One of my favorite experiences is walking into a brand new home with a buyer and watching the expression on his or her face as they take in the moment. A brand new home is indeed a beautiful thing. Sparkling new appliances, fresh paint, shining hardwoods and bright carpets, stylish new hardware and even the latest bathroom fixtures all come together to create an amazing picture of perfection.
Even the smell of new construction is enticing to the new home buyer. Building your dream home or purchasing a home that is under construction or has been just finished is always exciting.
Purchasing new construction brings with it numerous advantages.
Having the opportunity to select a home from a menu of homes offered by the builder, tailored to meet your lifestyle needs, is a very big plus. Being able to move right into a home that is in nearly perfect condition without the need to make any upgrades or improvements is another reason new home purchases are selected over re-sales.
With new construction, you often have the opportunity to be involved in the selection of options for the home - and even choose colors. Being directly involved in the entire process, especially being able to customize some options, is important to many buyers.
With housing demand so high in the Charleston market, finding the right home that is new construction can be a simpler process than shopping for a resale.
In Charleston, with new construction, you may have a higher likelihood of getting the builder to accept a contingency on the sale of a current home (with time-limited stipulations to remove the contingency ) than with convincing an individual seller of an existing home to agree to that contingency.
New construction homes incorporate the latest in lifestyle designs such as the availability for open floor plans or master bedroom suites downstairs.
New construction communities typically offer outstanding amenity packages that may not be available in older communities.
Maintenance costs are usually lower for new construction since everything is new.
New construction homes are more likely to have the latest technology available as a standard or as an option.
Warranties that are available to the new home buyer are very helpful and enticing for many. New construction homes are sold with home warranties from the builder, warranties from vendors for the mechanicals and warranties from the manufacturers of the appliances. If you have a problem after you move in related to construction, you can usually get it fixed at no cost for a reasonable length of time.
Charleston area home builders are required to provide a "bumper to bumper" warranty for the first year. Some builders extend that warranty. All builders are required to provide extended structural warranties. Often these major structural warranties are purchased by the builder but provided by a third-party underwriter.
New construction homes incorporate the latest codes for safety and for efficiency. Consequently, you will likely pay lower utility bills and lower homeowners' insurance bills.
Because you are purchasing a new home, moving into the neighborhood where your neighbors are also going through the same experience has some advantages. A common experience for new construction buyers is that you may get to know your neighbors better, sooner, than when moving to a resale neighborhood. Common experiences, such as going through the construction process with the same builder and living through the new construction ownership experience, encourage community bonding. Not only is this important to many home buyers, this can also turn out to be very important to other members of the family, especially teens.
New construction communities are more uniform in pricing which can reduce buyers' stress over negotiations.
New construction areas tend to be more economically homogeneous, adding to the likelihood of commonality among neighbors, encouraging more socializing and friendships. This happens because all purchases happen over short time horizon in a new construction area.
Many buyers prefer new to resale in the same way that they prefer purchasing a new car versus a used car. The intrinsic enjoyment for these buyers can be quite significant.
NOTE: Before you meet with any Charleston area home builder or visit Charleston area new home community, you should first meet with a buyer's agent. Builders are very cooperative with real estate agents in the Charleston area. Even so, they want to be sure that you arrive with representation the first time you visit a community. If you wait to bring a buyers agent in, later on, it is possible that the builder will not cooperate (will not pay that agent commission) which will eliminate your opportunity to have free representation provided by buyers agent.