Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. Taken by Felix Mizioznikov.

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Realty Biz

MARCH 29, 2021

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty. What is Covered in a New Construction Warranty?

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Louisville Homes

DECEMBER 21, 2021

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons. Customization Is Amazing. Disadvantages . Limited Options.

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Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

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Housing Wire

DECEMBER 6, 2024

We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Is a new restaurant coming to town? How about that pest control service you used for your clients termite inspection? So, where do you start? Lets dive in!

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Housing Wire

AUGUST 14, 2023

All of the homes that we have sold recently have sold in the first weekend with multiple offers at $50,000 to $100,000 over list price with no home inspection,” Casey Samson, the leader of The Casey Samson Team, said. In addition, homes are sitting on the market a median of just 42 days. Despite his team’s success, Samson has some worries.

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HomeLight

JUNE 21, 2021

Buying a house is always an emotional cocktail of excitement and stress, but doubly so when it’s a new-construction home. Download Your New Home Inspection Checklist! Get your checklist outlining the primary steps in the most critical new construction inspections. Home inspections vs. walkthroughs.

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Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Those requirements can make it hard to find other new construction comparables.

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Realtor.com

JUNE 24, 2021

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We made an appointment with the development’s sales consultant, then went to see several model homes. Nicole Krouse.

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HomeLight

OCTOBER 29, 2021

If living in a brand new house with no footprint other than yours appeals to you, you might be thinking about a new build. New construction gives you the chance to move into a house that is exactly what you want because you get to choose everything, from the builder and lot, right down to the light fixtures and bathroom hardware!

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The Residential Specialist

FEBRUARY 27, 2024

However, many agents, including CRSs, are finding success in helping buyers manage the purchase of newly constructed homes. For those who want to add these capabilities to their service offerings, it is possible to add new home construction to your portfolio while maintaining your existing business. That’s the really cool part.”

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HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

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HomeLight

MAY 19, 2021

The very first step to building a house is buying the ideal plot of land for your new dwelling. Do you want to build a house in a growing development with a developer? Spec homes are single-family homes that are built in a development with no particular buyer in mind. Step 11: Have an inspection done on the foundation.

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HomeLight

MAY 28, 2021

Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. In a fast-paced seller’s market, sometimes buyers will forgo an inspection contingency in order to make their offer more attractive to the seller. Attend the inspection.

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Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House?

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The Residential Specialist

FEBRUARY 26, 2021

That’s one of the most compelling things about doing new construction: seeing the structure rise from nothing.”. The new construction market is surging, as marketing research firm Zonda reports that 90% of builders raised prices on new construction homes between September and October 2020. Make time to meet.

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HomeLight

SEPTEMBER 26, 2022

New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. So is building an affordable dream home really doable? Let’s find out! It depends on your area and what’s included in the builder’s package.

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HomeLight

SEPTEMBER 30, 2022

A new construction home — yours from the ground up, with no prior owners — sparkles with possibility. Here, we’ve enlisted the expert advice of top agents, industry insiders, and recent homebuyers to address key questions to ask when buying a new construction home. Should I hire an agent for new construction?

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HomeLight

FEBRUARY 23, 2021

It’s New Jersey’s second-most populous city, with a steady growth of 5.8% There’s a spate of new construction and development, as well as historic buildings waiting to be rediscovered. But there are also many condo developments and not-quite-discovered microneighborhoods among the cafes and row homes.

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HomeLight

FEBRUARY 28, 2021

Don’t skip the home inspection. Before you buy a house in Cary, you want to make sure to get a home inspection to help identify any potential problems. He says new homes typically are treated for termites and come with a one-year warranty against damage, but still recommends you enlist the aid of a home inspector for new construction.

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RIS Media

JUNE 6, 2021

The risk increases proportionally to the time required to develop the land. If you want to increase your chances of getting such a mortgage and get good terms, you need to present the lender with an elaborate and efficient land development plan. The construction plans need to be developed through a professional and reputable developer.

