The economy in Chicago is growing and people are moving in. This leads to an increase of new homes for construction in Chicago. Buying a new home is very tempting and is generally a better idea than buying a used home. Here are a few things you should know before signing the contract on a new house.
Just because the home is brand new doesn’t mean there won’t be problems.
No one is perfect. While construction companies do an outstanding job at constructing new houses, problems can still come up when you move in. You should be prepared just in case something happens.
You could be paying higher taxes.
New houses tend to have higher property taxes than old homes of a similar size. This can happen even if the old home is in the same neighborhood as the new home. Make sure you factor in a larger budget for taxes if you buy a new house.
There may be added costs to finish your home.
The basic price of new homes construction in Chicago will include, well, basics. If you want “extras” or upgrades, you need to be prepared to shell out extra cash. You know the old saying, “you get what you pay for.” That applies here.
These three pointers aren’t meant to be a discouragement, but more of preparation tips. Buying a new home is much better than buying a used home if it’s in your budget. If you want a new home in the Chicago area, MK Construction & Builders, Inc. is a trusted company that’s been building homes for over 17 years.
