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Custom Home Builder Answers Key Questions About Buying a New Home

Categories: Hallmark Homes Group | Posted: March 30, 2018

If you are considering buying a new home from a custom homebuilder, you’re probably seeking answers to a few key questions. You may wonder if owning a new home will save money, if buying will be too exhausting, if you’ll have a long waiting period or how to finance the purchase.

Below, Hallmark Homes Group answers important questions about the buying process while discussing the advantages of home ownership.

Can Buying a New Home Save Me Money?

A new home can lower the ongoing cost of ownership in many ways. Owning a new home provides you the energy-saving benefits of the latest building materials, heating and cooling systems, electrical fixtures and appliances. Plus, modern faucets, showerheads and plumbing configurations use far less water than yesterday’s counterparts. These features translate to significantly lower monthly power, gas and water bills.

Meanwhile, other expenses such as property taxes, mortgage insurance and mortgage interest are all deductible, saving you money on your yearly taxes. Also, any equity built over time through home ownership can be leveraged towards refinancing, covering loans and opening new lines of credit or simply as a retirement nest egg.

Is Building a New Home a Lot of Work?

With the right processes in place, building a new home should not burden you with work, and in fact, should be an exciting and happy experience. Hallmark Homes Group prides itself in making the process easy while creating your vision of your new home.

An experienced sales representative will guide you through our step-by-step process from selection to settlement day. We will be available to listen and answer any questions you may have along the way.

Will I Have to Wait a Long Time?

Hallmark offers several quick move in homesfor buyers who prefer or need a faster settlement time rather than undergo the wait time required by customizing a home.

With a quick delivery option, you can expect your home to be completed within 30 to 90 days and still experience the advantages of owning a new home with many personalized and customized features and finishes.

When you have the option of time on your side, building a custom home is a longer process but the choice is well worth it. You will own a home that is customized to your lifestyle and personally yours down to almost every detail.

Do I Need to Save a Lot of Money?

Getting approved for a loan does not require a large amount of savings. You might assume that you need 10 to 20 percent of a home’s selling price in order to be authorized for a loan. The reality is that in some circumstances you may be able to qualify with as little as three percent down.

Also, a pristine credit score is not always a must. While a higher credit score translates to a lower interest rate, understand that every situation is unique. The best approach is to seek pre-approvalas you are researching your buying options, this way you will know what you can comfortably afford from the onset of the home buying process.

For more information, Hallmark provides a mortgage financing guideto help you navigate each step of the financing process.    

Ready to Get Started?

Hallmark Homes Groupis a Pennsylvania builder offering homes in the Bucks County, Montgomery County and Lehigh County areas specializes in creating custom dream homes along with positive experiences for their buyers.Contact usto learn more about working with a custom homebuilder.

Connie Sweeney

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