“Why I Decided To Build” – Real Estate Agent
Real Estate Agent -“Building always made more sense for me”
I am a licensed real estate agent practicing here in Greenville and I have built all three of my home purchases in the last decade. From a downtown condo, to the home my family is currently building in Simpsonville, here is why building new has always made a little more sense for me.
The real estate market is hot right now in
Greenville SC. Greenville has continuously made one
Top10
list after another in recent years. Homebuyers are flocking to our area for a number of reasons: our thriving and attractive downtown scene, our abundant and growing job market, our moderate climate that lends itself to numerous outdoor activities …etc etc etc.
Even with all of this going for us here in Greenville, there is one big negative that is affecting the real estate market that we share with most of the country. That issue is
lack of inventory. What good is a thriving city if there aren’t any homes to shop for? Don’t get me wrong, there are still plenty of people selling their existing homes, but just not as many as some years ago. With such a shortage of resale homes, buyers are left with very little to consider for purchase. The option to
build a new home
vs. buying a resale has become the best option (for some) in today’s market.
Personal Touch | Customization
Most builders have numerous options for you to choose from by way of standard and upgraded finishes for your home to make it “you” with your style and look. To do this with a resale home usually requires a good bit of cash after you move in to do renovations and remodeling, which is not an option for a large majority of buyers.
Home Buyers deciding the colors for their new home.
Equity
In a thriving market, you will typically see builder pricing go up as development in the community progresses. If you get into a development early enough, oftentimes the price of what you will have built will increase and be decidedly more expensive as the neighborhood nears completion. Cha-ching.
Hand-Pick Your Homesite
Is a big yard a plus to you and your kids? Is a more easily maintainable yard more suited for your busy lifestyle? Do you want a basement lot to expand your square footage? Building new often allows you to answer these questions quickly and easily to suit you and your family’s needs.
Home buyers picking the exact home site their new home will go on..
Warranty, Warranty, Warranty
Most builders warranty their product “bumper to bumper” for the first year or two and will almost always cover the structural warranty of the home for up to 10 years. If you are like me, your busy schedule does not include weekends of doing home maintenance and repair. You can rest easy knowing that all of the systems in place in your home are brand new and should run problem free for years to come. If something should go wrong, lean on your home warranty to have it fixed at no cost to you!
Check out one of the actual Warranty Booklets that came with one of my client’s new home.
Size Matters
If you look at how much square footage you can buy in today’s market “new vs old”, you will typically see that you can get more house for your money when you consider buying new. The idea of “less is more” is applicable in some scenarios, but when it comes to home buying I rarely have conversations with clients who wish to spend more money for less house.
Now, I know there are plenty of instances where a resale will always make more sense over building new, but we will save that conversation for another post. Every homebuyer’s needs and priorities are unique, and no two home purchasers are the same. But I have found, for myself as well as a good many of
my clients, that the benefits of buying new far outweigh those of buying used in the current market.
Share your thoughts below and please feel free to
contact me to represent you in your next home purchase, whether that be resale or new.