Are you currently living in an older home but facing major renovations? Are you considering the purchase of an older home on a really nice lot, but fear being trapped in a potential money pit?
Building a new single family home may make sense from an investment point of view. New construction homes offer the additional benefit of reduced ongoing costs like maintenance, utilities and insurance.
Even with the best inspections of an existing home, there can still be surprises. No inspection can detect concealed conditions like corroded galvanized pipes, toxic imported drywall, electrical issues and building code violations. Repair costs can hit your bottom line and are not easily recovered. Brand new homes can have issues too, but generally arise within the first year. Such problems may be covered in the Home Buyer Warranty like that offered by All State Homes.
When building a new home, you have options to reduce your annual energy costs by specifying increased insulation, hi-tech windows and energy efficient lighting and appliances.
The large temperature swings in Tampa Bay make budgeting for utility bills a real challenge. The newest generation of HVAC systems with a high SEER (Seasonal Energy Efficiency Ratio) will reduce your heating and cooling costs as well as enhance your comfort.
Building in compliance with the most recent applicable building codes will also result in more competitive insurance rates. Approximately 135 million people in the US live near the coast. In this day and age of climate change, communities with structures that are built to code compliance pose a much less financial risk when it comes to wind and storm-related catastrophes.
Contact All State Homes to discuss the costs of building a new home versus an older home renovation.