Should You Buy New Construction?

Atlanta Real Estate Podcast with Melida Potts of Potts Realty

If you’re thinking about buying a brand-new home, I’ve got some great advice for you today. Here’s what you need to know about your options.

If you’re debating whether or not you should buy a new construction home, I’ve got some advice to share with you today about the two options you’ll have to decide between.

One option is to buy your own land and hire your own builder to build the house you really want. You’ll end up with exactly what you want, but there are some things you should be cautious about. For example, the things you want now may not be the things you want in five years, and you’ll be stuck with them. Also, building a fully custom home can affect your resale value because the more unique a home is, the fewer the number of buyers who’ll be interested in it. If you build something that’s somewhat unusual, you’ll have a narrower market of buyers.

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Buying a home that’s already under construction will result in significant savings.

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The second option is to find a subdivision that’s already in development with a builder who’s already building and buy one of those. Buying one of these homes will result in significant savings for you. Most of the time, builders pass on their bulk building costs to the buyer. This option is less expensive per square foot. Builders have also studied the floor plans that people like and that will increase your resale value moving forward. Personally, this is the option I would go with if I wanted to buy a brand-new home.

Either one of these options is great, but you need to decide for yourself what’s important to you in a home. If you have any questions for me in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.