Customizable
When you buy a new construction home, you will have the flexibility of making upgrades. You can customize your home and add a kitchen, living room, or bathroom feature. But builders like DR. Horton, Century Complete, and Holiday Builders will already come with the updates they offer. So you won't be able to do much personalization. But these homes will be more affordable.
Energy efficiency
New construction homes have better materials and systems, making them more energy efficient. This is a huge benefit not just for your monthly utility bill but also for your home insurance.
New Build Homes Can Be Low-Maintenance
If you work a lot and want to enjoy your free time, then a new construction home is for you. All the systems are brand new, so you won't have to worry about any system repair for years! This doesn't mean you forget about the systems. Now, you will still have to maintain the systems every year, so they last for a long time.
Home Builder's Warranty
Buying a new construction home means you are protected.
Modern Floor Plans
Most builders offer open floor layouts for the modern family. Open kitchens and more of the desirable features you are looking for in your new home.
Builder's Incentives
Builders offer you a lot of incentives. Builders can offer to pay for most if not all, your closing costs. Offer washer and Dryer, blinds, and a remote garage door opener. Some builders will even help you buy down the mortgage interest rate. That means less money out of the packet. There is a caveat to these incentives. You must work with their preferred lender if you want the builder to pay for some or all your closing costs.
Affordable Home Insurance Premiums
Insurance premiums are significantly lower than those of an older home. Because the newer the home, the less the risk.
Now let's take a look at the cons of buying a new construction home in Kissimmee.
The Cons of Buying New Construction Homes
Higher Cost
Prices for a new construction home in Kissimmee are higher than those of an existing home. So your monthly payment is going to be higher.
Longer timeline
If you are in a hurry to move in because your lease expires soon. Buy a home already built or make arrangements for a temporary stay. Homes can take between 4 to 8 months to build and the closing date is not set in stone.
Lack of mature landscaping
If you love trees and plants, know that the trees and landscaping package from a builder is basic. You won't get matured trees or a custom garden.
Limited Options
You are limited to the floor plans and revelations available in the community. Most builders have between 4 different floor plans and 3-4 elevations to choose from. Plus, you don't get to choose the lot because the builder has chosen which home goes in which lot.
Talking about lots, let's talk about lot sizes.
New Home Builds Are Often Built on Smaller Lots
One of the most popular complaints about new contractions homes is the lot sizes. If you want a new construction home, expect smaller lots, especially in a planned community in Kissimmee. If you are looking in the Poinciana area, there are new construction homes built in single lots. Those are on average .25 of an acre, so no worries there.
Limited Negotiating Power
Builders want what they want. It is not like negotiating with a private owner. In a few words, there is no negotiating with the builder, especially when it comes to lowering the price. But I have seen exceptions.
You Can't Be Certain How Much You'll Pay in Property Taxes Ahead of Time
New construction home taxes are only an estimation when you close. The builder has only been paying taxes on the land, not the home. So, once you close on the home, you will pay higher property taxes. The lenders do their best to budget for future property taxes.
Takeaways:
New construction homes are a great option for you. It has to make sense, of course, but the perks outweigh the negatives when buying a new construction home. Remember the pros and cons of buying a new construction home.
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Thank you!
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My mission:
To guide, inform and inspire you to take the 1st step toward your best life. Buy or sell homes with confidence. -Jury Hernandez, Broker Associate
