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Get to know more about The Four Corners area

Get to know more about The Four Corners area

Get to know more about The Four Corners area

Why move to the Four corners area 

 

Lake County

Location and Geography: Understand the town’s location, geography, and surroundings. Consider factors like proximity to major cities, access to natural amenities (e.g., mountains, beaches), and the local climate.

Housing Market: Investigate the town’s housing market, including rental and purchase prices. Determine the type of housing that suits your needs and budget. Check out properties for sell in the area  Resale Properties New construction 

Commute and Transportation: Calculate your daily commute time and transportation options. Determine if public transportation, walking, or biking is feasible, and assess the town’s traffic patterns

Community and Lifestyle: Explore the town’s culture, lifestyle, and community. Consider your interests, hobbies, and how well they align with what the town offers. Check out our Blog for future events 

Orange County

Location and Geography: The county seat is Orlando, which is also the largest city in Orange County. The county is known for its vibrant tourism industry, with popular attractions such as Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando. Orange County is also home to a diverse population and offers a range of cultural, recreational, and educational opportunities.

Housing Market: It is a desirable location due to its proximity to popular attractions  and a range of amenities. These factors have contributed to a steady demand for housing in the area.

Commute and Transportation: Orange County has an extensive network of roads and highways, including Interstate 4 (I-4) and the Florida Turnpike, which provide convenient access to different parts of the county and beyond. Lynx is the public transportation system serving Orange County. It operates a network of buses that cover a wide range of routes throughout the county, including express routes to downtown Orlando. Lynx also offers a paratransit service for individuals with disabilities.

Community and Lifestyle: Orange County offers a vibrant community and a diverse lifestyle. The county is known for its warm climate, beautiful beaches, and numerous recreational opportunities such as a variety of outdoor activities, including water sports, golfing, hiking, and biking. Residents can enjoy exploring the county’s many parks, nature preserves, and lakes. Orange County is famous for its world-class theme parks, including Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando. These attractions draw visitors from around the globe and provide residents with endless entertainment options.

Osceola County

Location and Geography:  Osceola County is characterized by a mix of urban and rural areas. It is part of the greater Orlando metropolitan area and is known for its proximity to popular tourist destinations. The county is bordered by Lake Tohopekaliga to the west and the Kissimmee River to the east. It also encompasses parts of the Kissimmee Chain of Lakes, which offers recreational opportunities for boating and fishing. Osceola County has a diverse landscape, including wetlands, forests, and agricultural areas. The county’s location in Central Florida provides a subtropical climate, with hot and humid summers and mild winters.

Housing Market: Osceola county offers a range of housing options, including single-family homes, townhouses, and condominiums. The prices and availability of properties can vary depending on factors such as location, size, and amenities. Osceola County has experienced significant growth in recent years, driven by factors such as its proximity to popular tourist destinations like Walt Disney World and Universal Orlando Resort, as well as its strong job market. This growth has led to increased demand for housing in the area. 

Commute and Transporation: Major highways that pass through or near Osceola County include Interstate 4 (I-4), which runs east-west and connects the county to Orlando and Tampa. State Road 417 (Central Florida GreeneWay) is a toll road that provides a convenient route for traveling north-south through the county. State Road 192 (Irlo Bronson Memorial Highway) is another major road that runs east-west and is known for its commercial areas and access to popular tourist destinations.

Community and Lifestyle: Osceola County offers a range of recreational activities and amenities. It is known for its natural beauty, with numerous lakes, parks, and outdoor spaces for residents to enjoy. The county also has a strong focus on sports and recreation, with facilities for golf, tennis, soccer, and more. Additionally, the county has a strong sense of community with various events, festivals, and cultural celebrations throughout the year. The local school system strives to provide quality education, and there are also higher education institutions in the area.

Polk County

Location and Geography: It encompasses a mix of urban areas, suburban communities, and rural regions. The county is known for its numerous lakes, with over 550 lakes dotting its landscape. The largest lake in Polk County is Lake Kissimmee. The county’s terrain features a combination of flatlands, rolling hills, and wetlands. Polk County is also home to various natural attractions, including state parks, wildlife preserves, and recreational areas. It offers opportunities for outdoor activities such as boating, fishing, hiking, and wildlife observation.

Housing Market: Polk County has had a diverse and competitive housing market. It is located in central Florida and offers a mix of urban and suburban areas. The county is known for its affordability compared to some neighboring counties, which can make it an attractive option for homebuyers.Factors such as population growth, economic conditions, and local amenities can influence the housing market in Polk County.

Commute and Transportation: Polk County is well-connected by a network of major highways, including Interstate 4 (I-4) that runs east-west through the county. Other important roadways include US Highway 27, US Highway 98, and State Road 60. Polk County offers public transportation services through the Citrus Connection. This includes fixed-route bus services that operate throughout the county, connecting various cities and communities. 

