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One Day I'll Benefit From Buying a New Home. ONE Day Is NOW.
Today's market offers some seemingly low priced homes.
Compare the risks of purchasing a used home, especially a foreclosure or a short sale, with the security and certainty of buying a new home from Shea. The most obvious difference? Everything is new!
|Shea Home||Used Home|
Not only is everything new but it's also better. Your new home's appliances are more energy efficient, your floor plan represents the latest concepts and design standards, and the materials used in construction are more environmentally friendly when compared to most older homes.
Last, but clearly not least, is your new home warranty. Every new Shea home is covered by our new home warranty and our 1-5-11 program. If something fails, breaks or doesn't perform as expected - we'll take care of it. Compare this to the "as-is" terms of your foreclosure purchase. Sure, you could buy a used home warranty, but how much more will that cost?
Peace of mind, brand new everything, and a warranty to back it all up. Buying a new home may actually be less expensive than that foreclosure you're looking at.
Let's say you're looking at a 1,500 square foot foreclosure for $200,000. This home is in good condition, clean, habitable and fully functional. Despite its condition, you may still need to spend several thousand dollars before you move in. Some of these costs are obvious - new appliances, repaint a couple of rooms and a thorough cleaning.
|Used Home Warranty||$1,000.00|
|New sod and shrubs||$450.00|
|Garage Door Opener||$45.00|
|Sample Potential Costs for a Used Home|
Add in a few chipped tiles, a small leak in a faucet and some landscape maintenance...
Maybe there are a few dings in the drywall, a broken blade in a ceiling fan and you need a new garage door opener. It adds up quickly. Are there any outstanding HOA fees or liens? Are you going want a home inspection?
It keeps adding up. Are you sure it's worth the risk?
In the case of foreclosures, the previous homeowner is likely to have lived in the home for months or even years after it was foreclosed.
Chances are they spent very little on maintenance and upkeep since this was no longer their home. This could easily add thousands more to the cost of getting it ready for you to move-in. And if they were angry at their situation and took it out on the house, it could cost tens of thousands or more.
How much do you think it costs to remodel a used home in your area? If you are like most, thanks to reality TV, your guess may be short by several thousands of dollars—not to mention the cost of the extended time it often takes to complete a remodel. A new phenomenon called HGTV Syndrome […]May 27 at 10:34 PM • Shea Blog
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