Are you ready to buy a home in Southwest Florida? There are many different options for homes from Marco Island to Cape Coral, including many new construction homes.
As the region is growing, many new developments are coming up where you can buy a brand-new house rather than purchasing a resale.
There are many benefits to buying a new construction home, but there are also aspects of buying a resale that could be more beneficial for you. Ultimately, deciding whether to buy a new construction home depends on your needs and your budget.
So, how can you decide if a new construction home is right for you? Keep reading to find out the pros and cons of new construction homes.
Key Benefits of New Construction
It’s no secret that buying a “new” home has many benefits. Here are some of the key benefits of buying a newly built home:
- Modern floor plans – Many older homes are built with the features that are popular at that time. Newer homes will be built with modern trends in mind like open kitchens, large master baths, and additional storage. Older homes built earlier than the 1990s will be lacking in design for a modern lifestyle.
- Customization – When you’re building a home from the ground up, builders give you options to customize homes in a variety of ways. From lighting, flooring, cabinetry, countertops, and more, you can decide what features you want your home to have and won’t have to settle or compromise like you would for a resale. Depending on your builder, some of the customizations may be considered upgrades, while some may be included in the base price.
- Energy & technology efficiency – In the 21st century, the home builder’s knowledge of how home design can be more energy efficient has grown exponentially. Many newer built homes are designed with renewable energy resources, like solar, and with more efficient insulation. Not only will this be better for the environment, but it will save you thousands on your energy bill over the years. Also, many new homes can be built with new smart home technology equipped – like alarm systems, speakers, digital thermostats and detectors.
- No initial maintenance and repairs – No matter how nice the resale you find is, you’ll probably need to invest some money into updates, maintenance, or repairs. With a new construction home, the work is already done for you and you won’t have to worry about putting money into repairs once you move in.
Challenges of New Construction
Now that we’ve gone over the benefits of new construction homes, we can’t ignore that there are challenges associated with purchasing a new home. Here are some of the challenges that you may face if purchasing a new construction home:
- Builder selection – Not all builders are created equally. The experience of building a new construction home depends on the policies, skills, and options available among builders. Be very selective and do the research about the builder you chose to work with because it can make all the difference in your home.
- Cost – Many custom upgrades and additions you chose to add to your new construction home will be added cost. You might see the base price of the property and think it’s within budget, but as you begin the process of choosing upgrades find the price rising. Also, most new construction homes don’t leave much room for negotiating off the base price like you might be able to with a pre-owned home.
- Limited options – You may think you’re getting your dream home by choosing new construction, but even with customizations, you are still limited by the options the builder is giving you. Many builders only have a few options for colors, countertops, and carpeting, and if that doesn’t fit your preferences you will have to settle or renovate after the fact.
Work with A Licensed Realtor to Purchase New Construction
Many people think when purchasing a new construction home, the buyer can go directly to the builder. The truth is, to make the process as easy and seamless as possible, it’s best to work with a licensed realtor to help you in your purchase of a new construction home.
The builder’s sales staff protects the interest of the builder, not the buyer. As a Realtor, we work for the buyer and negotiate on their behalf, asking the right questions to get you the best possible deal. We are familiar with all the new construction communities on the market and can show you additional communities that the builder’s staff may not be able to. We also know areas and future plans regarding real estate. We can also handle the closing cost, title, and inspection.
Are you ready to get started purchasing new construction in Southwest Florida? Jay Montgomery is a licensed Realtor who is an expert at buying and selling homes in the Southwest Florida. Contact Jay for more information on buying new construction at (239) 301-9453 or click here.