Buying a New Home In Salt Lake? - New or Used?
If your buying a new Home in Salt Lake? - new or used? Thats the decision you need to make. Should I buy a New or re-sale Home. (pre-owned)
According to Curt Dowdle, Executive Officer of the Salt Lake Home Builders Association,4 of 5 will opt for a pre-owned home. Only 20% will select a new Salt Lake City Home.
It was a good article as most of Curt's offerings, are. The Home-Builders Association obviously champions the benefits of buying a new home, and Curt's job is to help that along.
In his article in the Salt Lake Tribune, November 22, entitled "Buying a home? A new house makes a lot of sense", Mr Dowdle put together a pretty good argument for at least considering new construction.
We here at Group1 Real Estate have no axe to grind. Our Realtor agents and partners represent new home buyers as well as those buyers looking for a re-sale home in a specific neighborhood.
If you are searching communities to move to a nicer home, or are a first time home buyer looking to buy a condominium or town house in Salt Lake, I think you'll find the following excerpts from the article both interesting and informative.
In the typical Real Estate market, one in five buyers buy a new home and four buy resales. Research shows that the consumers who buy resale have not investigated what new homes in new neighborhoods have to offer.
New homes set the standard for housing, appraisers determine values of existing homes by comparing new construction.
Essentially every "system" in a new home is far different than a home built 20 years ago. IE: GFI, Mani block plumbing, engineered trusses, high efficiency insulation, more efficient HVAC.
Another consideration in determining new home versus resale is the life of the various components.( Nearly all components of a new home will last longer than 10 years).
Ask an owner of a home that was acquired when it was 20 years old to itemize their "ownership costs" over a period of the next 10 years, and compare that with the virtual "no cost" of a new home over its first 10 years.
Mr Dowdles final word of advise in his article was, before you make a decision to consider purchasing a used home, investigate what new homes have to offer. Don't just compare the price, but compare the next 10 years of ownership costs.
We think thats very sound advise. We'd like to help you do that, and we have some important advise of our own.
Before you look at your first model home, contact your favorite Realtor and have them represent you. At least on your first visit and whenever negotiations are required.
The reason?.... Those nice, well informed, helpful agents that greet you when you visit the models, work for the builder and represent the BUILDERS INTEREST. Those interests might not always be the same as yours. You should have an advocate. You can, and for FREE. That's right, in most cases the builder pays your agent.
To see how that works check out the Salt Lake New Homes page on our website, or give us a call @ 801-567-0946.
If you don't have a favorite Realtor, we'd like to apply. Check us out at Salt Lake Real Estate, It's a good source of information, and will show that were serious about this business.
The site also gives you access to over 8000 homes listed in Salt Lake in case you decide that a new home or new condo is not for you.
So... I guess the bottom line is, we'd like to help you collect the facts as you make that important decision about buying a new home in Salt Lake ?-new or Used?.