Tuesday, March 3, 2015
The Benefits of Move-In Ready New Homes
If you are looking at new homes and you're not enamored with the possibility of getting a "fixer upper," you may want to consider looking at a move-in ready model. There are several benefits to doing so, and here are some of the more important ones.
First, you won't need to worry about putting forth a lot of effort just to make the house livable. You won't have to deal with some of the common problems that people typically experience when they move into a house. For example, you'll know that the air conditioner and water heater will work, as will all of the wiring and plumbing. The walls won't need to be painted unless you want to, and the roof will already be in good shape. A lot of people like working on their house, but if you're not one of those then a move-in ready model will probably be the route that you want to take.
A move-in ready house is, by its very nature, already prepared for you to enjoy immediately. There will be no hassle regarding the condition of the house so you can start setting it up exactly as you like. In addition, it is often easier to be able to finance these kinds of new homes. The house will appraise for the amount that you are trying to borrow, so the lender will know its value. If you are building a house, it could be more difficult to obtain the financing that you need because there is nothing tangible for the lender to look at.
People considering the move-in ready option for new homes are often under the misconception that they can't make changes. However, that can't be further from the truth. In fact, there is a chance that you could get concessions from the seller so that the cost will be reduced. This will make it more affordable to perform any kinds of changes that you wish.
In many instances, move-in ready new homes are located in more desirable neighborhoods. This will help your house retain its resale value. Fixer-uppers are often found in rundown areas, and even after they are rehabilitated they may not reach the potential of their true value. The reason is that other houses in the area may be in such distress that they can drag down the value of the rehabilitated house.
Move-in ready new homes are, in many cases, less expensive in the long run than buying a house that may need extensive repairs. Fixer-uppers may sound like a good deal, but often times the people who buy them don't realize just how much work needs to be done until they have already signed on the bottom line.
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