Buying New vs Used
People are moving from all over the country to the refreshing lifestyle that the Hampton Roads area has to offer. Starting a new chapter is exciting and an opportunity that may only knock a handful of times in life.
Newly constructed homes provide many benefits to homeowners. From modern floor plans to increased efficiency, new homes offer the design and flexibility that today’s home buyers desire. The purchase of a new construction home is also a very practical decision, offering cost savings on operation, freedom from worry over maintenance and repairs, protected property values and more. Plus, with Dragas, buyers of newly built homes will also find an array of professionals to help them through the process and even well after closing.
Listed below are a few reasons why home buyers prefer new homes over used:
- It doesn’t cost more to buy new.
Lower interest rates mean buyers can borrower money at a lower cost, and there are a variety of mortgage options available with down payments as low as zero – 3.5 percent. These are the same whether you’re buying a new home or a resale home, so they shouldn’t be a factor in the decision to buy new or used.
- New home warranty guarantee.
All new Dragas homes come with one, two and ten year warranties for added peace of mind. There is no need to buy any additional warranty, we’ve got you covered! When purchasing a resale home, you’re typically without a warranty unless you purchase one from a warranty provider, which can result in more upfront costs or costs down the road as things need repairs or replacement.
- Community amenities.
All new homes built within our master-planned communities feature resort-style amenities. Not to mention they’re near some of the best school systems and shopping areas in town! While you may be able to find a resale nearby in the same school district, you won’t have access to our swimming pools, outdoor grilling stations, clubhouse, green spaces and more.
- Lower utility bills and better features.
Our new homes are more energy efficient than ever saving you money every month on utility bills! Today’s building standards and codes are significantly more stringent than those of the past, meaning new construction homes have features in place to help lower your energy costs, which can add up to hundreds of dollars in savings each year.
- Time your move.
A newly built home can match your schedule, not your landlords. You don’t have to worry about suddenly moving if rent prices fluctuate at the end of your term or the management company decides to remodel your unit. You can sell your home when you’re ready for a new adventure, or stay put for decades – the choice is yours when you own!
- Design flexibility.
When you build a new home, you gain the advantage of select the unique floor plan design elements that will fit your individual needs and style, both now and in the future. For example, our Bristol plan in Mallory at Spence Crossing now offers an opportunity to add a private flex space to fit your needs. Design every element of your home, from the cabinets and countertops to the bath and kitchen fixtures.
Currently, we have communities in both our Virginia Beach and Chesapeake locations selling gorgeous new homes. In Virginia Beach, Spence Crossing at Princess Anne offers various home styles and price points. In Chesapeake, King’s Pointe at Western Branch is now selling final opportunities that include a variety of floor plans, such as one-level living and homes with downstairs master suites. Not to mention, our brand-new Hickory Manor at Edinburgh community is opening later this year! For more information on the new homes available or our communities, visit www.dragas.com.