Affordable housing is one of the greatest crises in America today, as it has been for at least the last several years. It is harder than ever for young families and single adults to find an affordable home, let alone for older adults with growing families or those who are retiring. New construction is becoming more popular than ever. Do new construction homes appreciate faster?
Do New Construction Homes Appreciate Faster?
Many factors affect how much and how quickly your new construction home can appreciate, including how the builder sells it, whether you take builder incentives, the home’s location, the neighborhood’s maturity, and the home’s quality. New construction homes do not necessarily appreciate at the same rate. However, over the past six decades, new construction homes have appreciated more than older homes. According to Legal Clarity, new construction homes don’t necessarily appreciate faster than existing homes, but they do appreciate more than existing homes long-term.
Conditions That Make a New Construction Home Appreciate Faster
Energy-Efficient Building Techniques
Energy efficiency is one feature that new construction homes often outperform existing homes in. New homes, which are built according to green building concepts and feature Energy Star appliances, allow homeowners to enjoy a more comfortable home and lower energy bills. This is an advantage they still have today, especially if you work with a quality home builder.
A Prime Location
If the new house is in an established neighborhood with enough surrounding amenities to accommodate the new residents along with the rest of the community, it is more likely to appreciate faster than a new-build community.
Modern Features
New homes typically come with a new set of highly-rated kitchen appliances and HVAC appliances that should last for a decent amount of time, upward of twenty years at least. Newer homes tend to have layouts functional for modern life, which are more attractive than older home layouts.
Modern Styles
It’s not just about function, it’s also about style. Newer house styles will remain more attractive to buyers for longer than some older ones in many cases. Even so, it’s best to find a home that offers the practicality you need most. Homeowners can change the home’s style over time.
A Substantial Warranty
While home renovations and repairs are necessary over time, a new construction home can come with a ten-year, transferable warranty that eases the financial burden of any adjustments needed over time.
Let Ameri-Star Homes Build Your New Custom Home!
Ameri-Star Homes was built on the idea that a home is not complete until the homeowner is 100% satisfied. That’s right, completely satisfied homeowners. Whether you want a home built on one of our home sites or on your own land, count on the same high quality from Ameri-Star. We have set out to exceed all your expectations of integrity, affordability, and customer satisfaction. Build lasting memories for years to come with Ameri-Star Homes.
For more information, contact us today at 410-590-1000 or through our contact page. For more helpful custom home tips, keep in touch with us through Facebook, Twitter, LinkedIn, Instagram, and Pinterest!