If you’re a 55+ homebuyer, there’s a lot to consider when embarking on the journey to homeownership. Will you be living on a fixed income, looking to avoid large mortgage payments or areas with high taxes? Will a two-story home or a single-story home be a better fit for you and your family? There are many important questions to ask. One question you’ll definitely consider is whether it’s better to buy a resale home or a new construction home. In this article, we’ll outline the four key advantages new construction homes offer for 55+ homebuyers.
1. Low-Maintenance Living
A new construction home set in a beautiful active adult community provides more than a feeling of security — it will provide you exciting opportunities for growth, amenities to help you keep fit and stay social, and the comfort of knowing your home won’t need immediate renovations or repairs. As well, new construction homes come with a warranty, protecting you from the unexpected. “The warranty is a big part of new construction’s appeal,” says Eban Pinto, a sales consultant with K. Hovnanian’s® Four Seasons 55+ communities.
“A brand new roof in case of an emergency? Any emergency repairs at all? Not only will you not have to deal with issues left over from previous homeowners,” says Pinto, “you won’t have to worry about finding local professionals. We’ll do that.” This is a time in your life when you should be spending your day enjoying what you makes feel happy and fulfilled, not worrying about costly and time-consuming repairs.
2. Your Home, Your Way
A key element of owning a new construction home over a resale home is choice. When a 55+ homeowner enters the market, moreso than younger buyers they have an understanding of what they truly need in a home. Buying new construction means not compromising on what’s most important to you. “For many of our buyers, living in a single-story home is huge,” Pinto says. “Older homes don’t often age with your lifestyle, and modifying an old house is expensive. As well, another key benefit is being able to choose whatever options you like.” Having the ability to pick out every aspect of your new home provides a sense of ownership that a resale home simply can’t.
3. Activities and Amenities to Keep You Fit and Social
Youth is a mindset, and the lifestyle offered by a new construction, active adult community supports those who feel the same. With so many exciting opportunites to make memories, whether playing a friendly game of tennis with your neighbors or breaking a sweat in the fitness center, it’s all for you to enjoy mere steps from your front door. K. Hovnanian’s® Four Seasons’ lifestyle directors regularly plan get-togethers, which make for perfect opportunities to meet new people, or you can start your own club. The community lifestyle puts you within arms-reach of all you could need to make every day an adventure — all that’s required is you to reach out and take it.
4. Age in Place
New construction provides more than a lack of immediate maintenance; it means owners can comfortably rely on their home to age alongside them. 55 and over homeowners want the security of knowing they’ve settled down for the long haul, and that they can look forward to years of memories, not future moving plans. With great neighbors and a home designed to fit your lifestyle, you can rest assured that this your new construction will be the perfect place to live for years and years to come.
When those 55 and older are looking for their next home, they are presented with an endless parade of options. Renting, buying, new or used — it can all feel like a jumble when focus is not paid to the details. New construction provides the reliability of a home that feels built just for you.