New built homes are becoming more and more popular, as more people search for ways to invest in the future without selling their current home. In a new build home, you will own your own property with no risk of selling it before you’re ready to move.
Building a Better Future: 5 reasons why you should choose a new build home
You Choose What You Want
With new build homes, you’re always in control of what you want in your new home. Many new build home designs allow you to customize your home to suit your needs and lifestyle, and there is a range of options available for you to choose from. You can also choose from a wide range of exterior cladding, roof colours, and fixtures, ensuring that you have plenty of control over the aesthetics of your home. You can even choose your home’s flooring, wall finishes, storage solutions, layout, and more to ensure that you get the right home for you.
New Build Homes Usually Increase in Value
New build homes usually increase in value over time. Because they are new, they don’t have the same established value as an older home that’s been in the area for a while. New build homes have typically been designed using the latest design and technology, so they are likely to have increased in value over time. As a new investor, you don’t have to worry about the impact that rising interest rates will have on the value of your investment. However, as an added bonus, you can use the increase in the value of your home to help you pay for your investment. Using home equity loans or lines of credit to buy more property is one way to ensure that your investment continues to grow.
New Build Homes Offset the Cost of a Move
Apart from choosing the home that you want, another benefit of purchasing a new build home is that it can help you offset the cost of a move. While moving is an expense, it often doesn’t have to be an entirely costly one. Regardless of where you currently live or where you hope to move to, there are certain factors that can help you offset the cost of moving. One way is to purchase a new home closer to your current home. This can help you offset the cost of moving both financially and logistically.
A New Build Home Can Be Merely a stepping-stone to your next home
New build homes are often a stepping-stone to your next home. This often happens when people choose a new building to get a better understanding of the property market and to see if they like it as a lifestyle. If you find that a new build isn’t right for you, you can usually sell it and use the profit to help fund your next investment. New build homes can also be a stepping-stone to your next home if you’re waiting to buy your first home. When you purchase a new build home, you have an opportunity to save for when you have enough money to buy your first home.
New Build Homes Offer More Flexibility When You Sell
New build homes give you more flexibility when you sell. Because they are new, they are likely to increase in value over time, allowing you to use your home equity to help fund your next investment. You can also choose to move to a smaller home if you need to down the road. New build homes also give you more flexibility when you sell because you can often sell your home as a new build. This means that you can put your home on the market as a complete package and list it as a new build.
New build homes from builders like Lambie Homes are also an attractive option when you’re looking for a home that will likely increase in value over time.