Buying a newly constructed home in a subdivision offers a lot of benefits. You'll be in a house that's never been lived in before, which means everything is brand new. You also get the benefit of not having to negotiate with an owner who might be emotionally attached to the home. However, purchasing a newly constructed home in a subdivision isn't always for everyone. Here are some points to consider before you begin looking at subdivisions.
While not all new subdivisions are controlled by homeowners associations, you may find that many are. This means that you'll have to pay a monthly HOA fee on top of your mortgage, homeowner's insurance, and property taxes. For some families, the additional HOA fees can make a new home unaffordable. HOAs can also have strict control over how you manage your property, such as restricting the way you decorate your lawn or the exterior of your house. That's not to say that HOAs can't offer some real benefits. They typically handle landscaping and snow removal, as well as repairs within the community.
Subdivisions often have homes that look similar or identical to one another. This means that your home may be indistinguishable from those of your neighbors, save the house number next to your door. For some homeowners, it's important to have a unique-looking home. If you value individuality, subdivision homes may not be right for you. Of course, you can customize your new home by adding a layer of paint. Be sure to check with the HOA first to make sure this is allowed before making your purchase decision.
New subdivisions may be located in previously undeveloped areas, such as farm fields or empty lots. This may mean that the homes are located far away from populated areas or businesses that are accessible by walking. If you prefer quiet, tree-lined streets away from the hustle and bustle of city life, a subdivision might be right for you. However, if you crave having a home that's close to nearby restaurants, parks, and schools, you may want to consider purchasing a previously owned home in the older part of town.
If you do decide to purchase a new construction home in a subdivision, be sure you have all of the facts about the local HOA first. You'll also want to ask about warranties that come with the home. In some cases, the materials used in the construction are covered under warranty by the construction company as well as the materials manufacturers. Ensuring there is a warranty for the roof, siding, and flooring can be a great help in the first few years of owning a new home. To check out new homes in your area, contact a local real estate agency.Share
20 April 2018
I have always been someone who is passionate about making the world around me more beautiful, which is probably why I was drawn to real estate initially. I really wanted to create a place where me and my family could spend a lot of time together in a peaceful, relaxing place, so I started looking for places in my area that were fit for the job. Within a few months, I was able to find an incredible property that was within my price range, so I purchased it as soon as possible. This blog is all about choosing beautiful real estate.