Jul 16, 2012
One of the biggest advantages of buying a new home over renting is that you will be building equity in your home over time. While rent continues to go up each year, if you procure a fixed-rate mortgage, you will continue to pay the same amount each month, year after year. Over time that can add up to a huge savings. In addition, you will be building equity in your home as you pay off the mortgage, especially if the property value increases which they generally do over time. There are additional expenses with home ownership compared to renting such as paying property tax, but if you plan on staying in the same area for awhile, it’s almost always smarter to buy than rent.
There are also advantages of buying a new home as opposed to buying a pre-owned home. You can often purchase a new home before it is completed, or even started, which will allow you to make any available structural options and select upgrades to get the home of your dreams. If you purchase a previously owned home, you may have to spend additional money to change paint colors, wallpaper, and other finishes, or even remodel the kitchen, bath or other rooms to get the house the way you want it. New homes also come with a warranty which you generally don’t get with an existing home.
Another advantage of buying a new home is that they are much more energy efficient than pre-owned homes which can save you money every month. Local and state building codes are upgraded each year and continue to increase the energy efficiency of new homes. The appliances and systems such as HVAC, plumbing and electrical are brand new and under warranty making the economic life of the home longer than a pre-owned house.
If you are considering buying a new home, it pays to get organized and use all the resources available to you in order to get a new home that you and your family will enjoy for years to come.
McKee Homes works with homebuyers to help them with financing, floor plan options and selections for their new home, as well as learning about the neighborhoods and communities where we build in Fayetteville, Pinehurst, Southern Pines and Aberdeen, Raleigh and Wilmington, NC.
When considering where to buy a new home, you’ll probably start your search online, but it’s also a good idea to make an appointment to walk finished homes to get a feel for which floor plans fit your needs and make you happy! You can also see where the neighborhoods are located, how far your commute to work would be, and how close they are to stores, schools, churches, and other places that you frequent to make sure you will be happy living in that area. McKee homes offers a variety of floor plans with square footage ranging from around 1,500 sq. ft. to almost 4,000 sq. ft. with a variety of amenities so you can choose the community and area that best suits your lifestyle.
McKee Homes’ preferred lender is CMG Financial. CMG Financial provides excellent home financing services, and takes pride in educating our customers so you feel empowered to make knowledgeable and informed decisions regarding your financial future.
Options and Upgrades
McKee Homes offers presale agreements for customers who want to select options for their new home such as floor coverings, countertops, paint color, plumbing and electrical fixtures and other available options and upgrades. McKee Homes will work with you to make sure you are getting the new home that meets your family’s needs.
McKee Homes has highly skilled team members dedicated to creating the best home building and buying experience possible in Eastern North Carolina. Areas we are building in include: Fayetteville, Pinehurst, Southern Pines and Aberdeen, Raleigh and Wilmington NC. Save money and time with our preferred lender! Learn more at New Home Financing.