A fundamental question many home buyers grapple with is whether or not they should opt for a new-construction home. For some, the cleanliness and modern styling of a brand-new home is highly appealing, but on the other hand, lots of people consider new-construction homes a little too sterile, lacking character.
Most of Central Florida's 55+ communities offer a mix of new-construction and previously owned homes, so chances are good circumstances won't resolve the issue for you, and you'll have to figure out which way you want to go.
Here's a look at some considerations in the new-construction versus resale debate to help you decide.
Home Prices
Many new homes are priced comparably with resale homes. However, upgrades, lot premiums, and other add-ons can drive prices much higher. Model homes are typically loaded with all the extras not included in a basic floor plan and price. Make sure you calculate upgraded flooring, cabinetry, counters, or other extra costs you'll want that aren't included in a base home. Depending on your selections, this can add upwards of $50K to your starting price.
Cleanliness and Quality
Of course, one of the greatest advantages to a new-construction home is that it's so clean. Many people take comfort in knowing they're the first occupant in their home. Additionally, there aren't any issues due to wear and tear in a new home. However—while we at Central Florida 55 Plus Realtors only deal with communities created by reputable, experienced builders—if you're looking elsewhere, check into the track record of the builder; if they cut corners during construction, problems may arise that haven't yet come to light.
Landscaping and Views
New communities often lack mature landscape features and scenic views, as they can take a while to develop. Also, with homes being built in and around the area, you may not get an accurate sense of the views and surroundings your home will have in the future. Make sure you get the full story about the plans for future development throughout the entire neighborhood.
Planning Possibilities
A new-construciton home offers the opportunity to customize and design the home of your dreams, and some smart choices can help add character to a new place. As mentioned above, though, this can add considerable costs. If you can find a nicely updated resale home, or one that wouldn't require much more than cosmetic changes rather than structural work to get it where you want it to be, this may be a suitable alternative.
Energy Efficiency
Generally, the newer the home, the more energy efficient it is. Greener design, techniques, and products are always becoming available, and emphasis on energy efficiency continues to grow. This is definitely an advantage with most new-construction homes—both in terms of environmental friendliness and lower utility bills. Still, some resale homes are updated to be more energy efficient than they were originally, so don't count them out.
Warranties
New homes and many like-new homes in new-build communities are protected under warranties. This is a considerable advantage for purchasers who don't want to invest time and money in unexpected repairs. In resale homes, this risk can be mitigated by purchasing home warranties that protect systems and appliances up to a full year after purchase.
Talk to Us
Working with experienced realtors who are choosey about the communities and builders they deal with is essential to getting the perfect home, whether you're going for new-construction or resale. We fit the bill, of course, and can provide lots of guidance on new-construction versus resale home buying. We hope you'll get in touch if you're looking to buy a home in an acitve-adult community in Central Florida!
