by Emily Hechler 
Many Americans dream of owning a brand-new home, but building one from scratch can be a lengthy process that often requires juggling multiple loans. So, how do can you get the benefits of a new home without the challenges of the construction process? Consider buying a prebuilt home. Builders often sell the model homes in a community once the other lots in a community have sold. Sometimes, they even just build extra houses on lots to sell them as-is for those who are ready to move. If you’re on the fence about buying a prebuilt house, check out these benefits.
Earlier move in date – If you buy a prebuilt house, it’s possible that you can get under contract, close quickly, and move in right away. When you work with a company to build a house, the process can take months or even years to build and be ready for you to live in. Buying an existing house allows you to start building your life in your new community right away.
Less decisions during the process – While building a house can be exciting, the process involves a lot of decision making. What backsplash do you like the best? Granite or marble countertops? Carpet or wood floors? Add that to the fixtures, exterior design choices, and the many other customizations that may be available and you’ll likely experience decision fatigue or overload. In addition, many of the available customizations come at a higher cost. If you buy a new prebuilt home, the design and customization decisions were made by a professional designer, so you’ll be able to sit back and enjoy the final result.
Potential better sale price – Speaking of higher costs, building a new house is expensive and has the potential to keep increasing in price as you add customizations. Many homebuilders in St. Louis, such as Rowles, offer discounts on new homes that are already built. Often, they just want to quickly sell the property. These are often called “quick-move homes” on various builders’ websites to make them easy to find. You can negotiate the price just like you would if you were buying a home from a homeowner. Plus, you won’t have to get a construction loan and a mortgage. That’s one less loan for you to manage.
Take advantage of warranties – Purchasing a new home from a builder often comes with builder warranties that cover major systems like electrical and structural defects. This can give you peace of mind knowing that the builder will address certain issues after your purchase.
Newer neighborhood – One perk of buying an existing but new home from a homebuilder is that you will be moving into a newer but potentially established neighborhood. Assuming that you purchase one of the last homes available in the neighborhood, you can take advantage of the growing community without the noise that comes from new construction.
Wise investment – Buying a prebuilt home is a wise financial investment with the potential for significant value appreciation. For example, purchasing a home from McBride Homes for $350,000 today could see its value rise to $425,000 in 10 years. This $75,000 increase translates into equity, boosting your net worth without requiring extra mortgage payments. Additionally, purchasing a new home in a developing subdivision can accelerate equity growth in just a few years since the other homes around yours are now completed.
Get a mortgage from Alltru – If you want to buy a quick-move home, come to Alltru to get your mortgage. The timeline from applying for your mortgage to closing on your home will take around 60 days, ensuring you can settle into your new home quickly and stress-free. While we don’t currently offer construction loans, you can still enjoy the benefits of living in a brand-new house without the lengthy construction process. When you’re ready to buy your new home, visit The Better Way to Bank to get started.
