Outer Banks Real Estate

Advantages of Buying a New Cottage

Why Should You Buy A ‘New Construction’?

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Buying a New Construction property both on or off the beach many have many advantages for a soon-to-be home buyer.

We currently have several new builds coming soon to the market. Call us today to learn more about building your new cottage here on the Outer Banks! Michael Davenport (252)202-6113

Builders Warranty

Most New Constructions are covered by a “limited warranty” in the first year of ownership. These warranties often cover any faulty construction, labor and/or materials in the home. Your new appliances, heat pump and water heater often carry their own warranty as well.

Maintenance and Care

New Homes often require less maintenance in the first years of home ownership. This eliminates worry and allows you to settle in and relax in your new property.

Customization

New Constructions often go on the market at the beginning of construction process. If a buyer decides write an Offer To Purchase Contract on the property prior to completion, you may have the opportunity to select flooring, paint colors, cabinetry, siding or other interior and exterior products.

Typically, builders have a small selection of “builder grade” products used for new construction projects. Upgraded features may add on to the cost to purchase the property. All of these questions can be answered by your real estate agent.

Savings

Comparing a new property, a new construction offers saving in the first years of ownership. Looking at older properties, there are always features in a potential home the new buyer would like to change. Painting, cabinetry and flooring all adds up to more money out of pocket after closing on your home. With a New Construction the cost of all the new materials are included in the buying price or your new home, whether you went with standard or upgraded finishings.

Equity and Resale Value

With your New Construction, you have a higher resell value than when you purchase an older property. If you decide to sell your New Construction within 5, 10, 15 years, you will not need to worry about replacing the roof or other maintenance a comparable property may need.


 

See our Latest New Construction Project

Design: Davenport Team
Appliances: Manteo Furniture
Cabinets: Cozy Kitchens
Builder: Davenport Builders

We currently have several new builds coming soon to the market. Call us today to learn more about building your new cottage here on the Outer Banks! Michael Davenport (252)202-6113

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Posted on March 4, 2016 at 1:21 pm by Michael Davenport

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