Affordable Florida Homes Remain Competitive In The Current Florida Real Estate Market
According to the latest sales figures, the real estate market country wide has turned in favor of the buyer. Both existing home sellers and builders are now working even harder to make that sale, and as a new home buyer, you are the beneficiary of this trend. But there are several things that you should be aware of before you try to take advantage of the current market conditions.
What is a buyer’s market?
An abundance of existing homes on the market in Florida, combined with continued growth in the new home construction market, make for a wide array of choices for the Florida real estate buyer. This means the Florida home buyer has a better chance of getting the home they want at a price they can afford. There has never been a better time to invest in a new Florida home. Of course, we feel your best bet is to purchase an Affordable Florida Home, but we also encourage you to shop around.
Make sure your “great deal” isn’t really a money pit in disguise
A word of caution for today’s Florida home buyers: you may think you’ve found a fantastic deal, but make sure you are really getting the best home for your money. If you are purchasing an existing home, repair costs can dramatically raise the price you are ultimately paying for your home.
Here is one possible scenario: you find the “perfect” existing home, and you negotiate a sale price of $200,000. This may seem like a fantastic deal if you are buying a large home in a good neighborhood. However, if you have to add a new roof, you will have an average out of pocket expense of $6,000-$10,000. If the home has termite damage or wood rot, you could pay up to several thousand dollars, depending on the extent of the damage. Remodeling costs have a tendency to skyrocket, especially when the remodeling projects include kitchens and bathrooms. New kitchen countertops alone can cost over $1,000.
Price range: new construction vs. existing homes
Remember, if you are shopping for a new Florida home, there are several things to consider when deciding how much home you can afford, and whether to go with new construction or an existing home. As mentioned above, the first consideration must always be repair costs. If you purchase a high-quality, newly constructed Affordable Florida Home, this becomes a non-issue. Our homes are brand new, built using only the final materials, and include a builder’s warranty.
But not all Florida home builders are created equal. The key words here are high quality. Some Florida home builders are using cheaper materials in order to stay competitive in the current Florida real estate market. This means you aren’t getting the same level of workmanship and quality that you would if you purchased an Affordable Florida Home. You may pay a little more for our homes initially, but that extra cost is well worth it in the long run since the sale price of your home is all you will have to pay for a beautiful, well constructed home.
Existing homes can’t offer this same level of confidence and quality. Even if the initial sale price looks appealing, be sure you know what you are really getting for your money. And remember, repair costs are an out-of-pocket expense unlike an initial sale price which is spread out over many years.
Why an Affordable Florida Home gives you the most for your money
After you have seen everything the Florida real estate market has to offer, we are confident that you will realize the benefit of purchasing an Affordable Florida Home over any other. Not only do our homes save you money by eliminating initial repair costs, our high-quality, solid concrete construction saves you money for years to come. Resistant to insect infestation, wood rot, fire, and hurricanes with wind speeds exceeding 140 mph, our homes keep more money in your pocket. In addition, solid concrete homes are easier to heat and cool, resulting in greater energy efficiency, and with skyrocketing fuel costs, this results in major savings when it comes to electric bills.
The various savings offered by one of our high-quality, newly constructed homes should be a prime consideration for all buyers looking to take advantage of the current Florida real estate market.
