Video transcript: Buy or Build a Home
Note:
This video uses text, infographics, and animated illustrations to reinforce spoken content. Light music plays.
On screen:
Deciding on a Home.
Logo:
The Chase octagon symbol.
On screen:
A house is for sale and a new house is being built.
Narrator:
To buy or to build? That's the question. There are pros and cons to both. One advantage of an existing home is that you can see it for yourself; you don't have to imagine what it will look like.
On screen:
A couple meets their real estate agent outside a modern ranch style house.
Narrator:
And depending on the age, existing homes may have more character and different construction quality than a newly built home.
On screen:
The Real Estate Agent shows the couple the inside of the house. Dollar signs appear above windows, fixtures, and appliances.
Narrator:
It can sometimes be easier to get a loan for an existing home too, since your lender can better appraise its current value.
On screen:
An illustration shows a cracked window.
Narrator:
On the other hand, existing homes may need updates or repairs which can add up.
On screen:
The couple visits a home construction site and meets with their contractor, who is holds blueprints.
Narrator:
Building a home can also be a great option because you can customize it to fit your unique needs. A newly built home will also come equipped with modern, more energy efficient building materials and appliances, which can help reduce your utility bills.
On screen:
The couple stands in their new home's kitchen. Icons indicating energy efficiency appear above the appliances and fixtures.
Narrator:
But new homes can sometimes take a long time to build and may be more expensive than an existing one. Loans on newly built homes may also be more complex and unexpected construction costs can sometimes take you over budget.
On screen:
The couple is in a Chase branch, meeting with their Home Lending Advisor.
Narrator:
Your Home Lending Advisor can help determine whether buying an existing home or building a new one is best for you.
Logo:
The Chase octagon symbol.
On screen:
Chase. Make More of What's Yours (registered trademark).
Note:
Legal disclosures appear.
On screen:
All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. Home lending products offered by JPMorgan Chase Bank, N.A. Equal Housing Lender. Copyright {{copyrightCurrentYear}} JPMorgan Chase & Co.