Ever wondered what it would be like to own a brand new home?Â Â Many builders in Tampa such as Lennar,Â Standard Pacific,Â DR Horton, and PulteÂ (to name a few) are turning these thoughts into reality in 2012, and are doing so at a great price for many buyers.Â New construction is looking like real estate will be â€œhot off the foundationâ€. Yes, there remain some consumers out thereÂ who have mixed thoughts about buyingÂ a newÂ homeÂ as opposed to buying a resaleÂ home. Many home buyersÂ may have the impression thatÂ buying new is far more expensive than it actually is. Builders are loaded with incentives, upgrades, warranties and more. A resaleÂ canÂ sometimesÂ become a bit more of a hassleÂ while also takingÂ loads of time. Confusion and complications may also accompany a resale purchase.
An important factor that affects resales is the appraisal process. Real estate values are often diminished by neighboring homes going through the short sale process or being sold by a bank. Value can be influenced by the condition the homeÂ may be in and required repairs the home may need.Â It is likely that you may be paying more for a resale than what it isÂ necessary.Â Â
Some advantages of buying new include a builders warranty (usually for 10 years), tax benefits, newest and latestÂ appliances and fixtures, higher standard of energy efficiency, better â€œgreenâ€ building practices, and more structurally sound homes that are made to withstand the elements. There is always the â€œfall in love factorâ€ with new homes! Â
In order to really differentiate the benefits of buying new you have to look at it from the consumersâ€™ point of view. For example, cash buyers who are looking for an investment rather than a home to occupy, short sales and REOâ€™s may be a better option for themÂ and that is exactly where they focus.Â Benefits:Â they donâ€™t have to worry about closing dates and moving plans corresponding with each other.Â Owner Occupied Buyers Benefits:Â For the buyers who are looking for a place to call home, choosing a new home will provide aÂ streamlinedÂ Â homeÂ purchase process. Other attractive components that buying new are financing optionsÂ ,Â usually offered by a builder in-house mortgage lender, new home buyers can avoid the long, drawn out, confusing financing plans that large banks offer.
Ultimately, the decision is inÂ yourÂ hands, the consumer. In any case, whether you are buyingÂ a newÂ home, or purchasing resaleÂ real estate, do your research and know the facts. Being informed is the best preparation anyone can make before making such an important decision.
SI Real Estate offers highly personalized, multilingual, full-spectrum real estate purchase and sales services. We are a boutique for sophisticated investors, select owners or renters who may be upgrading locally, or those making traditional relocations. We also provide turnkey landlord and tenant management. Blending comprehensive insight into the Tampa Bay area with international perspectives for a worldwide clientele, we like to think that â€œSI Real Estate is Global Real Estate in Every Way!â€