Community and Lifestyle: The county is home to several cities and towns, including Lakeland, Winter Haven, and Haines City, each with its own unique charm and amenities. The county also hosts various cultural events, festivals, and community gatherings throughout the year. Education is a priority in Polk County, with a number of public and private schools serving the community. The county is also home to several higher education institutions, including Polk State College.

    Ready to make a Move?

    Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

     

    New 55 Plus Community In St. Cloud

    New 55 Plus Community In St. Cloud

    New 55 Plus Community In St. Cloud

    Central Florida’s #1 Active Adult Lifestyle community is Twin Lakes! With its idyllic location on Live Oak Lake, Twin Lakes offers its residents an array of amenities. The community features an incredible clubhouse, a lakefront resort-style pool, a state-of-the-art fitness center, several heated pools, tennis, pickleball, bocce ball courts, a putting green, a community boat dock, kayaking, canoeing, fishing, and a full-time activities director, so residents can live life to the fullest! At the center of our amenities is our community clubhouse, which includes:

    • Spacious Gathering Room
    • Game Room with Billiard Tables
    • Poker Room with Card Tables
    • Art Room with Kiln
    • Commercial Kitchen with Class/Demo Area
    • Poolside Patio and so much more!

    This beautiful, gated community offers boating, kayaking, and amenities usually found only at resorts.  

    Twin lakes community

    Ready to make a Move?

    Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

     

    What Is Rammed Earth Construction?

    What Is Rammed Earth Construction?

    What Is Rammed Earth Construction?

    What Is Rammed Earth Construction?

     

    You may not be familiar with the term, but you’ve seen the building technique—think of the ancient architecture of the Great Wall of China, the Alhambra in Spain, and the stunning Kasbahs of Morocco.

    These examples of rammed earth construction have stood the test of time, for several hundreds of years. And that durability is one reason this type of construction is making a comeback—albeit in buildings with significantly smaller square footage.

    Rammed earth homes are sustainable and have a warm yet contemporary aesthetic to boot. Here’s what you need to know if you’re thinking about building or buying one of these unique homes.

    What are rammed earth homes made of?

    True to its name, builders use earth-based compacted soil to construct rammed earth homes. This earthy mix—which consists primarily of sand, silt, water, and clay—is set in formwork on the foundation.

    “The rammed earth material is placed within the form in layers called lifts, typically 6 to 8 inches in depth, which are rammed with pneumatic tampers that can be maneuvered within the walls,” explains Bly Windstorm, CEO of Earth Dwell Ltd. and U.S. president of the nonprofit North American Rammed Earth Builders Association (NAREBA). “After a lift is fully compacted, another layer’s added and then rammed.”

    Builders repeat this process until the wall is complete. All the building block essentials to complete the home are within each completed form. This includes reinforced steel, electrical and plumbing conduits, switch boxes, and even frames for doors.

    The earth and aggregates available in the future home’s location determine the actual color of the walls. But if you want to put your stamp on Mother Nature’s offerings, you can alter rammed walls with various textures and finishes.

    Types of rammed earth walls

    The rammed earth buildings still standing today were constructed in areas where the earth’s soil had the optimum constituents for making durable walls. These “raw” types of rammed walls consist of sand, silt, water, and use clay as a binder, exactly like today’s walls.

    However, it’s rare to find the optimum soil mix and the correct type of clay to make raw rammed-earth walls in the United States. And while, historically, clay has proven to be effective as a binder, the material isn’t earthquake-resistant, says Peter Jones, CEO of Gryphon Construction in Victoria, British Columbia, and Canadian president of the NAREBA.

    As a result, new rammed-earth homes are mainly built with “stabilized,” reinforced rammed earth walls, to meet current building codes. So what makes the walls more stable?

    “The addition of a Portland cement, lime, or other pozzolans [concrete improvers] allows the building of durable walls with local earthen materials in most localities around the world,” says Windstorm.

    And the newer rammed earth formulas are more environmentally friendly, thanks to the additives like slag—a stony byproduct of melted or refined metal, which may remove harmful chemicals from the environment, says Jones.

    Down-to-earth benefits of rammed earth construction

    If you decide to build a rammed earth home, you won’t just be paying homage to one of the wonders of the world. You’ll enjoy these eco-friendly benefits as well:

    Energy-efficient climate control: The aesthetics of these homes may evoke a stone-cold feel, but the opposite is true. Rammed earth walls are known for their high thermal mass, which means they absorb, store, and release heat, whether the house is in Alaska or Arizona.

