BLOG : WI Home Builder: New Construction vs. Foreclosure
Saturday, February 27th, 2011 by Anchor Building Corporation
What Is a Warranty Worth?
Mortgage rates are low, home buying incentives are high and the housing market is flooded with foreclosures. Do the risks of buying a foreclosure outweigh the benefits? While foreclosure list prices may sound enticing, you need to keep in mind the expense of purchasing a home in “as-is” condition. In many cases, the buyer spends more money making a foreclosure livable then they would have spent on a new, custom home built by Anchor Building Corporation.
If you can pay rent, you can afford a new home. Anchor Building Corporation has been building and renovating quality homes for every lifestyle for over 20 years. New homes have many advantages. When you purchase a new home from Anchor Building Corporation, you are protected by a warranty. If anything goes wrong, the home is covered by the builder’s warranty on workmanship and materials, as well as a 10-year structural warranty.
When purchasing a foreclosure, you have no recourse against the seller. In Northern Wisconsin, a common problem with foreclosures stems from the temperature of the home while it is vacated. Frozen water lines create expensive repair costs and the purchaser will not usually realize this – until it is too late. You can contact Anchor Building Corporation for the water damage renovation, or better yet, you can contact Anchor Building Corporation to build your new custom dream house.
Reality check - it’s a great time to be a homebuyer. If you’re a risk taker, a foreclosure could be right for you. For the rest of us, a home is not a purchase to take a risk on. Buying or building a new home from a licensed Wisconsin home builder promises the best of both worlds – outstanding value and peace of mind.
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