A new house is likely to be the biggest investment of your life. One of the benefits of new home construction is that it allows you to stretch your dollars while also giving you the home of your dreams.
Here are a few key ways to save money with new home construction:
1.) Lock in a price: Even if property values rise during construction, you will still pay the same amount for the property when you lock in a price. Sleep well at night knowing you will never pay more than you expected throughout the new home construction process.
2.) Save money for a deposit: While your home is being built, you will be able to save money and get your finances in order. Particularly if you are having a new home built in a community, there will be time before the close date that you can use to your advantage.
3.) Keep maintenance costs low: One of the best things about your new construction home is that everything is new! There’s no need worry about unexpected costs from things breaking or being worn out. You will have the benefit of the latest technology and lowest upfront maintenance options.
4.) Get a builder guarantee: Your new home should come with a builder’s guarantee. If anything at all goes wrong within a specific timeframe, it will have to be repaired by the builder. This protects your wallet and your peace of mind as well!
5.) Protect the environment and your cash: There are many ways to “think green” with new home construction. From double pane windows to better insulation to energy efficient appliances, there are lots of ways to save. When your home is environmentally friendly, you are also saving money in the long run.
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