New Construction: The Pros & Cons of Brand New Condos in NJ

Purchasing a new home is no small thing.  You’ve decided to start a new chapter of your life, make a large investment, and move everything that is familiar to somewhere brand new.  On top of that, there are so many decisions to make in the process. How much money can you spend? Will you choose a single-family home, a condominium, or a townhouse? Where do you want to find your new home base? After all of these questions are answered (budget determined, a condo it is, and New Jersey!) another comes to mind. Is new construction the best option? Specifically, if you are considering new condos in NJ, you should know that there are a lot of pros and cons.

PRO #1: The Space Has Never Been Used Before.

There is something to be said for a home that has never been lived in before. When you move into a new condo in New Jersey, you are the first person to make your mark on the place. The first big clean of the property will be less arduous knowing that no one has stepped foot in the home before you.  Often, pre-owned properties show marks of the people who lived there before. Maybe they had pets, maybe they smoked. In these cases, cleaning the property to the point of pristine can be difficult. No need to worry about this with new construction! The place is all yours to start from scratch.

PRO #2: More Energy Efficiency for You & Your Family.

Newer condominiums across the country are taking advantage of innovations in energy efficiency. In most places that are new construction,  you will likely get a home that is specifically built to use less energy.  Specifically, there are a lot of parts of a home that can be upgraded and designed for energy efficiency. This includes insulation and air sealing, heating and cooling, and appliances. Many builders nowadays are taking these variables into consideration when building new properties. As a result, when you buy a newly built property, you are likely to purchase a home that has a smaller carbon footprint. Options such as energy-efficient windows, which can prevent the 25%-30% heat gain and loss attributed to less efficient windows, are a given. When you are looking to purchase a new condo in NJ, make sure you ask about other energy saver options as well, like smart thermostats and LED lighting.

PRO #3: Less Maintenace Costs At the Beginning!

When buying a brand new condominium, you get what you pay for. In other words, everything on the property will be in top working order. There is no need to worry about what past owners have done to the space, what changes have been made, or what will need to be improved or upgraded. As a brand new home, you can expect that the place already has the latest trends and technology. Additionally, while new condos in NJ aren’t necessarily impervious to needing repairs, the chances of having to fix a leaky roof or a broken pipe are significantly lower. This means that there is no need to spend extra money making improvements and fixes right off the bat.

CON #1: No Say in the Quality of the Builder.

The experience of buying a newly constructed condo varies among buyers because the policies, skills, and options available vary among builders. It is possible that the builder who erected the condo has a different skill level and experience than you would have preferred. This could result in some of your preferences not being entirely met. To find out if the condo you are vetting is safe and comfortable, you can ask the current tenants of the community how they feel about the property. Ask around and make sure everyone is comfortable in their home. Additionally, ask the management of the property who built the condos and when. Make sure the builder is reputable by doing a quick search online to confirm their qualifications. This will help you feel more comfortable in your newly built home.

CON #2: Limited Options

When you purchase a newly built condo, you have limited options for customization. What you see is what you get. The way that the condominium has been designed is exactly what you’ll get when you move in. Of course, there are other ways to customize the space to your liking. You can choose new paint colors and you’ll add your own furniture to your taste, of course. However, the layout of the space will remain exactly as-is. So, you should make sure you feel 100% comfortable with it before you decide to purchase it.

The Lofts Pier Village: A Luxury Seaside Lifestyle for You

Looking through new condos in NJ? The Lofts Pier Village is your answer. At these top new condos in NJ, services, as well as indoor and outdoor amenities abound. In the lofts themselves and throughout the property, no matter how long you live on the property, you’ll never tire of exploring your options. In other words, The Lofts Pier Village offers an all-inclusive, resort-inspired life. To learn more about the amenities at our property, contact us today!

Leave a comment