Homebuying Basics

When you get the information you need and are educated about the homebuying process, purchasing your home can be a great experience. At Irvine Pacific, we pride ourselves on providing the personal attention and resources you need to guide you through the process.

Here you will find information to make your homebuying experience as smooth as possible — from understanding the benefits of homeownership vs. renting, to credit scores and mortgage tips. Armed with this knowledge, and your Sales Counselor at your side every step of the way, we are confident your transition from homebuyer to owner will be an easy and enjoyable experience.

Lifestyle Quality

We know that your neighborhood is an extension of your home’s value. Located in the Villages of Irvine®, our neighborhoods are designed so that you are able to enjoy their lasting value with access to excellent schools, open space and close-to-home recreation.

Whether you have young children or simply appreciate the added value of proximity to award-winning schools, selecting a home located in the Irvine Unified School District will continue to reward you for years to come.

Beyond quality education, we know feeling safe in your home is priceless. The City of Irvine is known as one of America’s safest cities, so you can sleep well knowing you have chosen a home in a community with a reputation for safety.

In addition to excellent education and a reputation for safety, the Villages of Irvine make up one of the nation’s most highly acclaimed communities. With an active and extensive community life, from local parks and playgrounds to open space, trails and nature preserves, your Irvine Pacific home provides unique advantages that will continue to reward you day by day and year after year.

Renting vs. Owning

Homeownership comes with many benefits, from practical to psychological.

Rather than paying rent to someone else, owning your home means making an investment in your future. In addition to that investment, there are tax advantages that come along with buying a home vs. renting, as you can deduct mortgage interest and property taxes. Home equity potential can also be a highly motivating factor in the decision to buy a home vs. rent.

Beyond the practical reasons for owning a home, the intangible, emotional benefits of owning a home vs. renting are equally important and, for some, even more compelling. Owning your home provides peace of mind, a sense of stability, and pride of ownership. Homeownership also grants you the freedom to create a space that is uniquely yours, whether that means redecorating, remodeling, planting a new garden or just knowing that you could if you wanted to.

10 Reasons to Buy New

When looking for a new home, one of the first decisions you will make is whether to buy a new or existing home. While purchasing an existing home has its own advantages, there are also many benefits of buying a new home. We have outlined 10 of those benefits for you here.

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New Home Pricing

Though the price of a new home may be more expensive than an existing one, your new home is likely to need fewer repairs or replacements since everything is new. Even better, homes usually appreciate with time and when you buy a new home located in a desirable neighborhood, the value may increase even more and you likely will have a greater resale appeal if and when you sell.

Your Neighborhood Is Well Planned

Builders know that a key factor in selling homes is to build them in well-planned, desirable neighborhoods. This is accomplished by carefully selecting lots in locations with a quality reputation and desirable amenities for future residents including top-ranked educational facilities and best-in-class dining, shopping and recreation.

Up-To-Date Design

New and better ways of constructing homes are consistently being generated. Also, as consumer trends change, new construction can respond with floorplans to accommodate customer needs that some existing homes do not include such as great rooms (oversized family rooms), larger closets, media niches and larger state-of-the-art kitchens.


A new home comes with something no older home can provide — the builder's limited warranty. This is your assurance that you are getting what you paid for and that your builder stands behind their product. A warranty typically covers new appliances, carpets, mechanical equipment and overall construction of a new home for a period of time.

Energy Efficiency

New homes are more energy efficient because they are better insulated, have better windows and more efficient central heating and air conditioning systems.

Wired for State-of-the-Art Technology

With the abundance of home computers, home media centers, surround sound and other modern conveniences, new homes are being wired to accommodate state-of-the-art technology that wasn't available when many existing homes were built.

Healthy Living

New homes may offer health advantages. Asbestos is no longer used in shingles, floor tiles, ceilings or insulation. And most often, lead is no longer used in paint, and formaldehyde emissions have been virtually eliminated from plywood and particle board.

Low Maintenance

New homebuilders use the latest and greatest materials that technology can offer. The result? New homes are virtually maintenance free for many years.

Help Through the Process

To help make the new home buying process more manageable, builders provide customers with a team of trusted professionals to guide them through the process. This is especially helpful for first-time buyers.

A New Home Is All Yours

There is truly no place like home, and when you purchase new construction, you are able to create the setting you desire. The flooring, window coverings, appliances in the kitchen — all special touches that make your home distinct and special will be exactly what you decide.

Credit Scores

When buying a home, understanding your credit is crucial. Your credit plays a significant role in determining the interest rate of your loan and the amount you can borrow. Three main credit bureaus are responsible for "scoring" your credit based on your credit history with items such as credit cards and loans. Lenders may contact one or all of these credit reporting agencies when deciding whether or not to grant you credit, and the higher your credit score, the more favorable your interest rate and other terms of your loan will be. To improve your score and make sure you are desirable to lenders, pay your bills on time, remain below your credit limit and pay off your debt rather than shuffling it around.

Federal Trade Commission Consumer Credit Information
National Foundation for Credit Counseling