Buying New Build Homes
Buying a new build home is something that has become incredibly popular in recent years, typically in the past new build homes were difficult to find as on the whole people moved between existing houses whether they were trading up for more room or downsizing to somewhere smaller or in a different location. But these days there are lots of new developments popping up all over the UK, with many modern features that make them the perfect solution when looking for a new home.
But buying a new build home is a different buying process to buying second hand, being the first person over the threshold in a new home will mean that you are faced with a blank canvas, so no serious redecorating and wallpaper stripping will be needed. This alone is a major deciding factor for many new build buyers; being able to customise their home to their liking easily.
Build a New Home
The United States has certainly been going through difficult economic times and the housing market meltdown helped to precipitate the rapid fall into the current recession. However, there’s a silver lining to this dark cloud: thanks to a number of factors, the time is now to build a new home and start living the American dream you’ve always hoped for. Here are some reasons why you should take the new housing plunge.
Low Interest Rates
Mortgage interest rates have never been lower and so new home owners can expect to pay about a third of what their parents were 25 years ago! Lower interest rates mean a lower monthly payment and a house that is paid off sooner. If you can afford the 3.5% down payment and make enough to not exceed spending 30% of your gross monthly income on a mortgage and taxes, now is the time.