the many other benefits new construction provides.
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