The decision to build, remodel or buy is always a tough decision for potential home buyers, but not for One Loudoun residents!
At one point, One Loudoun home buyers considered whether to purchase new or purchase an existing home elsewhere. There are a variety of reasons to consider a new home versus an existing, and a decrease in existing inventory has certainly made One Loudoun an excellent choice for both new and established families.
According to the Center for Regional Analysis at George Mason University, permits for single-family homes in the metropolitan Washington area increased from 8,251 in 2011 to 10,748 last year, revealing that many people are choosing to build new homes and forgo the pre-existing house hunt.
New families are often under the perception that it’s better to buy something now and renovate over time. Unfortunately, out-of-pocket expenses to renovate or replace appliances or flooring can cost just the same if not more than a new home.
“A big advantage of a new home for many people is that you can pick everything yourself, from granite counters to flooring, and you won’t have to paint for years,” said Dave Jones, a real estate agent at Long and Foster in Ashburn. (1)
Eric Murtagh, a realty agent at Evers & Co. in Washington points out that, “some buyers have very specific reasons to buy a new home . . . People who have allergies or have kids with allergies want a super-clean, tighter environment with special filters.”
Specific details such as flooring or even air quality filters have led potential buyers flocking to One Loudoun! According to Murtagh, some buyers want features such as elevators, special wiring or even oversized garage units, which can be difficult to retrofit in a resale home.
Other potential buyers have fallen in love with One Loudoun for reasons aside from home design details.
“We’re about to be empty nesters, and we wanted a walkable community in Loudoun County,” said Bruce Gatti, a recent homebuyer in One Loudoun. “We looked at various used and new homes in Loudoun County, but we couldn’t find the package of a community where we could walk to a grocery store, a movie theater until we found One Loudoun.”
Some home buyers may be less concerned with details such as granite countertops, but be more interested in the carbon footprint of their home. New homes are most often more energy efficient due to home construction advancements in window techniques, appliances and heating and cooling air systems.
(1) Lerner, Michele (2013, March 22). House hunters caught between new and existing homes. The Washington Post. Retrieved fromhttp://www.washingtonpost.com/realestate/house-hunters-caught-between-new-and-existing-homes/2013/03/21/ea304dd0-883c-11e2-999e-5f8e0410cb9d_print.html