Whether it’s a home in Ross Bridge’s Glasscott neighborhood, Haddon neighborhood, or Southampton neighborhood, it’s clear that new homes have an undeniable aesthetic benefit. But the benefit of a new home is more than simply having a beautiful house – both the construction and ownership of new homes provide numerous benefits to both homeowners and the economy. Read on to learn more about the benefits of new homes!
Ownership benefits: According to a recent article from Builder Magazine, twice as many consumers prefer new homes to existing – and it’s not hard to see why! The following are some of the most popular benefits to owning a newly built home:
· Homeowners who choose newly built homes enjoy desirable modern features that come standard in new homes, instead of having to upgrade from older features that typically come with older homes. According to Builder Magazine, some of the most popular modern features that homeowners love in their new homes include bigger closets, kitchen islands and open floor plans.
· Homeowners are able to customize certain aspects of their homes – such as the flooring, cabinets, and lighting fixtures – before construction is complete, putting their own personal touch on their new home.
· There are financial benefits associated with owning a new home as well – homeowners typically spend less money on maintenance and repairs in newer homes than older homes. According to the NAHB, only 11% of owners of new homes spent over $100 a month on home upkeep costs.Consider, for example, the cost – and not to mention the headache! – of upgrading and replacing old appliances in a re-sale home, compared to already having these appliances included in your new home.
· Newly built homes are more energy efficient than older homes, which translates in lower monthly energy bills for homeowners. According to the Residential Energy Services Network (RESNET), a typical resale home is 30% less energy efficient than a standard new home.
Construction benefits: The strength of the home construction industry is an indicator of the health of the overall economy, and the construction of new homes benefits both the local and national economy, as the following facts illustrate:
· According to the National Association of Home Builders (NAHB), the majority of products used in home building are manufactured domestically, so the construction of new homes benefits the national manufacturing industry.
· There’s also a direct economic impact on the economy from building new homes – according to the NAHB, building 100 single-family homes in a typical metro creates 324 local jobs, $21.1 million in local income and $2.2 million for local government in taxes and other revenue in one year.
Clearly, there are a lot of benefits to new home construction. And the only thing better than being a homeowner able to enjoy these benefits is enjoying them in an incredible neighborhood, such as Ross Bridge. Residents enjoy Ross Bridge’s ideal location in Birmingham’s largest metro of Hoover, amenities galore and a world-class Robert Trent Jones golf course in their backyards, making their experience owning a newly built home even more enjoyable!
SOURCE: Builder Magazine, National Association of Home Builders, Residential Energy Services Network (RESNET)