Choosing whether to purchase a new or pre-owned home is a critical decision for homebuyers, and it’s important to know the reality behind some misconceptions about buying a new home.

KB Home, one of the nation’s largest and most recognized homebuilders, debunks three myths associated with buying new construction.

Myth #1: A new home is more expensive than a pre-owned home.

Fact: New homes can be built to accommodate any budget. Buyers can select from a variety of floor plans tailored to meet a range of budgets, so they only pay for what they value. Also, with standardized energy-efficient features, monthly utility expenses can be lower than those of an older home or rental property.

Myth #2: A new home will have features I don’t want.

Fact: While it’s true that some new home builders produce communities in bulk and sell speculative inventory homes, homebuyers typically get to select the floor plan and features that best fit their needs and preferences before construction begins.

Myth #3: Buying a pre-owned home is better for the environment.

Fact: Just like today’s cars run much more efficiently than the clunky gas guzzlers of the past, all new homes use energy far more efficiently than a typical pre-owned home. In addition, new homes utilize sustainably-sourced or recycled-content products whenever possible when building, and often employ advanced supply chain management and recycling practices to minimize waste in the home construction process.

Myth #4: I won’t save money buying a new home.

Fact: There are a lot of ways that purchasing a new home can lower the total cost of homeownership. Along with saving on energy and water bills, homeowners generally save on renovations and repairs. More importantly, homeownership can offer long-term financial advantages, including the opportunity to deduct mortgage interest payments from your income taxes and the potential to build equity in your home.

Source: KB Home