There is a real debate currently about which type of home is better, new construction homes or already existing homes. Both are excellent values, they simply have different assets and drawbacks; both of which should be considered when purchasing a home. Let's evaluate these different home choices and explore what each of them has to offer.
Let's begin with older homes. Established homes have some great benefits that are desirable to mst homeowners. One major thing that most older homes can offer is larger property sizes. If you are a yard fan then you might want to consider looking into an older home. Newer homes are being built with smaller and smaller yards in order to maximize the amount of space builders have on which to build homes. Many older homes also have a level of construction quality that is hard to find these days. Many of the turn of the century and 1900-1950's homes were really built to last. They also have certain architectural elements that have seen a huge resurgence in popularity. Some of the drawbacks associated with older homes are things like out of date fixtures or plumbing & electrical systems, and the fact that there can be a lot of "wear & tear" on an older home.
New construction homes are very appealing. The fact that they are new and shiny with all the modern conveniences is highly attractive to many buyers. Usually these homes are in an area that is enjoying an prosperous time in the real estate industry and a lot of construction is happening. This means a wealth of new services and amenities and excellent appreciation in value. Some of the drawbacks to new construction homes are the fact that many of the homes are of similar style and there is not a lot of variation in the exterior or interior layout. Also as mentioned before, the parcels of land are typically becoming smaller and smaller. There is also the fact that most new areas hold a higher property tax rate than older areas.
Essentially the choice is completely up to you. Both types of home have some great benefits that are wonderful point for any home. But remember to consider the negatives of any home or area in which you buy. Do your homework and find the location that suits you and your needs the best.
New Construction Home Builders
It is the smell of buyers being burned because they failed to secure a real estate inspection. Just refer to the New York Times article of August 15, 2006, When Elevators Fail, City Falters for a perfect example of this serious problem.? Real estate inspections became a burning topic in Arizona when a red-hot Phoenix MLS combined with the strong sellers markets of 2004 and 2005 caused many buyers to not secure adequate or any real estate inspections.
Real estate inspections and new construction, what happened? Not all construction companies are alike. Many are reputable, paying great attention to detail, while standing behind their work. Others sprung up overnight due to the recent Phoenix MLS boom and employ unknown and unskilled day laborers off the street, while expecting one supervisor to oversee ten to twenty job sites! Forget about attention to detail! Of course, city inspections are required, but they only look for code violations, not shoddy work or outright mistakes. The frightening part is most mistakes can and are sealed into the walls and floors. This leaves buyers to discover major problems later, after the builder is long gone. Your home represents your single largest investment and honest mistakes can happen no matter whom you choose to build with. Protect your investment. Have it inspected.
What is the cost of a real estate inspection?
Typically, between $300 and $600, but the final price depends on size and location. Nevertheless, this initial outlay is worthwhile considering the expense of rewiring or re-plumbing an entire house! Think about this. You may decide to sell your property. Once on the Phoenix MLS, your perspective buyer will certainly order a real estate inspection. A small fee up front, at the time of construction, can prevent the anxiety of awaiting your buyers report and let you negotiate through the sale with the upper hand. Seriously consider it. A relatively small up front expense can let you enter the Phoenix MLS with confidence instead of sleepless nights.
How can you arrange a real estate inspection?
It is easy and most of the work can be done for you! I and agents like me know reputable licensed professionals, who can help you. In my own business, I always provide clients with a choice of at least three honest and dependable inspectors, who have excellent credentials. In addition, I always arrange at least three new construction real estate inspections, a good agent will. The first is of the plumbing before the foundation is poured. The second takes place after the house has been roughed up, but prior to the installation of the walls and flooring. This real estate inspection allows for a check of the studding, plumbing, electrical and HVAC systems. The third real estate inspection is performed right before the buyer's final walk through. After the third inspection, a list of necessary repairs is given to the buyer, who can discuss them with the builder.
Do not get caught in the current Phoenix MLS frenzy! Be smart and protect your hard earned money with a new construction inspection. Later, when you decide to sell, enter the Phoenix MLS with confidence.
Both Mark Washburn & Philip Rosenberg are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mark Washburn has sinced written about articles on various topics from . Mark Washburn is a professional real estate expert specializing in Fort.Myers real estate. For service and information of Fort.Myers homes. Mark Washburn's top article . Bookmark Mark Washburn to your Favourites.
Philip Rosenberg has sinced written about articles on various topics from Real Estate, Arizona Property and Buying and Selling Home. Philip Rosenberg assists both families and investors in all types of real estate transactions. He is a licensed Realtor in Arizona. Phil has testified as an expert on real estate contracts before state appointed mediators. Search the Phoenix MLS at. Philip Rosenberg's top article generates over 60500 views. Bookmark Philip Rosenberg to your Favourites.
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