If you are a buyer in today's real estate market, then you are clearly in the driver's seat. There is a tremendous selection of homes available, and the prices have come down dramatically from their peaks in 2006.
At the same time, mortgage interest rates are very low historically. Add high inventory, low borrowing costs together- and you get a buyer's market. The residential real estate market of 2011 is the strongest buyer's market anyone has seen in his/her lifetime. The question is not whether or not it is a good time to buy- the question is what to buy.
At Capstone Homes, we think its a better deal to buy a new home. New homes are priced to reflect the market, and Capstone Homes think they offer a better value when compared to existing homes. Obviously, we are a little biased, but consider one thing:
If you are looking to purchase property, you need to think about the total cost of ownership. Over time, a new home will cost less to own than a used home. One of the main costs is maintenance. Another is energy.
One of the upsides of the buyer's market in real estate has been that the overall quality of a Delaware new home is far better than it was a few years ago. One of the ways in which this new quality is clearly demonstrated is in the energy efficiency of a new home. When real estate was booming in 2005 and 2006, people weren't thinking about energy efficiency. People were thinking about buying as much house as they thought they could afford, and people wanted to buy a Delaware beach home before the price went up or someone else bought it. When the market turned, builders had to provide a better value for their clients.
While it might also be true that some builders stripped some materials out of their homes, Capstone Homes has been working constantly since 2006 to give our customers a better home for less money. That is what has allowed Capstone to continue to expand our business in a very competitive market.
One of the features that Capstone has upgraded in all of our new home communities is in our insulation. In the summer of 2010, Capstone began using a blown fiberglass insulation system. This system uses fiberglass to completely fill the wall cavity, and it results in a much better wall insulation system for a Delaware beach home. This blown insulation system is about 20% more effective at insulating a wall when compare to standard fiberglass batt insulation.
This means a new home by Capstone Homes is going to have better insulation than a home built with this feature. A better insulated home will cost less to operate each year- which means that a new home is a better deal now, and the deal improves every time your electric or gas bill arrives in the mail.
Capstone has been using this blown fiberglass system as a standard for over a year. It was brought to the community by Insight Homes, which has been using it for some time. This summer, Schell Brothers also began to make the system standard. In fact, Capstone Homes, Insight Homes, and Schell Brothers all use the same contractor, Delmarva Insulation, to install this system in their new homes.
A new Capstone Home on your lot- or in a Capstone Homes community. You might have to wait a little longer to move in (versus buying a used home), but the patience of waiting for a Delaware new home may pay off for years to come.