Why are new homes more expensive? Main Idaho Real Estate Insights

While all homes are based on market value so that similar homes are similarly priced, based on similar locations. So why are new homes more expensive?Idaho NEW Homes for Sale

Quite simply, new homes are new! Appraisers understand that everything in the home is new and therefore will last longer or not need to be replaced.

If you are looking at 3 bedroom, 2 bath homes around 2 thousand square feet in Meridian Idaho. While taste is up to the individual, new parts are added value. Upon moving in, there is no need to repair anything or update anything from flooring to paint or shingles. Appraisal take this into accout. If you move into a home that is going to need something repaired or replace, even if it is within 2 or 3 years, it is a cost factor of buying the home. Many factors like this come up in a home inspection.

So when you are looking to get the most for your money, remember that a new home should be worth more, plus a one year warranty!

Posted by tlangford at 7/16/2013 2:13:00 PM
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