The Pros of Buying New Construction

In today's market, finding a new home can be difficult. You can search through dozens of options, yet always find something you could modify. Sometimes, homes within your price range will need improvements or renovations to transform into what you envisioned. And when you've already committed to making such a large financial investment, it can seem daunting and tiresome to know there's additional work to be done after your closing documents have been signed.

So, what are the pros of buying new construction?

1. New vs. Used

There's an added level of excitement when moving into new construction. The shiny granite countertops, never-been-touched stainless steel appliances, and the concept that you are about to make brand new memories in a place that is move-in ready.

With new construction, there are no hidden surprises along the way. You won't find yourself struggling with outdated appliances, and you aren't going to have to worry about any hidden costs once you're settled. New construction homes will include state-of-the-art appliances, already installed, and ready to be used.

2. Modern Floor plans, Designed with You in Mind

As you start your house-hunting journey and begin touring older homes, you may find that the layout is outdated. Walking mindlessly through hallways in search of the master bedroom can make the house feel cramped, even if it's within your desired square footage. Already, you're thinking about what walls you might want to knock down after moving in.

Luckily, new constructions are built with modern floor plans in mind. Homes include an open-concept layout, allowing you to move freely from room to room. In addition, newer homes often include a large number of windows, making the home appear larger, brighter, and more spacious.

3. Customization

Another exciting feature with moving into a new home, is you're able to customize your living space exactly how you want. Nobody knows what you're looking for in a home better than you do, and with new construction, you can have control over what details fit your personality. If you're someone who loves creativity and design, this is a major plus.

Even better, when working with a development company, there will already be options for you to choose from. Now, you can be confident about moving into a home you know you'll love, and not have to worry about living in the middle of a construction zone if you were to go through a home renovation process.

4. Low-Maintenance Fees

One of the biggest misconceptions about purchasing new construction is the price-tag attached. However, what many people don't consider, is the money they'll be saving down the road. With state-of-the-art appliances, these homes are built in accordance with the latest safety regulations, minimizing out-of-pocket expenses and the fear that you'll have to get anything replaced in the near future.

Likewise, new constructions are built with energy efficiency in mind. These homes and condos are built with the latest technology and building practices, cutting down the cost of your monthly utility bills.

No matter which route your home-buying journey takes you on, it's important to find something you love in all aspects. New or old, the perfect property is out there, waiting for you to call it home.

Click on the link below to check out our most current listings, and reach out to a New Space agent to get the process started.

Don't see something you love? Give us a call, we'll help you find it.

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FSBO or Listing Agent?

So, the time has finally come for you to place your home on the market. While a million thoughts may be running through your head, it all boils down to this: to work with a listing agent, or try out FSBO?

For sale by owner, often known as FSBO, is when a homeowner makes the brave decision to list their home on the market without the help of a real estate expert. The reason varies, but people who choose this route tend to believe that it will save them time and money, and are often confident that they can sell their home just as good as the pros can. 

While there may be some benefits of attempting to sell your home on your own, the benefits of hiring a listing agent far exceed those of taking the FSBO route. 

1. Pricing
According to the National Association of REALTORS, FSBOs made up 7% of all homes sold in 2017, with an average home sale of $200,000 “compared to $265,500 for agent-assisted home sales”. Often times, those who attempt to sell their home without assistance, have a hard time pinpointing the correct price to peak buyers’ interest. By pricing your home too high, you risk the chance of losing interest and having your property on the market for extended periods of time. However, by pricing your home too low, you could walk away with a speedy-sale, but less profit in your pocket. 

When you decide to bring in a real estate agent, they’ll use a Comparative Market Analysis, otherwise known as a CMA, to help in determining the correct listing price. This method helps sellers understand the current value of their home compared to other properties listed on the market, helping you make the best-educated guess on your listing price. This in-depth analysis takes a look at variables such as the number of bedrooms and bathrooms in your home, square footage, updated features and more to help determine the pricing of your property. And when something is listed with the proper price tag – you can expect a wide range of interest from buyers, which will have you walking out of your property sale with as much money in your pocket as possible. 

2. Timing

By bringing on a real estate agent, you’re freeing up all of the time you otherwise would have been spending on showings, open houses, and staging your home. With most modern-day Americans working the typical 9a-5p job, it can be difficult to free your time up for interested buyers to check out your property. 

You always want to make sure you’re available, no matter if it’s someone sending you an email, giving you a call, or requesting a tour of your home. With a real estate agent, this responsibility is taken off your plate. You can easily work your day job while leaving the dirty work to your agent, and they’ll be sure to do it flawlessly!

3. Marketing

Most who decide on FSBO decide to market their homes by throwing a “For Sale” sign in their front yard or sticking a few sub-par pictures of their home on Craigslist. While you might get a few interested buyers, listing agents have all of the correct marketing tools, platforms, and strategies to help your listings stand out amongst the competition. 

Not only will their professional photos beat out the iPhone shots of your living room, but they’ll be sure to have your listing up on Zillow, Realtor.com, and MLS the moment your listing hits the market. Both buyers and agents alike are constantly scouring through these sites and will make finding your property much easier. 

Likewise, agents already have a large network of individuals in the real estate world, helping news of your listing reach the correct market. We’re no mind readers, but we have a feeling their word-of-mouth method might bring about more success than being limited to telling friends and family about your listing. 

Even better? Your listing agent will take care of all marketing costs associated with selling your home. So sit back, relax, and let the magic happen!

Ready to take a leap of faith and sell your home? Get in touch with A New Space agent today for conversation, discussion, and any questions you might have.