One of the most exciting aspects of real estate is when buyers have the opportunity to get into a brand new house, known in the industry as new construction.
New construction comes in a few different options. It could be buying a single-family home or condo that has just been built in a new development, buying a semi-custom home in a development in which you can choose from among various floor plans and amenities, or going for the gusto and having your dream house custom built to your exact specifications and desires, which is the ultimate in homeownership.
Whichever option you choose for new homes for sale Brandon FL, you should plan every step carefully, from setting a budget, hiring an experienced real estate agent, and writing a list of amenities and other features that you absolutely have to have. This is your chance to get everything you want in a home, and the more extensively you plan, the happier you will be.
It’s just a short drive to the many attractions in Tampa and St. Petersburg, including water activities on Tampa Bay and the Gulf of Mexico, professional sports, and everything else in the metropolitan area.
Among the great neighborhoods to choose from are Providence Lakes, Sterling Ranch, South Ridge of Tampa, Ashley Oaks, Heather Lakes at Brandon, and Arbor Oaks.
Costs of New Construction
Due to its popularity, Brandon is considered a seller’s market, which means there are more buyers than there are homes for sale. Factors that will continue to drive any seller’s market are low mortgage interest rates, which allow people to afford bigger houses and a tight inventory that has numerous buyers competing for properties.
You might find that building your dream home is well-worth the investment during this low-inventory market when prices are high and competition is steep.
Line up a Real Estate Agent
You should take an agent with you even when you are looking at model homes in new construction developments, especially if you are at the point where you are negotiating with a sales representative. A real estate agent who knows how to navigate through these kinds of deals will be invaluable, especially if you have never bought new construction before. This will probably be the biggest purchase of your life, so any misstep without the help of an agent can be costly and lock you into an unfavorable deal.
Established Brandon, FL, real estate agent Brenda Wade is always happy to help you through the process of buying new construction homes.
Pros and Cons
In contrast, the cons of new construction include upgrades that can quickly eat into your budget and the fact that your home might not appreciate in value for the first several years you own it, as compared to an older home in which you’d have the chance to make upgrades and renovations. You need to be particularly mindful of cost overruns with custom-built homes, particularly in light of recent problems with the availability of building materials and labor.
If you are interested in purchasing new homes for sale in Brandon, FL, contact Brenda Wade for guidance during this exciting new journey. Her expertise will guide you through the process every step of the way.