You’re looking for a new home, but deciding between building a new home or buying a used one has you stumped. Does the process of building intimidate you? Does a new home cost more? What kind of financing do you need? We want to set the record straight by debunking some myths about building a new home, especially when that new home is with Atlantic Builders!
Myth #1 - You don’t save money with a new home.
Yes, typically, new homes cost much more than resale homes because of the features and design options they include. But there are a lot of ways a new home can lower the total cost of homeownership. For instance, the energy-efficient features that come standard with new homes can lower monthly utility bills compared to a typical used home. And homeownership offers financial advantages such as deducting mortgage interest payments from your taxes, and building equity with the value in your home.
Myth #2 – It’s cheaper to remodel a used home instead of buying a new home.
In general, remodeling costs about twice as much per square foot as building new. Before you go down this path, ask yourself: Did the previous homeowners take good care of the home? If not, it may cost you later. When you buy a used home, you get a home built under less stringent building codes which may mean less energy efficiency and more potential for problems, such as old HVAC systems, old windows, old roof…
Myth #3 – It’s so much work, and it takes forever.
Building a new home is exciting – and our proven processes make the whole thing a breeze. We guarantee you’ll enjoy the entire process and Path to Homeownership with Atlantic Builders. Learn all about what you'll experience when you build with us, as we take you through each step with ease and support! You'll be living in your new home before you know it.
Myth #4 – The financing is too complicated.
Financing a new home is as easy as financing a resale home. If you have good credit or a down payment, you can afford a new home. There are a variety of mortgages available (Fixed, ARM, FHA, VA), so talk to your lender, and see what fits your financial situation best.
Myth #5 - They don't build new homes like they used to.
No, at Atlantic Builders, we build them better by giving you more! Construction technology has advanced by leaps and bounds in recent years. Today's homes are built with innovative products and specialized knowledge. A new home is very energy efficient, more environmentally friendly, and built with higher quality materials.
Myth #6 – Buying a used home is better for the environment.
Just like today's cars run more efficiently than the gas guzzlers of yore, new homes are far more energy efficient than a typical used home. They feature sustainably-sourced or recycled-content products, and super-efficient systems.
Myth #7 – New homes just don't have as much character or interest.
We have a team of architects that developed award-winning home designs with stylish elevations, creative features, and flexible, open floor plans that let you define your space to suit your tastes and lifestyle. So, let's get started!