LOS ANGELES--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, has been helping consumers make sensible home purchases through its more than a half-century of experience in offering quality new homes. Choosing whether to purchase a new or pre-owned home is a critical decision and it is important to know the reality behind some of the misconceptions about buying a new home.
Myth #1 A New Home Will Be More Expensive Than a Pre-owned Home
FACT New homes can be built to accommodate any budget. Through its unique homebuying experience, buyers of KB homes can select from a variety of floor plans that are tailored to meet a range of budgets, so they only pay for what they value. Also, with energy-efficient features like those that are available standard and as options in a new KB home, monthly utility expenses can be lower than an older home or those of a rental property.
Myth #2 A New Home Will Have Features I Do Not Want
FACT While some new home builders produce communities in bulk and sell speculative inventory homes, at KB Home, homebuyers typically get to select the floor plan and features that best fit their needs and preferences before construction begins. Whether it’s a walk-in closet or a third bedroom, at KB Home you can purchase the home of your dreams at an affordable price.
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 KB homes use energy far more efficiently than a typical pre-owned home. In fact, a new ENERGY STAR® certified KB home uses an estimated 65% less energy than a typical resale home. In addition, KB Home utilizes sustainably-sourced or recycled-content products whenever possible in building its homes, and employs advanced supply chain management and recycling practices to minimize waste in the home construction process.
Myth #4 New Homes Are Located Far From Daily Destinations
FACT At KB Home, we focus on building communities that are close to schools, shopping and employment centers. KB Home communities are also located convenient to major highways so that KB homebuyers can easily get to where they need to go.
Myth #5 I Will Not 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. At KB Home, our energy- and water-efficient features that come standard with our ENERGY STAR® certified new homes can shave a lot off monthly utility bills compared to a typical resale home. Along with saving on energy and water bills, when you move into a new KB home, you can also save yourself from the time, expense and hassles of trying to renovate a pre-owned home.
In many American cities today, a monthly mortgage payment is actually less than a monthly rental payment. This is based on current median home sale prices, historically low interest rates and average local rents. Over time, homeownership can also offer longer-term financial advantages, including the opportunity to deduct mortgage interest payments from your income taxes and the potential to build equity value in your home. Both of these benefits are not possible in a rental situation.
Myth #6 New Homes Don’t Have Warranties
FACT KB Home provides its “100% Complete 100% Satisfied” program to deliver the home you purchased complete and on-time. Unlike a pre-owned home, you also get the benefit of the coverage of KB Home’s 10-Year Limited Warranty. In addition, to achieve their ENERGY STAR certification, all new KB homes have been designed and built to standards well above most other new and pre-owned homes on the market today and include many features to enhance comfort, performance and durability.
Myth #7 New Homes Don’t Have as Much Character or Interest
FACT At KB Home, we have a team of experienced architects that has developed several award-winning home designs with stylish elevations, creative features and flexible, open floor plans that let you define your space to suit your tastes and lifestyle. In many KB Home communities, the architectural elements and themes of the homes we offer are intended to complement local settings. So whether it’s Spanish-style in Las Vegas or a woodsy Craftsman-style home in Denver, we build beautiful homes that our customers love.
For more information, visit www.kbhome.com or call 888-KB-HOMES.
About KB Home
KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's unique homebuilding approach lets each buyer customize their new home from lot location to floor plan and design features. As a leader in utilizing state-of-the-art sustainable building practices, all KB homes are highly energy efficient and meet strict ENERGY STAR® guidelines. This helps to lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). KB Home has been named an ENERGY STAR Partner of the Year Sustained Excellence Award winner for four straight years and a WaterSense® Partner of the Year for four consecutive years. A FORTUNE 1,000 company, Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.