Should you buy new or a resale?
There are definitely advantages to both, but usually price is the main factor for buying a resale home, plus they offer a certain charm. Many buyers look for something that has more character, and that can be more costly to create in a new home.
But let us share with you some of the benefits of new construction.
Builders are now more educated on what guests are looking for in a vacation home and features that can have a large impact on the income a property can generate. And they are building the resorts and homes with those factors in mind. For example, gated entrances, large clubhouses and more amenities, more appealing and functional floor plans, extended pools with spas, etc. And the newest trend is to offer food and beverage services.
Yes, the old statement: Location, location, location, makes more sense now than ever. Many builders had purchased land in premium areas just before the recession but didn’t build then. And now with the great recovery of the real estate market in Orlando, they have started to build in those key locations.
But, you also have many other advantages. Among them you will find:
Warranties, for example:
– first year everything is included
– first two years plumbing, electrical, and basically everything behind the walls
– 10 year structural warranty
– The appliances, A/C, Pool, etc. have their own warranties and can be extended.
Builder’s incentives: You will be happy to know that most builders will give you anywhere from $3,000 to $10,000 in assistance for closing costs, upgrades in the home, or even a price reduction.
Build up fantastic equity: Most new construction communities are located in up-and-coming neighborhoods where the increase in demand is not stopping any time soon. And with the prices continuing to rise, the chance to build equity is very strong.
Amazing designs: The highly desired open concept is the design that builders are offering in many of their homes. These popular designs will offer you beauty and a cozy environment that will allow your family to enjoy quality time together. The split floorplan gives the master bedrooms a nice separate and private space while the kitchens have lots of counter space and much more – I prefer to take you for a tour so you can see it all for yourself!!
The advantages of cost-saving technology on a new home: One other very important feature is the great energy efficiency and latest building technologies that are utilized. The State of Florida has recently changed building codes (May 2012) that assure you that your home will save you much more money in utility consumption when compared to older homes. And, the quality of materials, design and construction is something you will enjoy for years!
And finally, but highly important, too…cost of insurance or in some cases the difference between getting insurance and not. Newer building codes are a requirement for many insurance companies.
And let’s not forget that incredible smell of a new home and the sensation that no one has lived in it before, you are the FIRST!!!
You should be accompanied by a Realtor who can professionally represent you during and after the purchase and will also negotiate all the best terms possible for you. And we are happy to do that for you, contact us at Milena@VivaOrlando.com