Blog Post 30: New Construction on the Rise!
Blog Post 30: New Construction is on the Rise!
New Construction communities are on the rise in the state of Florida! I am willing to bet you could find a new development within minutes of your current address! However, new construction may or may not be the best route for you.
As a Lakewood Ranch area resident, I am watching the amount of new home builds increase by the day, along with the interest in them!
Lakewood Ranch is currently ranked the “#1 multi generational place to live in the United States” for yet another year. New construction is on the rise partly due to various types of new communities being appealing to everyone of every age.
Every community has its specific appeal, and, one of them may be exactly what you’ve been looking for, such as Lakewood Ranch, Jupiter, or Wesley Chapel, just to name a few. Here are the 10 Best Places to Invest in Florida to give you a few more ideas!
Reasons Why New Construction Might Be Right For You..
- New construction is on the rise for people who are Currently renters that need to finish out a lease, or, homeowners needing to sell their home before they move again. With new construction, you have a longer timeline then you would with a move in ready home.
When purchasing new construction, you will pay a percentage of your downpayment, then, have a drawn out timeline that can allow you to close out other financial chapters before starting a new one. You will not start mortgage payments on the new construction home until it is completed.
Note: new construction is on the rise because many of these communities also offer move in ready homes.
perfect for someone wanting a new build, without the wait!
- New construction is on the rise because everything is FRESH and NEW for you and only you. New construction is untouched by anyone but you and allows you to walk in, with confidence that all is well done, and, if any issues or scuffs arise, your builder is required to fix them in a timely manner (timeline varies per community and builder)
- New construction is on the rise because you can customize! If you are excited to design your own home, new construction is your ticket. Most new construction communities will have a series of base models to choose from, with the addition of many different personal selections. A dream come true for the creative eye! Not so creative? The new construction design team will be there to guide you.
One of the main reasons NEW construction might NOT be for you:
If you are in a time crunch new construction might not be your route! If your timeline is short and sweet, looking into new builds is not your best bet. Some can take over a year, depending on where the builder is at in the process in that specific community.
This can also include timeline’s being extended further than predicted due to building materials and different technician’s schedules. New construction requires a bit of flexibility, in order to save you the stress.
Want to learn more about future and active new communities in your area or an area of interest? Send us a note!
OR click here and input your new construction search criteria and search on your own!