There are a lot of good information here that our fellow realtors mentioned, whichever you decide to do it, working with a Realtor helps you to make wiser decisions during your home buying process. Your realtor will help you to see the existing Frisco inventory and new custom homes so you can compare your options easily.
Many families can't translate a new home in their mind for a finished product it can cause problems
Never enter into a builder agreement unless you have a Realtor who represents you some families can go over board with additions home is then over valued
Can you understand flow of homes thru a home? It amazes me on mistakes made when building a home then realize property makes no sense. I am on property over 400 times a month some are custom home expensive to correct mistakes.
Do you understand all amenities now offered in home
How long take on home much depends on builder, design, weather, many other variables.
The Michael Group - Dallas Business Journal Top Realtors
We're having to get very creative in areas of Frisco when someone knows where they want to live, but they don't care for any of the existing resale inventory. Although we weren't immune to the recession entirely, Frisco didn't get hit that hard and never quit being an area of great demand in our DFW Metroplex. Our job, as real estate agents, is to match buyers and sellers. Be very specific with your real estate agent and then let them work for you. Maybe your best match isn't even listed yet, but they know where to find it. I keep a file on families who are considering selling each year, but don't yet have their home on the market. Your agent may, too.
Have a blessed day!
Ronda Allen, C.P.M., SFR, TAHS
It depends on what you are looking for. If there are existing homes that could fit your needs, that would give you the most bang for your buck. But do understand that there is no "perfect" home. There's always going to be a few things that may be lack on your list. Just decide if you must have those items. As far as pricing, you see what you get and there would be no surprises there.
If you build it, you have the wonderful opportunity of designing your own home. However, depending on the floorplan, you still may or may not get what you want. If you choose this route, you will feel nickeled and dimed when you get to the Design center. Even if you did your pre-liminary homework and told the Builder you want to see the choices at the Design Center prior to deciding whether to proceed or not, my experience tells me that clients are still usually go over budget. By this time, a little less than if you had never been to the Design Center at all. Hence, if I were to evaluate this route, it will be hard to talk price per square feet. Everyone's taste, wants and needs are different.
It will take approximately 7-8 months to complete from the time you sign your contract. It also depends on whether you have structural changes to the existing blueprints. That could make a difference on timeline too.
You may also want to consider a realtor representing your interests even in a new build. The sales person is there to protect the Seller's (ie the Builer's interest). Having a realtor can help set your realistic expectations about the entire process (a realtor with new build experience). As a recent example - the Design Center salesperson insisted that the stamp on the blueprint was a City Approval and made my clients very excited. I told them it's not, and it's just an architectural approval stamp. Understanding this made a difference in setting us back another 2 weeks. Had my clients believe her, and found out the truth later, that would be another setback in relationship. It is difficult to share experiences on how realtors make a difference in a new build but do speak to one who has experience and will make your experience a more pleasing one. Realtor commission is paid by the builder's marketing budget and doesn't affect your price.
3:16 team REALTY
Realtor(R) | Broker
There is lots of inventory in new homes, pre-owned, foreclosures, and short sales available in Shaddock Creek Estates. Not all of the properties in the Multiple Listing System provide the specific phase of the subdivision so I'm not sure how many of the properties might fit your needs. However, if an existing home meets your requirements, the only reason to wait 8 months or more on a new build is to get exactly what you want or perhaps a specific lot. The difference in price between a foreclosure, short sale, or pre-owned and a new build can be tremendous. However, choosing a home or builder based on the price per square foot in Shaddock Creek Estates is not possible because of the range of features and detailing provided by both inventory homes and new construction. Price per square foot is only an accurate measure of value if you are comparing apples to apples. Some of these apples are organically grown and highly polished. Others have been sitting on the ground for a few years.
The choice of builder also depends on your style preference and possibly the location within the subdivision where you want to build. Most of these builders have reserved specific lots with the developer.
What you need first is an agent who can help you review the inventory, your needs and your schedule and provide you with the market information and guidance in analyzing the builders to help you make an informed choice. If you choose to build a custom home, you need an agent who is familiar with construction and can monitor the process for you as well as provide you with professional inspections at key stages in the construction. I am this type of facilitator and as your representative, I work for you. The builders don't.
Realtor, ABR, E-Pro, GRI
With that said, the inventory homes and most of the resaleâ€™s will be the better buys. There are a lot of great deals on homes going on in there.
My personal preference would be to buy a resale. You might could get resale in the area of $80/sqft.
Chances are you will pay $100 or more for new build. Of course all this depends on lot, size, shape, finish out, etc.....do you want basic or high end appliances....do you want the standard tile or fancy travertine finish outs in the baths. Do you want cultured marble or granite in the baths, do you want carpet or hardwoods? All these choices can dramatically increase the cost of the house.
Always always always use a realtor, even when building a new home. Lots of things can go wrong so it is nice to have someone in your corner protecting your interests. This is often at no cost to you. We can't always solve every problem, but can solve many and it's always nice to have an extra set of eyes and ears taking notes, thinking about resale in the future, etc.
Have fun and good luck.
There are preexisting homes in those areas as well, you can search based on your requirements. A realtor can set you up based on your requirements in a getaways and you can be notified of all the resale homes.
If you are looking for a Realtor to represent you, My husband & I work as a team if you like to talk to us, you can contact me at 214-563-9876.
Keller Wiliams Reatly Frisco Star