Less new homes have been sold in the last year or so, due to home buyers finding foreclosed homes more affordable in light of the recent recession. Research in the property market has however established that buyers now prefer 'green' homes to luxury homes with non-green additions.
Forty nine percent of those looking to buy homes, preferred homes containing devices which aid energy saving such as solar panels over luxury features. Only 31 percent of those interviewed preferred luxury features.
The neighborhood, in which the new home is located, is also an important consideration. People prefer their new homes to be in areas with low crime rates and in close proximity to their place of work. Only 6% of respondents would be prepared to sacrifice their proximity to shopping malls, whilst 3% of people would sacrifice their proximity to public transportation, such as bus routes.
Significantly more respondents, compared to previous surveys are prepared to sacrifice personal comfort in order to be able to afford a new home.
Despite the financial difficulty a new home purchase would bring, 81 percent of people interviewed still want to purchase new homes. After the elections in the US, researchers predict a hike in the property industry.
Many people are looking to acquire a new home in the years leading up to 2014 and since the recession is over; now is the time to do that.
It is an amazing feeling when you buy your first home. Buying 'off the plans' is better still as you get to choose from so many options, from designs, to colors, tiles and fixtures.
Developers that specialize in developing new homes prefer hiring in-house real estate agents which they pay a commission to in order for the agent to represent them. However, with the high volume of new home developments all over the world, real estate agents that sell new developments earn a lower commission on new home sales than on typical home sales. Due to this, some of them pressurize buyers into signing. It is always a good idea to carefully select your own real estate agent who will disclose drawbacks about your new home before you sign anything.
A developer's agent may be less likely to disclose some of the negative aspects to you.
Developers often prefer their own lender, as they will keep the developer fully informed of your personal progress. Be sure to find a reputable lender who you feel comfortable with.
Should you also prefer a 'green' home, enroll a real estate agent who knows much about green and other environmental issues to help secure the ideal green home that will suit you.
Most green homes are more compact than 'normal' homes, so look around and make sure that you find a green house in the right size for your family.
Green homes use solar power to generate energy and low flow toilets which save on water. Double paned windows and other building materials are manufactured from materials that are environmentally friendly and don't have negative effects on our environment.
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