You walk into a new construction community and you are immediately overwhelmed with excitement and countless possibilities. Is this the best route for you to take? Maybe! With real estate inventory so tight in the Portland Metro, buying new construction could be a great option! This is why I’m sharing my 5 reasons to buy new construction.
REASON #1- CUSTOM DESIGN
As a REALTOR®, I show a lot of homes to potential buyers. Even when the buyer absolutely loves the home, there is always something that they would change. They may not like the color of the carpet, backsplash or walls. They might dream of a open-concept, or a great room, but are faced with divided, closed off spaces instead.
When you build a new home, you can build it the way you want it. From colors, to lighting, flooring and trim work, it’s all up to you. Do you like cool tones and white cabinets, or are you more of a warm tone and dark cabinets kind of person? With new construction, the buyer is in control of the design finishes that are picked to their taste! This is probably the most attractive reason to buy a new home.
REASON #2- HOME WARRANTIES
When you buy a home, they often come with used goods, like an older furnace, A/C unit, water heater or appliances. And guess what, those items can break down. When you buy a hew home, not only is everything brand new, it’s all under warranty. So you have peace of mind and low maintenance fees.
REASON #3- COMMUNITY AMENITIES
Most new home communities have lots of amenities to offer. They include everything from playgrounds, green spaces to pools. New developments also tend to include Homeowners Associations (HOA’s). While these associations come with a fee, you can ensure that your community stays beautiful for years to come. Plus, your home’s value will continue to increase.
REASON #4- INVENTORY
We are experiencing a shortage of homes right now. People are living longer and move down buyers are opting to age in place rather than selling. This means that millennials and first time home buyers have fewer choices when it comes to buying a home. Buying a new home in the Portland Metro Area offers a viable solution to our housing problem. The new construction field is also selling quickly, but when a new development opens up, you have an opportunity to get in there and pick a lot and floor plan to fit your needs.
REASON #5- THAT NEW HOME FEEL
One of the most attractive features of buying a new home is that it’s yours, and only yours. No one else has lived there before you, cooking on your stove, or slept in your bedroom. Understandably, that new home feel appeals to a lot of people.
WHERE TO BEGIN
After reading my 5 reasons to buy new construction, you might find yourself intrigued by the idea. When you drive by a new construction site on a random Sunday, you might be inclined to stop in and check it out. If you do that, it’s likely that the sales rep onsite will tell you that you don’t need a REALTOR® to buy a new home, but that’s not true. That nice sales rep is an employee of the builder and there to protect their best interests. You need someone to represent YOU and your best interests! Your own REALTOR® can guide you through the process – everything from the contract, to construction, to repairs, to final walkthrough to close. And if anything goes array, they’re right by your side to make sure that YOUR best interest – not the builder’s – are protected.
It’s important to know who your REALTOR® is before you walk through the builder’s door for the first time. Even better is if you let your REALTOR® know ahead of time that you want to check out the development. That way your agent can accompany you to that first visit- which is often required by the builder- and you can be assured that they’re included in the process and there is no question over who is representing your interests.
At this point, you might have realized that you could use some guidance around buying new construction, but you may also be thinking that you have no idea where to start. If you’re thinking about exploring new construction, or making a move at all in the Portland Metro area, we can help you through the process. You can register below, or just give us a call at (503)706-8638. No pressure, no sales tactics, just the help and guidance that you need and deserve!