Form your experience would you suggest building a new home from scratch or buying something on the market? Negatives and positives?

Asked by Anna Vino, Palm Coast, FL Sun May 1, 2011

Even though paying land and impact fees are a burden on todays home buyer there are real advantages to building a new home are they worth it over the price difference?
Anna Vino
http://floridagreenhomes.us

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6
C.Pat Denvir, Agent, Palm Coast, FL
Mon May 2, 2011
If you are considering a green home, then building new may be the best way to go. Not many re-sales are green homes. if you are looking for a specific neighborhood and it is pretty much built out then you may want to look for a quality re-sale there.
New builds HAVE A GREAT APPEAL. yOU GET WHAT YOU WANT. Per square foot building has dropped quite a bit from five years ago so new builds have become popular.
If you like all the bells and whistles and location is not a big priority, then buy on someone elses dime. They spent the money on the extras and many of these have little or no re-sale effect. You can get a lot of house for less.
You must compare and set your priorities. Draw up a must have list and a want list, then start shopping.
Good luck out there. So many to choose from and so many great builders.
I have two great lots if you decide to build.
Pat Denvir, Realtor
1 vote
Monir Mamoun, Agent, Denville, NJ
Sun May 1, 2011
Depends -- you can get a lot of great deals these days as far as purchasing existing homes go.

You could, on the other hand, enjoy the benefit of your own customer built home. That's a big benefit.

Some food for thought at my blog below... captures other points on the issue of "is now the time to buy?"
0 votes
Floridagreen…, , Palm Coast, FL
Sun May 1, 2011
Hi Anna!
If you considering to buy foreclosure or short sale home in Florida, unoccupied homes with no power and no air conditioning run rampant with unseen, undetected detriments to the health and well-being of you and your family. These dangers include black mold, unidentified Chinese Sheetrock and you are going to pay more out-of-pocket for repairs and health costs later.
Build Certified Green Home instead. http://www.mygreenhomeinflorida.com
0 votes
Robert Rohr, , Palm Coast, FL
Sun May 1, 2011
There are many things to consider to properly respond to your question. Certainly it is a "buyers market" and there are beautiful homes available at very reasonable prices. However, it is often difficult to find that certain home that fits your every expectation. In building a home one can build to suit their every wish. However, a couple of important considerations...location and cost. Is the 'dream home" that you found where you would like it? Is the bargain cost of the home you found worth the price, whatever it may be, if not in the location that you would most desire. So, bottom line, it's worthy to shop and compare!
Bob Rohr Broker Associate 100 Plus Realty Group LLC
)386) 445-5299
0 votes
Marsha Corby, Agent, Palm Coast, FL
Sun May 1, 2011
There are so many great "deals" on the market right now, the builders have trouble competing in price. The advantage of building is that you have EXACTLY what you want, location, upgrades, layout, floorplan......and it's all new and under warranty. Short sales can take 6 or more months to close, and so can new homes. So give me a call and let me send you the best of both world, just let me know what you are looking for. Best Wishes..............Marsha Corby, Palm Coast Shores Realty-----1-386-931-6185
0 votes
Bill Eckler, Agent, Venice, FL
Sun May 1, 2011
Anna,

It is no suprise that today's real state market is considered a "buyer's market." With this said, it should come as no suprise that the best opportunities will likely be found in the re-sale market.

Something to keep in mind with today's new construction is that the product has been watered down to be able to remain competitive with today's market trends. In short, what this means is that the buyer is not getting the same product that they would have gotten if they had elected to build in 2004-2007. Builders have exercised ways in which to cut corners, in many cases, offering a stripped down product with mush less quality.

Today's buyers should be inquiring to the builders about what the difference is in today's construction compared to that of several years ago. I'd love to be a "fly on the wall" to witness the dance steps to avoid the real issue......the produce simply isn't the same.

Your challenge should be determining the difference before commiting.

Best wishes,

Bill
0 votes
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