Buying in a new home community is smart for many reasons
Renting an apartment or a house is a good option at certain times of your life. College towns, for instance, are littered with rental properties. But once college is finished, it’s time to get a career started. At that point, many people continue to rent while they get their feet under them and get the career-level income flowing. But is renting really the best option?
People often choose to rent over buying in a new home community because they feel they’re not ready for that level of commitment. The process of purchasing a new home is daunting for even the most seasoned career person. It’s especially so for young adults still learning how to be adults. However, working with a reputable new home builder — one like Oakwood Homes — alleviates some of the fear and stress associated with the home-buying process.
Oakwood Homes creates beautiful new home developments in Colorado that satisfy nearly every need a homeowner could have. Here are a few tips to help buyers understand why buying a new home is better than renting.
Ready to Move In
When you search for “new homes near me,” you’ll be amazed at the number of houses that pop up. Many new home developments have ready-to-move-in homes that fill a niche for those searching for a new place to live. These houses are built on the same floor plans and with the same quality as the custom-built homes in that neighborhood. The big difference is that they’re already or nearly finished. This means the move-in time is significantly reduced. People moving into the area love these homes because they get a brand-new house without waiting months for it to be built.
Modern Neighborhoods, Instant Connections
Another benefit to buying in a new home community is that you move into a modern neighborhood full of the amenities you need to make life easier and more fun. Most new home developments include features designed to create instant bonds among residents. The community clubhouse is a focal point, serving as a meeting space for residents and their guests and as a hub for community events. Playgrounds and swimming pools top the list of outdoor amenities. These communities often have shops, restaurants, and other services nearby — either within walking distance or just a short drive away. The vibe is upbeat and friendly, and many homeowners appreciate this aspect of a new home community.
Rental properties, on the other hand, are located where they’re located. In other words, you may not have much choice when it comes to the type of neighborhood you end up in. Often, renters are bound by their budget and availability. The neighborhood you’d prefer to live in may be full, forcing you to go elsewhere. You may end up someplace that doesn’t meet your needs as well as you’d like. It may not even feel safe.
Do Less from the Start
Renters are often plagued by projects that need to be done immediately upon moving in. It’s not uncommon for a rental property to need work done to make the place more appealing or livable — or to make one feel more comfortable living there. If the landlord is amenable, you move in and start slinging paint and cleaning carpets, even if they’ve supposedly already been cleaned. And while you do all that, your furniture and other belongings sit around in boxes, waiting to be unpacked. In the meantime, you can’t find anything when you need it.
Buying a new home takes away the cause of that frenetic activity and stress. Ready-to-move-in homes are just that — ready for you to move in! No work needs to be done. All you have is the fun part, picking out furniture and decor. And because you own the place, you don’t have to get anyone’s permission before hanging pictures!
Leave When You’re Ready
Most rental properties come with leases of six months to a year. At the end of the lease period, you either renew or move. Sometimes the choice is taken out of your hands by the landlord. You may be out on the street if they sell the rental property or have a buddy who wants to move in.
When you purchase one of the many quick move-in homes in Colorado, it’s yours. You can live there forever if you want. If you decide to sell at some point, you can do that too. It’s your decision. And because you’ve chosen a house in a modern new home community, it’s more likely to have held its value over the years.
Make Your Money Work for You
One of the biggest drawbacks to renting is financial. You’re handing over a chunk of your hard-earned money to a landlord every month. Sure, you’re getting a place to live in return, but you’re not building any equity.
When you buy a new home, you’ll not only have a beautiful house in a modern community, but you’ll also own a significant asset. For many people, their home is their largest purchase, and as such, it’s important to make that investment work for you. Several tax benefits come with owning a home, most of which come in the form of deductions. Some of these may be substantial. Your accountant can fill you in on the benefits of owning versus renting.
Oakwood Homes Has What You’re Looking For
New home developments are ideal for those moving into town to begin a new career or moving across town to find a community that better suits them. Oakwood Homes creates beautiful new homes for those ready to put down roots. They’re energy-efficient and filled with the latest in technology and conveniences. Our quick-move-in homes in Colorado shorten the time frame associated with finding a suitable place to live.
Check out our new builds in Colorado today. These homes are nearly complete. All you have to do is add the finishing touches!