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HomeLight

SEPTEMBER 30, 2021

Either way, it’s not something anyone caught at a new-construction home inspection … and now the house is yours. Sometimes developers will just make the claim through the manufacturer as well,” Vasquez notes. If you have a good home inspection, you know what you’re getting yourself into.”. Talk to a lawyer.

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HomeLight

JANUARY 31, 2023

Find a Buyer's Agent To help you navigate the ins and outs of building in North Carolina, we spoke with Thomas Wohl , a highly-ranked real estate agent serving the Raleigh-Durham-Chapel Hill region with 29 years of experience, specializing in new construction, first-time home buyers, and relocations. per square foot.

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Windemere Buying

JANUARY 22, 2024

While new homes occasionally spring up in established communities, most are built in new developments. New developments are better known for wider streets and quiet cul-de-sacs; controlled development; fewer above ground utilities; more parks; and often newer public facilities (schools, libraries, pools, etc.).

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HomeLight

JUNE 18, 2021

What if you want a new construction home so you can build exactly what you want? We’ll use NAHB’s Cost of Constructing a Home study to estimate the breakdown of a 1,500-square-foot house that costs $232,000. Land development and site work — 6.2% Before building, you have to prepare the plot of land for construction.

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HomeLight

MARCH 23, 2021

Single-family homes consist primarily of attached brick dwellings or detached frame construction, often with vinyl or aluminum siding. While new construction is booming in the Bronx, much of the housing stock dates back to the 1920s,’30s, and ’40s. Both affordable and high-end developments are under construction.

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Realty Biz

MAY 13, 2022

Carefully inspect the builder’s model home to assess the quality of its flooring, cabinetry, paintwork, and fixtures. Third party inspections conducted during the entire building process are another indicator of a builder that is trustworthy. Our new home experts are ready to guide you through the entire home buying process.

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Realty Biz

SEPTEMBER 30, 2020

Don’t skimp on a professional home inspection. The neighborhood is almost certainly fully developed which means it isn’t likely to experience growth and changes that can come with new developments. Older homes that have stood the test of time come with a quality and timeless beauty that you don’t find in new construction.

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Rent, Buy & Sell

NOVEMBER 5, 2022

So you want a home that is brand new rather than one that has been previously lived in. Great, now you need to decide if you want to self-build your home or purchase a new construction. New Construction Home. New build homes are more costly upfront, however they have fewer repairs initially than an existing home.

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HomeLight

FEBRUARY 8, 2021

The city is laced with a network of hiking trails and parks that surround high-quality schools and planned mid-century developments. Certain homes in California are subject to a Mello-Roos tax , which is a special tax that allows a district to finance a new development or make improvements to existing infrastructure.

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Realty Biz

AUGUST 29, 2023

Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare.

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HomeLight

OCTOBER 15, 2020

With this comprehensive guide, you’ll find out what problems are common in Atlanta homes (and why you’ll definitely want a termite inspection and termite bond) and what neighborhoods match your unique criteria for the best place to live so that you can buy a house you’ll love living in for years. Source: (Sven Mieke / Unsplash).

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Realty Biz

NOVEMBER 20, 2023

Ask about the materials used, the warranty on the home, and any future developments planned for the community. Take the time to thoroughly inspect each room, open closets, and scrutinize every corner. Buying new construction is a process with many steps.

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HomeLight

MARCH 23, 2021

It’s also home to multiple highly rated schools , and has a dynamic downtown district filled with shops and restaurants, many of which center around Rosemary Square , an upscale mixed-used development. In addition to flood insurance, you might want to consider getting a wind mitigation inspection. But new builds tend to veer one way.

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HomeLight

MAY 28, 2021

Homes here tend to be mid- to high-rise condominium developments and single-family homes. You can easily find a colorful Charleston-style single-family home a short walk from a sleek resort condo development. Dawson notes a particularly high rate of HVAC systems past their prime during his Myrtle Beach-area inspections.

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Dwell Real Estate

JULY 8, 2022

It requires maintenance accountability measures on older condos three stories or higher, such as engineering inspections and dedicated reserves to pay for fixes. He suspects some condominiums will vote to sell out to developers in lieu of paying millions of dollars in assessments. ” The end of some condominiums? for coverage.

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