They say there's nothing like the feeling of something new, whether it's new clothes, a new car, or maybe even a new construction home, there is a special feeling that goes with purchasing something new. It's easy to see why many people choose to buy brand new homes in Bucks County PA.
The best thing about buying a new home is the lower upfront costs. You can easily be surprised by unexpected costs such as maintenance fees and repair bills that quickly add up to the amount you are trying to save when buying an existing home.
Newly built properties are typically covered by a warranty for several years. This warranty is available to help you if there are any issues with your home. A new home is a smart investment option if you're looking for an investment property.
Investors get new construction home benefits
The new design will appeal to potential tenants. However, modern building standards can make it more sustainable. Also, tenants may find new utilities and appliances attractive. This should be taken into consideration when negotiating the weekly rent.
Don't forget to consider the tax and depreciation benefits of purchasing a home under construction as an investment property, as well as the government incentives available for purchasing a home to live in.
When a property is new, benefits are often the greatest. Government bonus schemes provide $15,000 to first-home buyers who are eligible, and there are also stamp duties concessions available for the purchase.