Why buying a new home may be better than buying an older one

Is New Better?  Sometimes it is.

The Southwest Florida Real Estate Market is characterized by dwindling inventory, rising prices, more cash buyers amid low cost borrowing, concern about future holding costs (energy and maintenance) and a sense of urgency that there will be opportunities lost - by both buyers and sellers.  For my buyers now, I like new. ( built after 2010)

I like new homes for my buyers for many reasons, mostly economic: energy costs, maintenance cost, and insurance costs.  I prefer infill new construction because of lot size and mature neighborhoods.  New-comers, however,  may do better in new developments because of ease of acclimating with new like-minded neighbors, the amenities, as well as the security. A new home in a mature community also avoids the HOA fees in most cases, may give you a give you a larger yard, and a more eclectic character. DR Horton is one production builder that is building infill homes here in Fort Myers through their Emerald Division. 

I have put together a page on our website that has most of the larger builders on it.  (New Construction Homes here). You can find the Emerald Homes here as well as dozens of  others.

I drove around the neighborhood between McGregor Boulevard and the River near downtown Fort Myers this past week and I saw at least five “in-fill” new houses being built or planned.  Indeed our development arm (Market America Development) is now land banking (Buying lots and holding them) for at least two builders. We now have over 100 lots in our pipeline).

I like new homes for my buyers for many reasons, mostly economic: energy costs, maintenance cost, and insurance costs.  I prefer infill new construction because of lot size and mature neighborhoods.  New-comers, however,  may do better in new developments because of ease of acclimating with new like=minded neighbors, the amenities, as well as the security.

If you are considering building or buying, we can help, Call me or one of our team at 239-851-5464 or email me Gfous@MarketAmericaRealty.com

If you are considering real estate investing, let’s set up a meeting and discuss your goals and how we may be able to help you achieve them. We have interesting new home building opportunities as well as income plays.

Not sure what your option are here in Florida? Read here

Here are some 
Rules of Thumb in Florida Real Estate

I thought this article I wrote a few years ago would be helpful in comparing new to used homes:

Life Expectancy of Home Components

Hope to talk soon!