New construction homes can sound like an easy choice, but they don’t come without their pitfalls. For one thing, new construction homes are generally more expensive than their resale versions. In addition, you’re also at greater risk of falling victim to unscrupulous builders in the construction process as well. However, there are some appealing aspects to these residences. If you’re ready to get in on the action, read on for several of the reasons why.You can get additional information at Chesapeake new construction.
One of the most attractive features of new construction homes is that they can easily conform to your desired floor plan. Unlike pre-built homes, which cannot be altered much based on what’s already there, new construction offers the freedom to design a house that is exactly what you want it to be. From floor plans to designs to architectural features, developers can accommodate just about any idea when designing a new home.
Buying new construction homes has other benefits as well, including possibly getting a better mortgage rate. When a lender sees that you have already secured financing for the home, it’s likely that they will offer you a better mortgage rate than you would get with a resale. The reason for this is that the construction company is probably paying a lower interest rate than the developer, so your monthly payment is higher.