Newly built or pre-construction homes are the house of choice for many homebuyers. Trulia recently asked people Americans whether they would prefer to buy a newly built home or a previously-lived-in home, and a whopping 41 percent said they wanted brand-spanking new.
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Model homes are typically staffed by a real estate agent who has a relationship with the builder. It’s important for you to have an agent to represent your best interests, from advising you on how to structure your offer to be most appealing to the builder to making choices that can affect your home’s resale value.
A newly built home allows you to spend your time and money the way you want. There’s nothing to repair or re-do.. Owners of newly built homes generally pay lower taxes over the first two years.. That’s the problem with buying a used home-you may get hit with expensive repairs.
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Buying "new construction" is a bit different from buying a previously-owned home. For one, because there is no previous homeowner, you don’t have to deal with a seller’s emotional tie to the property, which typically influences the negotiating process.
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Fewer repairs: The features of newly constructed homes should also hold up better than those of existing homes, which may have experienced years of wear and tear, says Evan Gilligan of Mandrin Homes. "People will buy [previously-owned] houses and then the carpet needs to be replaced or it needs to be repainted, or it needs new appliances, or the flooring is shot," Gilligan says.
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2. It’s not difficult to design or build a Victorian home but rather it may take more man hours which due to the higher level of craftsmanship will inevitably cost more sometimes by a factor of 2x. Thus if a typical 3,000 sq ft ‘builder’ home is about equal to the cost of a 1,500 sq ft. Victorian home and this is only a ballpark estimate of course.
First-time homebuyers sometimes self-select themselves out of looking at newly built homes, believing that a new home is out of their reach financially. However, real estate agents and builders point out that a new home can be a great fit for first-time buyers because newly built homes are less costly to maintain, are more energy-efficient, won.
3 Things to Know in the Housing Market Today! 3 Things to Know in the Housing Market Today! 3 Things to Know in the Housing Market Today! A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative.The United States housing bubble was a real estate bubble affecting over half of the U.S. states. As of August 2007, D.R. Horton's and Pulte Corp's shares had fallen to 1/3 of their respective. from the New York Stock Exchange; shares now trade on the over-the-counter market.. "American house prices: realty check".