New Homes: Ways New Builds Excel

by BlueWater Realty of Pine Island, Inc 04/18/2021

Photo by Expect Best from Pexels

When you’re looking for a new home, should you purchase an existing one or have a brand new house built? Since this is a major decision, it’s important to learn more about the advantages of new construction vs. existing construction. Keep the following in mind, so you can compare the benefits of both in order to help you make your home buying decision.

Cost

In terms of the cost to purchase new or existing construction, you can expect to pay more for a newly built house. When you buy new construction, you’re paying for labor, materials, plumbing installation, electrical installation and other expenses that you normally wouldn’t have with an existing property. While buying existing construction might cost less upfront, keep in mind that you could end up paying more over time, such as if you need do any upgrades or remodeling. You’re also more likely to have repair expenses with existing construction, especially if you’re purchasing an older home.

Floor Plans

One of the biggest advantages of new construction is having a customizable floor plan. When you purchase new construction, you have the opportunity to create the ideal floor plan based on your needs and design preferences. When you’re looking into existing homes, your options are more limited. Unless you’re willing to do major remodeling or renovations, which can be highly expensive and time-consuming, what you see is what you’ll be getting with an existing home’s floor plan.

Property Values

Whether you’re considering buying new construction or existing construction, paying attention to property values is important. While property values change over time, you’ll want to have a home that goes up in value. When you buy an existing home, determining the value is straightforward. When you purchase new construction, especially in a new development or community, it’s not as easy to determine property values. While this might seem risky, keep in mind that there are many ways to raise the property value of your newly built home, such as making a few upgrades over time.

Financing Options

Many people need to explore financing options when purchasing a new home. When you’re considering buying an existing property, getting financing for it can be more difficult. If the property is older and needs a lot of work, such as remodeling or repairs, being able to get the financing you need can be even harder. When you purchase new construction, financing is generally easier to get if you have options available through your builder. This can provide you with a much less difficult way to qualify for a mortgage.

Appliances

Appliances can be a significant expense for homeowners, whether you need to buy new ones or have existing ones repaired. When you purchase existing construction, you might get older appliances with the home. In this case, you’ll need to consider the cost of repairing or replacing these appliances when you move in. Older appliances are also going to cost more when it comes to your energy bills. When you purchase new construction, you’ll be getting brand new ones that are more likely to be energy efficient, which helps you save on your energy bills.

About the Author
Author

BlueWater Realty of Pine Island, Inc

Phil Gilles Direct: 239-425-5423 Email: [email protected] Donna Gilles Direct: 239-425-5426 Email: [email protected] Donna and Phil Gilles are two of the most respected Pine Island Florida Real Estate Agents. Their dependability, honesty and integrity are truly a "cut above” in the real estate profession. Having vacationed in Southwest Florida for several years and owning on Pine Island for eleven years, Donna and Phil could no longer resist the magnetism of Pine Island and moved to the island in 1998. Donna and Phil started BlueWater Realty of Pine Island on September 11, 2002, realizing Pine Island was in need of a real estate family that was a step above the mass marketers that dominate the real estate profession. Donna and Phil are both members of the Realtor Association of Fort Myers and the Beach, the Florida Association of Realtors, the National Association of Realtors, the Multiple Listing Service, and the Pine Island Chamber of Commerce. Donna and Phil’s in depth real estate training include investment management, brokerage, marketing high-end homes, real estate law, ethics and practice. Both Donna and Phil achieved the Graduate Realtor Institute designation in 2006. If your immediate future requires counseling in the purchase or sale of real estate, please contact Donna or Phil. They are professionals who will work hard for you to help achieve your real estate goals. The professional GRI (Graduate Realtor® Institute) designated real estate team at BlueWater Realty of Pine Island specializes in assisting prospective Pine Island residents in locating and purchasing their "piece of paradise” in Bokeelia, Pineland, St. James City and Matlacha. BlueWater Realty of Pine Island also provides a "no hassle, no cost” listing service for customers who wish to sell their Pine Island properties. Let the team at BlueWater Realty of Pine Island provide you with the best professional assistance available when selling or buying Pine Island real estate. Contact us at 239-283-7500 for more details. Pine Island, Florida is a short distance from Cape Coral and Fort Myers, Florida, however, our lifestyles and quality of life are worlds apart. Our four-way stop at Pine Island Center is an invitation to turn north toward Bokeelia and Pineland or south to St. James City. Whichever direction you turn, you will experience an atmosphere that exists in few Florida communities. Instead of high rises, asphalt and concrete, you will find low density development with the accent being on preservation and nature – not development. Residents of Pine Island revel in the extraordinary wildlife that inhabits our island, including sea birds of all varieties and colors, manatees, dolphin and other wildlife of all species. Pine Island offers some of the best fishing and boating in Florida. Boat to a secluded beach on Cayo Costa or island hop to the many eateries offering abundant seafood varieties. Fishing opportunities are endless. Inshore fisheries include snook, redfish, trout and world-class tarpon fishing, which has made our waters famous. Offshore fishing for grouper and snapper are excellent with many natural and artificial reefs. There is no better time than right now to purchase your "piece of paradise” on Pine Island. Interest rates are near an all-time low and prices are approximately 40% lower than they were just five years ago. The GRI (Graduate Realtor® Institute) designated Realtors® at BlueWater Realty of Pine Island can make a difference. When you see the letters GRI after an agent’s name, you can count on receiving the knowledge and guidance to ensure a smooth real estate transaction. In short, you can count on getting the best service available from a real estate professional. We want to be your Pine Island Realtor®. Call 239-283-7500 today. When it comes to finding a peaceful community in southwest Florida, Pine Island stands out as a leading place to find a second home, vacation spot or quiet place to retire to after long days in the Florida sun. Although Pine Island is actually the largest island on the Gulf Coast, it is a casual and laid-back place and the perfect spot for secondary homes. If you ever decide Pine Island is the right place for you, you have four beautiful neighborhoods to choose from. Whether you are looking for a gorgeous beachfront home, or a location inland, you will find everything you are looking for and more on this island, including a close-knit community, still active during the day before letting the night drift in and close down the island. Getting to and from the island is simple and the island itself is only an hour away from the Southwest Florida International Airport. Better yet, because the economy of Pine Island thrives on local fishing, it is a great spot for anglers to spend the day fishing or newcomers to begin fishing and develop a new passion. The island is also the ideal spot for relaxing activities like kayaking, hiking, and boating, among others. Visitors and residents alike will quickly find the island is a quiet community where the nightlife dies down by the end of the evening. You will be able to have fun without having to worry about noisy visitors keeping you up all night. Rest and relaxation comes at a premium these days, but Pine Island affords residents the opportunity to comfortably enjoy life. The residents here are just as diverse as the activities you can take part in. Artists, musicians, business professionals, retired attorneys, teachers and snowbirds all call Pine Island home. Even raising a family provides you an opportunity to raise children in a diverse environment with culture and life thriving around them. Still, this tiny part of Florida brings something unique to Pine Island livinganyone who visits it. As Pine Island was described in an article in Coastal Living Magazine, "A slice of Old Florida ‘country’ still thrives on this lush, green isle.” These are just a few of the perks of living on Pine Island. We hope to continually update our blog with community news, real estate updates and information regarding Southwest Florida and Pine Island, as well