New Construction Homes In Brevard County, FL
- July 23, 2024
New construction housing refers simply to brand new homes that have never been lived in before, and there is no shortage of this housing option in the Space Coast since our area is growing so quickly. For many, the prospect of building from scratch or purchasing a new build spec home is thrilling. It’s a space that is exclusively your own from the very beginning. If you ask me, the new house scent is even better than new car scent, but there are many considerations as you select the right home. So, let’s hash out some reasons you may or may not want to move forward with a newly constructed home in Brevard County, FL.
Perhaps the best reason to move forward with new construction is that everything is brand new: electrical, plumbing, roof, air conditioner, and appliances. You’re not likely to suffer expensive repair bills right away because these major components are brand new and are usually under factory and builder warranties. New construction homes may give you peace of mind for this reason.
New construction homes can be a great investment over time. When new neighborhoods close out in a few years, and sellers are no longer competing with a builder, prices usually jump on resales. It’s also a great idea to purchase an investment home in the early stages of a new construction neighborhood and lease your investment to highly qualified tenants who are currently entering the building process in the same neighborhood.
Another benefit is that newer homes are often far more energy efficient and safe. They are usually equipped with the most advanced construction materials and engineering and are built to the latest safety codes, which means that you may save a lot of money on your utility bills and hazard insurance payments each month. This can be especially helpful in Florida where these costs can tend to be higher.
If you’re into home design, you may also have greater options for customization with newly built homes, even if you’re not doing a custom new build from the ground up. This is not always the case, but sometimes it’s an additional benefit to put your own design stamp on your new home.
Cost! New homes can be more expensive upfront than resales because they are found in desirable areas where there is competition with other buyers to purchase homes, and the costs of construction materials are constantly impacted by inflation. However, builders frequently offer monetary incentives such as flex cash and closing costs. Using their preferred lenders can sometimes score you reduced rates and closing credits as well! So, it’s not all bad news where cost is concerned. If it’s in your budget to purchase a new home, there are many options in the Space Coast! But, you should definitely call an excellent new construction Realtor in Brevard County to help you choose the right area for your family’s needs, get the right deal and all the incentives available. Using a Realtor to purchase a new build is always beneficial to the buyer locally because the builder pays the agent’s commissions.
Another thing to consider when purchasing a new home is that the price is the price. As your agent, I will have little to no ability to negotiate the price of the home because most of the local builders set prices based on the cost of materials and a fixed profit margin. Typically, the price of new construction only goes up over time and it is rare to find even smaller builders reducing the price of spec homes; though in a few rare cases it may happen if the property is complete and has been on the MLS for some time.
Ultimately, the decision is yours, but if you’re house hunting for resales, it can’t hurt to spend an afternoon checking out some model homes with me and some of my reliable new build contacts that work hard for my buyers to get the greatest incentives available at any given time. I’ve worked for years building great relationships with local builder agents for many construction companies and have sold new construction at the multi-million dollar level consistently over the years. It’s always a fun day looking at new design styles and getting ideas for interior decorating, even if you decide to purchase a resale in the end.
The important thing is that, whether you select a new home or an existing home, you choose a Brevard County Realtor who is knowledgeable and skilled in new construction. Florida’s real estate market is always changing, and with recent spikes in home prices and interest rates, you need someone trustworthy who represents your interests and helps you choose a reputable builder! One bit of advice I always give my buyers purchasing new builds is to hire a third-party inspector before closing. If building from the ground up, inspections come in stages along with the construction process. If purchasing a spec home that is nearing completion, an inspection should still be performed. Putting a new pair of expert eyes on the nearly finished home catches things the buyers and builder might miss and forms the basis for the builder’s punch list.
Building is not a decision to make lightly. When you’re looking for a home, and you want the best home at the best price, I can help you. With years of experience and many success stories detailed by public reviews, you can trust me to help you find the perfect home for your family, your budget, and your dreams.
I am a proud member of the Space Coast Association of Realtors, and I am an affiliated Broker Associate with HomeSmart Coastal Realty, a dynamic and experienced team of Realtors locally and across the nation. I have lived in Florida’s Space Coast for decades, know it inside and out, and I look forward to serving you!
Get the results you want when you hire Patricia Spangler as your REALTOR in the Space Coast. When you do you get the same quality agent that made her a multi-million dollar producer for HomeSmart Coastal Realty.
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Patricia Spangler is a multi-million dollar producer with Homesmart Coastal Realty in Brevard County, FL.
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