In today’s competitive market with low inventory, homebuyers are weighing all options, including using a home builder to build a home in Utah. If you’re considering building your next home, here are some pros and cons you should know before deciding.
With new constructions expanding and helping to offset the current demand for homes, there are both benefits and pitfalls to building a home including location, time for the home to be built, and cost. Here are the pros and cons of investing in a newly constructed home from a builder.
Pros of Building a New Home with a Builder
Inventory of Homes for Sale
With the bidding wars and continued low inventory of homes due to surging homebuyer activity, many homeowners are reluctant to put their homes up for sale, resulting in some of the lowest percentages of homes on the market we’ve seen. With newly constructed homes, you don’t have to worry about inventory. With a plethora of builders setting up handsome, newly constructed communities, you can easily find the area and home of your choice, or alternatively, purchase land to build your home on.
While older homes such as split-level houses have their appeal, the rooms tend to be smaller and more boxed in. By selecting a new construction to build a home in Utah, you’ll find vaulted ceilings, open floor plans, and plenty of natural light and space, both in the home and in the garage. Luxury is a common factor among our builders, and their mission is to make your life more comfortable.
Going Green: Energy Efficiency
With updated smart technology such as thermostats, doorbells, and energy-efficient appliances, a new home will equip you with lower bills while helping the environment at the same time. Newer windows and better insulation means more energy efficiency, helping to put more money in your pocket and save you in the long run.
Builders like Richmond Homes, Symphony, and Vision Homes have different floor plans to select from, and a wide range of options to help you customize your living areas to your lifestyle. Whether you prefer chrome, granite, or wood in your kitchen, different paint in the upstairs bathroom, or specific appliances, builders will allow you to customize your new home however you see fit. One of the best customizations new construction buyers enjoy is selecting the building site. If you prefer a wooded view, mountain ridges, or a nearby lake or reservoir, builders will work with you to tailor your new home to your needs.
Cons of Building a New Home with a Builder
We’ve all been there, haggling a price for a fun T-shirt or watch/piece of jewelry from a seller at a market. It can be frustrating, involved, and competitive – this is where a buyer’s agent comes in. A real estate agent will negotiate on your behalf and help pave the way to a smooth transaction with the builder. But unlike homes for sale currently on the market, builder prices are firm. They may charge for specific upgrades, and that is something new construction buyers should be aware of.
The Perfect Location
Moving anywhere involves several unknown variables. With a normal home purchase, you can scout out your potential neighborhood, say hello to a would-be neighbor, ask about the area, and check out the crime rate. While the landscape surrounding your would-be home at the builder lot may look inviting and green, you will be one of the first ones to move into your neighborhood. Some people prefer being the ground zero of their communities, but you will have no choice over who might move in next door, and that is a risk newly constructed homebuyers have to take.
It’s been said that trees have souls, and many homebuyers find a charm and appeal in moving to sleepy, quiet streets with shady, well-developed trees. Everything with newly constructed homes is new, including the landscaping. You will start your garden from scratch, but the good news is you can plant whatever you’d like.
The walkability factor plays into a lot of homebuyers’ decisions as they navigate their next journey in life. Builders tend to place their new constructions further out into the suburbs. While there might be access half a mile or so away to a bus stop, you will have to wait for the community to be built and for schools, shopping areas, and infrastructure to find their footing nearby. This is important to keep in mind to make sure you can have access to grocery stores and key areas.
With newly constructed homes come everyone’s favorite word: construction. Count on a year or two of noise and ongoing traffic until your property and properties in the community are built. If you have patience and a good attitude, it will be worth it! But bear in mind that there will be a lot of hammering and noise during office hours.
Inman Torres and Company can help you work with Home Builders to choose the right builder for you, and assist you in the home buying process from start to finish. Your Inman Torres and Company realtor can help you make the right choice to build or buy, and help in both processes.
For more information on how to build a home in Utah or questions on buying your next home, contact us for professional guidance and answers. As an award-winning team who work with builders on a continual basis, we can offer seasoned insight and help you make the decision that is best for you.