|
Buying a new home can be an overwhelming process. There are so many decisions to make, from school district and floor plans to ceramic tile and hardwoods. Purchasing the home of your dreams is the biggest investment you will make. Here are some things to think about:
-
There are generally three costs associated with owning most products: sticker price, operational costs, and maintenance costs. The same is true for owning a home. In terms of homeownership, this translates to the down payment, monthly homeownership costs, and maintenance costs. For each of these, an ENERGY STAR qualified new home can cost less than a standard home.
-
Purchasing an ENERGY STAR qualified home may allow you to qualify for an energy efficient mortgage (EEM). EEMs can help you qualify for a larger loan by taking into consideration the money you will save each month on utility bills. A larger loan means more upgrades or a larger home! Ask your lender about energy efficient mortgages.
-
ENERGY STAR qualified new homes have higher resale values than standard homes. While selling your new home might seem like a distant reality, it is important to collect your ENERGY STAR certificate and label at the time of purchase. These documents are proof of your home’s certification and will be critical in substantiating the higher resale value of your home.
|
