Real Estate

Is Now The Time To Construct A New Residence?

After yesterday’s article about hiring a contractor in Florida, I acquired an attention-grabbing query from a reader who requested if now was the time to construct a brand new house.

In truth, he was a little bit dismayed and felt that I used to be altering course too swiftly, having written pretty lately concerning the large new building premium that consumers are paying for the appropriate to dwell in a newly constructed home.

So I felt right now could be prime for a follow-up article about figuring out the optimum time to construct a brand new house.

Ought to You Construct A New Residence?

The dedication for deciding to construct a brand new house won’t ever doubtless be primarily based purely upon saving cash on the time of buy.

Even Lenny Brantley, President of Brantley Customized Properties, instructed me:

Throughout my 20+ 12 months profession as a Tallahassee house builder, there has by no means been a time {that a} new house was inexpensive up entrance than the going price for current house gross sales.

So I feel there are different components one should contemplate when deciding whether or not or to not construct a brand new house or go into the Tallahassee MLS to purchase an current house.

Automobile Shopping for Analogy Brings Some Readability

A method to take a look at this entire factor is with a automobile shopping for analogy.

Much like new properties versus “used properties,” consumers pay a premium for the appropriate to be the primary to personal a automobile.

If shopping for a automobile was purely a monetary determination, would not we all the time purchase a used automobile?

Effectively, I have not purchased a used automobile in over 20 years. I like the method of shopping for a brand new automobile. I like the brand new automobile scent, and the thrill of driving one thing within the latest 12 months mannequin.

I like the brand new options, the brand new devices, and naturally, the brand new tighter efficiency. So for me, I will in all probability stay a brand new automobile purchaser when it comes time to commerce in my journey.

Actually, there are some individuals who have this mindset when shopping for a house. Possibly it is not “each time they purchase,” however maybe it’s “this time.”

Why You May Construct A New Residence

You actually need to take a look at the larger image.

Because of this, I’m nonetheless a staunch proponent of NOT constructing proper now if the the buy worth/worth is vital.

The market has dropped a lot, and distressed properties are nonetheless creating pricing stress for sellers.

In case you are searching for a worth purchase, then look no additional than current properties on the market in Tallahassee.

However the greater image consists of long-term issues too:

  • Your age – time of life issues – Are you prepared to purchase that 20-year home? In the event you construct a house to personal for the subsequent 20 years, the efficiencies that you would be able to construct might very effectively work out to be “cheaper” than shopping for an current house and proudly owning it 20 years.
  • Self Actualization – When you have the cash to do it, and you actually wish to design and construct a brand new house, why not? That is my rationale for getting a brand new automobile, why not get precisely what you need when you can afford it?
  • Location – Do you actually wish to be in a selected Tallahassee neighborhood, however no home that matches your wants is offered? We construct when there’s not sufficient stock, it’s potential to have location particular stock points.

Finally, you select to construct a brand new house as a result of that’s what you need. And you’ll afford to have what you  need.

If you wish to additional discover whether or not or to not construct a brand new house, please drop me a word and we’ll schedule a time to fulfill and put together you to successfully consider all the choices in your housing wants.


*Joe Manausa Actual Property is a brokerage firm headquartered in Tallahassee, Florida. Its distinctive enterprise mannequin supplies specialists to each house sellers and residential consumers, and the outcomes communicate for themselves. JMRE has considerably extra 5-star opinions on google than some other native competitor. Joe Manausa Actual Property is a frontrunner in web advertising and makes use of SEO, e mail advertising, social media and information analytics to get their purchasers’ house bought sooner and for extra money than some other Tallahassee brokerage agency. For extra info, go to www.manausa.com or name us at (850) 366-8917.

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