RISMEDIA, Nov. 8, 2007-Most U.S. home buyers would prefer a new home over an existing home, said Martin Hernandez, vice president of sales for Beazer Homes in Atlanta, one of the nation’s largest homebuilding companies. And while price was a consideration in the past, it isn’t anymore.
“The median sale price of new and existing homes is nearly equal today,” Hernandez said. “The U.S. Census Bureau and National Association of Realtors reported the median sale price of new homes was $225,700 in August, and for existing homes it was $224,500.
Today, Hernandez said, the choice is personal preference. And today’s new home buyers are doing their homework like never before.
“We’re seeing well-informed buyers,” Hernandez said. “People are doing plenty of research and coming in armed with insightful questions. They are visiting multiple communities and comparing options like never before,” he said.
Hernandez said new home buyers offer six main reasons for choosing a new home over existing one:
• Personal options — the ability to choose a floor plan that fits specific needs, plus options like countertops, appliances, storage systems, flooring and technology upgrades.
• Energy-efficient construction — invariably, new homes are safer, more comfortable and more energy-efficient than existing homes, even homes that are “Almost New.” Beazer uses advanced HVAC systems and materials like Low-e windows, radiant barriers, and fiberglass doors to make sure the home is properly sealed.
• An owner’s retreat — modern home design offers new concepts in master bedrooms and baths that can include separate shower and garden tub, dual vanities, plenty of closet and storage space not available in most existing homes – that can be a sanctuary at the end of a long busy day.
• A well organized kitchen — new home design focuses on kitchens more than ever before, with facilities for homework, bill paying and socializing as well as cooking. Modern kitchens are designed around a triangle grid where appliances, cooking and cleaning areas are within easy reach, with adjustable pantry shelving, cabinets, pull-out shelves and deep drawers with movable dividers.
• Greater selection and incentives — newly constructed homes are available in all price ranges and styles in a variety of neighborhoods and locations. In most U.S. regions, price reduction means buyers can get a lot more home for their money. With interest rates still at historic low, a new home is one of the safest long-term investments a consumer can make.
• Less maintenance. New homes require less time and energy to maintain. Most newly constructed homes are backed by a builder warranty covering materials and workmanship, giving the new home buyer additional peace of mind.
For more information, visit http://www.beazer.com/.