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The Pros and Cons of Buying a New Construction on the Emerald Coast | You must know!
Dated: May 7 2021
There are always benefits and cons to whether you are buying new construction or a previously owned home, let us talk about it.
What is going on, this is Andrew with the Emerald Group right here in Fort Walton Beach. If this is your first time on my blog and you want to know everything about the Emerald Coast, well we do lots of blogs about everything you need to know! So make sure you stay until the end!
Honestly, we get so many phone calls, emails, and texts every single day of people moving to the Emerald Coast and we absolutely love it! If you are thinking about moving or relocating, make sure you reach out to us, give us a call, send a text, shoot us an email or send that carrier pigeon our way. However, you would like to get a hold of us, we have your back when moving to the Emerald Coast!
Let us talk about the pros and cons of buying New Construction in our area. Some people do not want a lived-in home and others like having that home with a bit of history. When it comes to new construction homes, you get a clean slate to start building your own history as opposed to a home that is already been lived in that already has its own unique history to it. Let us take a look at New Construction and go over a few things.
1. Most of the time a new construction home will be a bit more expensive than a resale home, at least on the initial price tag. They are generally easier on the wallet though, in both utilities, maintenance, and upkeep.
2. Another factor to consider is the layout. On a custom build, you get to work with a contractor to put in exactly what you are looking for. If you are wanting a specialty room in the house built, this could be a great option to have it built just the way you’d like it. On a spec build or pre-built new construction, you are most likely going to be getting the most modern and popular look as of the time of the build because most spec builders are building was is most popular. If you enjoy the look of what is popular at the time this could be a great way to ensure you are getting it without having to completely redo an existing home or digging through to find the one that is upgraded the way you prefer. The modern look right now is the wide-open feel where the kitchen and living space is the center of the home and are open to the bedrooms and additional rooms. This allows you to be in the kitchen cooking and still be a part of the action, or be in the living space and still being able to oversee the family as they play or do homework. New construction will also lean on the side of larger rooms all around and often have a lot of natural light as well.
3. You will generally get a say in the finishes and details of your property, something that is difficult to do on a presale house. Even if you don’t go with a custom build and opt instead for a spec build, you can generally get a say in the color scheme, upgrades, types of flooring, countertops, and cabinets, and many other options, if you get to the property before it is built. This can cost you a little bit of money or a whole lot of money, depending on how the builder works – not all builders are the same or follow the same protocol of doing things.
4. You may be able to get new energy-efficient appliances with a pre-sale but it is normally part of the sale when buying new construction. Some builders do not add in refrigerators or washers and dryers but the rest of the appliances will be new and ready to go, as well as energy-efficient. Tag that along with the new windows, roof, garage doors, and other factors that can help your insurance be lower and your utilities to match. New construction homes tend to be much less in utilities because of these reasons and a lot of them even offer whole-home automation to increase the temperature while you are away from the home, turn off lights, run speakers, alarm systems.
5. New construction also comes with all new everything so the maintenance on them tends to be very low, this is great for anyone who does not like to be surprised with random expenses. The builders' warranty generally covers you completely for at least a year, and then there are multiple other warranties on the AC, appliances, and much more, that will help protect in the event that something does break. This offers a lot of peace of mind.
6. Lifestyle can be completely different in a new build that is built in a master-planned community. These normally include their own shopping, parks, walk and biking trails, activities, and special amenities that only the community gets to use. Whether it is just a small community pool and bathrooms with overhangs to cook in all the way to a full-blown recreation center with camping, jogging trails, pools, a gym, and much much more. These tend to be common in master-planned communities and part of the reason so many people tend to lean toward them.
7. Timing – one of the big drawbacks to a new build is that the average build time is 4 to 6 months for most builders. Some take longer than that, some are a bit faster. This could be a pretty big con if you are limited on time. This is part of the reason we always tell people on this channel to reach out sooner rather than later so that they have all their options, including new construction, available to them. Doing so a bit early also gives you a leg up on the competition if you have plenty of time to wait, this way if the builder has competitive offers on all their inventory, you can be next up when they are ready to break ground on a new house, or even pick up a property that was not actively marketed online. This all gives you an advantage of getting a great home at a great price because you will not be competing with the pre-sale properties that are on the market that are normally getting into bidding wars and often going far above list price.
8. Here in our area, location can sometimes be a con of building new construction. Depending on which city you are looking in, some of them are landlocked and therefore the only way to build a new construction property is by buying a run down older property or a vacant lot, and older homes tend to be in older home neighborhoods so that can sometimes be a deterrent. This is not the norm in all cities in our area but it is a factor in a few of the cities like Fort Walton Beach, Navarre a little bit, Niceville, and Destin. Also, if it is a master community it might be further outside of the area you would prefer since that is where most of the land is that builders can put homes on.
9. Another con of new construction is the lack of mature trees around the home. In our area, being surrounded by large trees can be a big benefit in cooling the house in the summer, protecting it from wind damage during wind storms, and give the house strong appeal – these are all common with an existing house but not as much with new construction. Some builders will try and salvage large trees when they can but this is not always possible. If a wide-open yard does not bother you though, this Is not really an issue.
10. Most new construction neighborhoods are going to look mostly the same style of properties. This is great aesthetically at first but once you start living in the house and driving the neighborhoods and having every home look very similar to yours, it can seem like your home is no longer standing out like it felt like it did when you first bought it.
11. Touching back on the timeline that I mentioned earlier, another large con of building your own home or buying a spec home in our area is that the timeline is not set in stone. The build can be done a bit earlier than expected or we can have a wet season and it pushes most of the new build timelines back and takes even longer. If you are the type of person who wants to know the exact date to plan on when being in town, you could end up planning for a certain date and finding out that all of your plans need to be redone because it is not scheduled to close for another month or so. This can be costly and irritating so try to have a backup plan in case this happens and try to understand that it is nobody’s fault that the timeline is being pushed.
Maybe you want to learn more or maybe you are even ready to see some of these great new builders, their developments and even take a look at some of the master-planned communities that I touched on briefly earlier. Well, the easiest way to do that is to reach out to us in whichever way you prefer, calls, texts, and emails are great ways to reach out. Until next time, see ya.
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