There are a number of notable factors that apply when purchasing a new home. While most of these are advantageous, some are not - so think things over before proceeding.

• New homes are likely to be priced higher than comparable older ones.
• The features and layout are likely to be modern and up-to-date.
• Builders are often unwilling to negotiate price on new homes.
• The new home warranty provides considerable protection if things go wrong after the closing.
• If you purchase a home that is not yet finished, it is important to realize that construction is often beset with completion delays.
• You may have to put up with construction in the area for quite some time.

The new home market varies considerably by area. Older, built-up communities often have little new construction, while growing suburbs have numerous projects at any given time.