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Washington Post snaps Miller & Smith models for recent article

Posted on April 25, 2013 by Miller and Smith Blog Team

Recently, the Washington Post wrote an article entitled House hunters caught between new and existing homes.

We were thrilled to be featured front and center in the article with a photograph of our newest single family homes, the Downtown Collection of One Loudoun in Ashburn, Virginia.

Photo Source: Washington Post

The article discusses the advantages and disadvantages of buying a new home versus an existing home.

One of the reasons our homes were featured is they meet a distinct advantage to buying new. The Miller & Smith homebuyers interviewed for the article were downsizing but needed enough space to accommodate their college-age son.

They found exactly what they were looking for in our Tribeca Model, which offers a separate private studio space over the 2-car garage‚ the perfect getaway for in-laws or older children returning from college.

Finding a home that meets very specific needs is one of the major advantages to buying new.

The following are several other advantages to buying new, as discussed in the article:

  • Brand new warranty on all appliances and structural issues
  • Buyers get to choose all of the selections and finishes they want, including flooring, counter tops, lighting, hardware, etc.
  • The scale of new homes tends to be larger with taller windows, bigger closets and garages, and more storage
  • New homes appeal to today’s more casual lifestyle with fewer formal rooms and more open gathering places
  • New homes are considerably more energy efficient thanks to modern building techniques and appliances

The article also discussed some of the advantages to buying an existing home, including the following:

  • Buyers don’t have to wait as long to settle with an existing home, which means they can lock in today’s low interest rates sooner
  • Currently, there is a low inventory of immediately available new homes on the market so there can be more competition over new homes
  • Buying an existing home is potentially less overwhelming since all of the decisions are made in terms of flooring choices, finishes, paint, etc.
  • Existing homes in established communities tend to have more or all of their amenities and infrastructure in place
  • In some markets, existing homes are less expensive than new homes

In the end, there’s no clear winner between buying a new home versus an existing home because there are advantages and disadvantages to both. The good news is, no matter what you decide, now is a great time to be a buyer thanks to remarkably low interest rates.

And if you decide to go new, we know the perfect place to start your search.