With the current market conditions and the rapid wildfire spreading about rising rates, it’s no surprise that there is a common misconception that buying a new home right now is unattainable for the majority of people. Although the previously-owned housing market or rental properties may appear as the better deal on the surface level, the advantages of new homebuying heavily outweigh any other options in the industry. To guide your decision in buying new, we’ve compiled an expert list of top reasons why currently buying a new home, especially in Symphony Farms, is the best option by far.
When making the decision to buy your dream home in a community that exceeds all of your expectations, it’s important to not let the headlines about high prices and rising interest rates scare you off—especially right now. While current mortgage rates may seem high to many people, they’re still very low by historical standards, making now a fantastic time to buy a new home. According to credible.com, the current mortgage rates—which are around 5%—are still well below where they’ve been at any point before 2009. In the 1990s, rates ranged between 7% and 9%, and in the 2000s they typically fell between 5% and 7%. With this in mind, it’s not shocking that the demand for new homes is actually quite high right now, so it’s best to get ahead of the next wave and jump the gun on any top-quality, remarkable homes you may come across before they’re gone—especially at Symphony Farms.
Additionally, homeowners are making a smart, long-term investment and increasing financial stability by making the decision to purchase a home right now—specifically in the categories of building wealth, equity and an overall thoughtful financial decision for their future. Eliminate risk of increased rent and the financial limitations of renting by choosing to buy a new home—which can only benefit you in the long run.
We all know that maintenance and repairs tend to be necessary on previously-owned homes, as many older houses have experienced years of wear and tear with outdated styles, materials and features. Although the cost to buy older homes may appear to be lower, there are so many factors that are unaccounted for, especially in the repairs and maintenance categories—and the majority of resale homebuyers end up paying thousands of dollars on a frequent basis.
Get rid of the uncertainties and help yourself save money, time and energy in the long run by buying new. Our homes feature top-tier appliances, materials, and overall components to ensure you’ll never have to lift a finger for any repairs. Buying new means you’re the first to park in the garage, to step foot on the carpet, and to cook in the kitchen. Additionally, since you won’t be changing the terms of your mortgage every year, you can rest assured knowing your base housing costs will remain the same—and you won’t have to worry about annual rent increases that could potentially price you out of a particular location. All you have to do is love the home you’re in, and we’ll take care of the rest.
A strong sense of community
At Symphony Farms, our team knows how much value is placed on the safety, security and stability of your family. When you choose to own a new home, the members of your household can find comfort in knowing that the home is truly yours—with no forced moves due to negligent landlords, exponential increases in rent or changes in management. Additionally, owning a home means your children can stay in one school district and develop strong friendships—especially in the widely-recognized Gardner-Edgerton School District, where our Symphony Farms residents can send their children to receive top-quality, inspiring education that can be beat.
In addition, when you own a home in a tight-knit community like Symphony Farms, your sense of social belonging grows more and more every day. You’ll have the ability to get to know your neighbors, participate in community events, utilize the luxurious amenities, get involved in local activities and more. Owning will give you greater pride in your home, as well as greater pride in the surrounding community.
The ability to create your dream home
One of the biggest advantages of homeownership is the creative freedom you’re granted in order to turn the home you’ve always envisioned into a reality. When renting a home or apartment, you have very few options in the personalization and customization of your space. The most you can really get away with is painting walls, and even then, it could lead to more work down the road when you’re asked to repaint—or lose your deposit. Owning a home gives you the power to personalize every single aspect of it, and buying a home from Symphony Farms gives you endless possibilities—from finding the perfect floor plan and picking out your favorite finishes to choosing a color palette and designing your dream home interior.
If you’re ready to experience the infinite benefits of homeownership firsthand, our team at Symphony Farms is ready to help you on your journey. With extensive experience in building high-quality homes in a remarkable community within the sought-after town of Gardner, KS—there’s no better builder to show you the neverending advantages of owning a home. For more information about owning a home at Symphony Farms, be sure to browse all of our quick move-in homes, and don’t hesitate to give us a call at (913) 884-6300 or contact us online to start the exciting journey to homeownership today.