As a result, our new homes are not only more affordable to buy, they’re also more affordable to live in. There is simply more savings and reliability built in to new homes. Lino Losani
lino losani
president, losani homes
with new requirements for energy efficiency in new construction implemented earlier this year, new homes are being built better and better, making them more cost-effective to run in the long term. Commodity pricing is another plus for new-home buyers. With the slowdown in the US economy, Phelps says the simple economics of supply and demand come into play. US buying power is down keeping lumber and other commodity prices low in North America and globally. “It’s showing signs of picking up, so when it does, it will drive new home prices back up, so buy now,” he says. Since Losani Homes started building homes 37 years ago, home builders have been consistently improving their community planning efforts. This means more schools, parks, shopping, greenspace and other amenities all located within the master plans, explains Lino Losani, president of Losani Homes, shown above in front of the very first home he ever built. “That means living in one of our new communities is more convenient and fulfilling by design. We planned it that way.” “The growth in local economies that follow our new communities quickly increases the desirability of each location, right from opening day.” Buying a new home right now is the first step toward generating home equity without the need for costly home improvement, says Losani. “It’s just easier, and this is always more evident for the first owners of the home.”
Losani credits the advancements of residential engineering and energy efficiency with substantial long-term savings in home maintenance and energy costs. “As a result,” he says, “our new homes are not only more affordable to buy, they’re also more affordable to live in. There is simply more savings and reliability built into new homes.” And let’s not forget about the comprehensive warranty benefits that are available only with new homes, he says. “It provides an overall peace-of-mind in the home that you just can’t get anywhere else.” “When you add up the efficiency savings, equity potential and warranty coverage, and then offer quality-built homes, choice locations and endless custom options, it’s hard to argue why anyone wouldn’t choose to buy new.” 2012 Home Builders’ Annual
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