Moving into a new house in Minnesota represents a brand new chapter in your life full of new possibilities. It’s also an expensive chapter in your life, so you’ll want to get the most for your money.
When you make the decision to move into a new house, the next decision you’ll have to make is whether you want to buy a pre-existing house or build a new home from scratch. While there are many benefits to buying a home that’s up for re-sale in the Lake Minnetonka and Orono area, building a new home can give you the chance to have everything you want while also cutting some costs that would come with buying a used house.
Why Build a New Home in Minnesota?
Homes Are Selling Quicker Than Ever
When it comes to the debate on “Should you buy a used house in Minnesota,” the real question may be “COULD you buy a used house?” As the Millennial generation enters the housing market, the demand for houses is starting to grow past the supply. According to CNBC, houses are being sold quicker than ever, and the Star Tribune reports that the Twin Cities region is the fourth most competitive housing market in the country. The market is more competitive than ever, and you have to be incredibly diligent if you even want a chance at buying a house. You would have to attend open houses in the Minneapolis area, visit with realtors, and then compete with other potential bidders for the house. By building your own house, you are saving yourself all of the time and energy that goes with house hunting.
Energy Efficient
People sometimes forget that the current trend towards energy efficiency has not always been around. Back in the 20th century (when a lot of current houses were built), there weren’t a lot of people who understood the importance of energy efficiency. Nowadays, everybody understands that energy efficiency is great not just for the environment, but also for your wallet. Home builders were among the first people to understand this, especially in places like Minnesota where climate fluctuations can wreak havoc on your energy bill. By building a new home, you would be stocking it with energy-efficient features and appliances that would not be present in an older house. While it may cost more initially to build a new house, you would cut back on your carbon footprint and save money on your utility bills in the long run.
Avoid Big Repair Costs
Many people balk at the thought of building a new home because of how much it costs to build a house from scratch. They see the lower price of an older house and immediately fall in love with the idea of saving money. But, are you really saving money? While an older home comes with a cheaper initial price tag, it also comes with a longer list of repairs that will need to be done. These repair costs start to add up, and the amount of money you put into the house will eventually begin to look similar to what building a new house would have been. By building a new house, you are avoiding repair costs and also saving you the time that it would take to fix the problems that will pop up.
Modern Features, Finishes, and Technology
Housing trends, like fashion, change with the times. In order to stay current with what is working and what isn’t, going with a new build is always the answer. By building a house from scratch, you can make sure that you are implementing all of the latest and greatest in terms of features, finishes, and even technology. For example, “smart houses” are becoming more and more common. It is a lot easier to put in smart house technology during the initial building process rather than trying to implement it into an existing house.
The resale value for new construction is also far greater than the value of older houses. If you really want to be current with your home, building a new house is the best option. Read our blog on current interior design trends to get some ideas of how you could decorate your new house.
Safety
A new house is guaranteed to meet current building codes, while older houses are only guaranteed to have met the codes that were in place when they were built. This means that when you are building a new house, you don’t have to worry about electrical mishaps, damaged roofs, or faulty structuring. The newest building knowledge and techniques can ensure a safer finished product for you and your family.
Customized Just for You
The best part of building a customized home is that it is built just for you. When you buy a used house, it’s hard to shake the feeling that you settled for living in someone else’s dream home. Sure, it might work for you, but you’ll always know that it was specifically built for someone else. By building your new house, you can customize it to perfectly fit your way of life. You can design a home that perfectly accommodates your family size and lifestyle, and has all of the colors, accessories, and furnishings that you desire.
The only way to completely ensure that you are living in the house of your dreams in Minnesota is by building the house of your dreams. If you want to build the home of your dreams in the community of Lakeview Orono that’s full of great people, beautiful views, and luxurious serenity, contact Lakeview Orono today.