Press Release brought to you by Walters Group
Newly Built Homes are the Better Buy in Today's Market
BARNEGAT, N.J. - "When weighing the pros and cons of investing in a new home versus a resale, the scale will always dip in favor of newly built properties," stated Ed Walters, Jr., partner and founder of Walters Group. "Although house hunters have no shortage of resales to pick through these days, the selling points of a new home are very strong and should not be overlooked."
Customization tops the long list of advantages to buying a new home. Walters' Design Consultant Danielle Edreff enjoys working closely with buyers during the construction phase of their home to assist with the many interior design options and upgrades offered. "With so many open floor plans and modern finishes to choose from buyers can customize their homes to suit their individual tastes and lifestyles," she explains.
Buyers can also have their choice of locations when buying within a subdivision. Whether it's a lot that backs up to woods or sits on a cul-de-sac, Walters Homes offers a selection of new sites at Ocean Acres where a new phase of 16 single-family homes is now open. At Whispering Hills both single-family and townhomes are under construction. New construction usually takes six months for a single-family home and four months for a townhouse to complete, according to Walters.
House hunters looking for a new home that is move-in ready can choose from several specially priced, upgraded townhomes and single-family homes at Whispering Hills and Ocean Acres. The Sherwood spec at Ocean Acres offers a full basement and a long list of upgrades, priced at $249,695.
At Whispering Hills Single Family, the Sherwood is under construction and when completed will offer four bedrooms with numerous upgrades including a finished basement, priced at $296,125. The Ashton is also under construction on a premium lot, priced at $337,215.
Now available at Whispering Hills Townhomes is the Meadow Spec in Building 20, priced at $267,202; and a Willow Spec will soon be under construction in Building 3, priced at $239,087.
In addition to modern designs, more curb appeal and a selection of innovative open-floor plans, buyers are also getting the most modern construction materials, according to Walters. New homes must be built to higher standards and come with a 10-year structural warranty that gives homeowners peace of mind. With an older home, the equipment and structural features may need replacement.
Typically, existing homes may require capital improvements on such items as heating and air conditioning, flooring, roof, painting and remodeling. A kitchen remodel, for example, averages between $18,527 and $53,931 nationally, and a bath remodel averages $15,782, according to a 2013 report from Remodeling magazine. In a new home these features should hold up better and in the long run translate into savings on repairs.
Going green to save green
Buyers who care about "green" can also save money with a newer home, which performs better from an energy efficiency standpoint. An Energy-Star rating adds a premium to the value of a new home because they offer such green amenities as energy-efficient lighting and high-efficiency heating, cooling, and hot water heater equipment. These eco-friendly features not only make a home more comfortable and healthier they also save residents 30% to 35% on their energy bills, according to Walters Homes who builds Energy-Star rated homes.
"Walters' homes are built to higher standards when compared to most older homes on the market today. Our homeowners are seeing substantial savings on their utility bills and improved indoor air quality," said Pam Schuster, sales and marketing manager. "In the long-run, they are getting a better value when considering the cost of replacing heating systems and appliances."
House hunters also know that location is always a big factor. Generally, older communities were not designed to be near recreational offerings, according to Schuster. Neighborhood appeal is an enormous factor for new homebuyers. Our communities are all near beaches, shopping and dining."
Located adjacent to Whispering Hills, for example, is the Barnegat Branch Rail Trail Bikeway, a 15.6-mile former rail line. The trail is being developed in phases, extending from Barnegat Township to Toms River. When completed, it will be among the longest trails in the state.
"Overall, buying new construction in today's market is an unbeatable investment," said Walters. "The superior features and amenities found in a new home improve the homeowner's quality of life and add to the potential resale value of their homes."
10/30/2013 - 15:59