There’s more information available these days than ever, but for some reason the myths about building/buying new homes persist. As London, Ontario based home builders, we’ve heard our fair share of new home building myths. In an effort to dispel some of these inaccurate and misleading myths, here are our responses to the top four new home building myths we’ve been told over the years…
New Home Myth #1: Building a New Home Won’t Save You Money
We know: those home flipping shows make working on a fixer-upper look glamorous. The truth is, though, that buying an older home is usually anything but glamorous. Heating systems go, pipes burst, porches collapse. Even in the best case situation, you’re dealing with a house that simply wasn’t constructed with energy efficiency in mind. You may shave a few dollars off the initial price by buying an older home, but in the long run that new home will save you far more money in ways you can’t plan for when you go with a fixer-upper.
New Home Myth #2: Financing a New Home is a Hassle
This couldn’t be more inaccurate. Getting financing for a new home build works the same exact way as financing a previously-built home. In fact, when you finance an older home, your lender may require that certain repairs are done before you sign on the dotted line. When you buy a new home, there’s often less red tape.
New Home Myth #3: They Don’t Build ‘Em Like They Used To
Well…yes. We don’t build new homes like we used to; we build them better. If you’re looking at a house built in the 1960’s versus a house built in 2018, a lot has changed with construction and technology over the years. When you build a new home, you can actually take advantage of all the years of advancement and end up with a home that’s of a higher quality, more reliable, and more conducive to modern life (think: smart appliances, solar panels, and energy efficiency).
Myth #4: New Homes are Boring
All homes were once new homes. The truth is that new homes have as much character as the people who buy/build them. When you work with Forever Homes, for example, you work with a team of designers and developers to get the features, floor plans, architectural touches that really work for your lifestyle and preferences.
If you’re interested in building a new home, don’t let the naysayers talk you out of it. Every home purchase, new or old, is a commitment, of course, but new homes have a lot to offer that older homes simply can’t compete with. And, if you’re in the London, Ontario area, give Forever Homes a call to chat about all the benefits and options for your new home build.