Should You Buy A New Construction Home? Pros And Cons
If you are in the market for a new home, construction homes are some of the options you can choose from. But like other real estate properties, new construction homes are not perfect. Despite coming in excellent and pristine condition, there are a few notable downsides to buying new construction in St Johns, FL.
This blog will give you the complete picture by identifying the pros and cons of going for new homes for sale in St Johns County, FL. Without wasting time, let’s start with the positives.
Why You Should Buy New Construction Homes
Buying a new home construction home comes with the benefits below:
1. Pristine and perfect.
The most significant upside to buying a new home is that everything comes in perfect condition. You can also expect the house and its components to last as long as you can maintain them in that condition. As the first owner, you save money, considering there are no existing maintenance issues or potential repair issues to deal with.
2. Access to full customization.
New construction homes are for you if you are a great fan of personalizing your space to your taste. Fully custom or semi-custom build homes will allow you to have direct contributions to most aspects of the construction, especially in areas like design, fixtures, and finishing. Since you get exactly what you want from scratch, you do not have to re-design the home.
3. Efficient and low-maintenance fixtures.
Most new construction in St Augustine, FL, is fitted with the latest technology that ensures energy efficiency. You can quickly introduce energy-efficient appliances that help you reduce your monthly utility bills while also protecting the planet.
4. State-of-the-art amenities.
The amenities that come with new construction homes are also in line with today’s demands and realities. Such homes are usually located in communities where you can easily access good schools, gym facilities, lovely parks, and more, giving you a well-rounded, positive experience.
Why You Should Not Buy New Construction Homes
If you are looking for reasons to avoid new houses, we have a few below:
1. They are often expensive.
You will struggle to buy new homes for sale in St Johns County, FL, if you are on a tight budget. A 2022 report from the U.S. Census Bureau and Department of Housing and Urban Development puts the median sales price of a new home at $423,300—a cost only a few can afford.
Even if you pay the initial costs, chances are you may not get to sell the home for the same price in the future when we factor in depreciation. Customizing your home to your taste also costs more. You must stretch your budget to ensure your new home accommodates your favorite features.
2. It’s not easy to find a competent builder.
Building new construction largely depends on the type of builders handling the project. The policies, skills, and options of a builder often determine if the new construction will be a success or not. It is even more challenging to find experienced and competent builders with knowledge of the local area. That is why I recommend working with a reputable Jacksonville realtor that can recommend a good builder.
3. Longer and uncertain timelines.
Sometimes, the time to complete a new construction can get long and uncertain. It could take three to ten months to complete new construction or longer if you design it yourself to meet your specifications. This may not be a reasonable timeline for people with a short window to move into a new house.
Still Undecided? Speak To A Realtor In St Johns
A reputable St Johns realtor can help you decide between new construction homes in St Augustine or existing structures. I'm a local real estate agent with rich knowledge of the local area who can help you make the right choice. I have helped many homeowners in Jacksonville, including St Johns County, Duval County, Nassau County, Clay County, and surrounding areas.
Contact me today.