    “The house remains naturally cool in the summer and warm in the winter, with a small fraction of the energy required for a conventional home,” says Windstorm. Bonus: The walls are fireproof and provide sound insulation.

    Environmental advantages: Rammed earth homes basically last forever, Jones says, “whereas conventional ‘stick-homes’ may last 80 years.”

    Rammed earth walls don’t require painting or siding. And they are non-toxic, which means there’s better air quality within the home. 

    Another green checkmark? Utilizing the earth’s soil for walls reduces the heavy load on our forests. And there’s not much chance of depleting earthen material.

    “Even a small, 5-acre quarry could produce enough earthen material for over 1,000 homes,” adds Windstorm.

    Minimal maintenance: There’s an endless to-do list of maintenance and repair costs with houses made out of wood. With rammed-earth homes, the upkeep is minimal.

    Rammed earth walls are weather-resistant and only need a second coat of sealer 10 to 20 years after construction. The only significant housing components that might require attention at some point are the roof and windows.

    Drawbacks to rammed earth homes

    “The greatest downside is the higher cost of construction as compared to a stick-built home,” says Windstorm. The massive rammed earth walls—about 18-inches to 2 feet thick—are expensive to make, take longer to build, require special equipment and skilled labor to erect.

    Gore Designs, a rammed earth builder, says that they could cost 30% to 70% more than a stick build. However, rammed-earth homeowners save in the long run, thanks to the lower energy costs and the fact that they need less upkeep.

    Finally, there’s the commitment issue. It’s way more complicated to add an electrical outlet—let alone remodel a bathroom—when you have a rammed earth home, due to the thickness of the walls.

    That means you have to put a lot of thought into designing a home that you can live in for many years to come.

    Experts in Residential Real Estate in Orlando

    If you are buying or selling real estate it’s quiet often the single most important financial decision you make. For the last 30 years we have helped clients buying and selling property in Orlando and the surrounding areas. Put simply, this means the knowledge and expertise accumulated over this time ensures our clients get the best representation possible.

    Our experienced agents will help and guide you through the entire process providing valuable support every step of the way.

    Ready to make a Move?

    Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

     

    9 Myths About Buying a New-Construction House

    9 Myths About Buying a New-Construction House

    9 Myths About Buying a New-Construction House

    Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. It will take too long.

    While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. As a result, homebuyers who’ve heard these rumors might be passing over a smart path to homeownership that makes sense for many Americans today.

    “Given declining housing affordability and limited existing home inventory, a full one-third of inventory on the market is now new-construction homes,” says Robert Dietz, senior vice president and chief economist for the National Association of Home Builders.

    In other words, in a housing market plagued by limited inventory, prospective homebuyers can’t afford to count out new-construction homes as an option—and they certainly shouldn’t just because of some persistent misconceptions.

    With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit.

    1. New construction homes are more expensive

    While new-construction homes might technically cost more upfront, that price tag is not the whole picture.

    “It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines, president of Artisan Built Communities. “But since homes don’t possess a clear odometer on them, like one would use to evaluate a used car, buyers need to consider all the costs of purchasing to understand their total cost of ownership.”

    A new-construction home, after all, will sport a brand-new roof, appliances, HVAC equipment, and major systems that homebuyers likely won’t need to repair or replace anytime soon. In other words, while a new-construction home might have a sales price that seems more expensive upfront, it’s actually saving a buyer from having to replace, upgrade, or “bring to code” elements of a previously owned home, which could cost tens of thousands of dollars.

    “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines. “One must look closer to total cost of ownership to understand the truth.”

    2. You’ll be waiting a long time to move in

    It’s true that new-construction homes do take time to be built—on average, about 6.5 months from the ground up.

    However, this does not mean you’ll need to wait that long, since builders often start building long before they have a buyer. Construction on these “spec homes” might already be well underway or even completed before you strike a deal. So if you don’t want to wait at all, see if there is a spec available.

    Yet it’s also worth keeping in mind that the build time will vary widely, particularly with recent supply chain issues that might lengthen the timeline. Factors that could affect construction time frames include the availability of labor and materials as well as municipality permitting times.

    Bottom line: Make sure to ask when they expect the house to be done, and what happens if the house is not done on time.

    3. It’s harder to finance a new-construction home

    Actually, the exact opposite is true here. Thanks to potential builder incentives and lenders liking the fact that a person is buying something new (which translates to less risk), there might be more simplicity in financing a new home.

    “Builders often maintain relationships, partnerships, or even wholly owned subsidiaries whose primary focus is to help borrowers find better lending options,” says Haines.

    Plus, title companies that work with builders tend to do “batch” title searches on the new parcels in a community all at once. This helps an urgent buyer get to the closing table faster.

    “If you are looking at a larger national builder, they will generally have affiliated lending companies or their own lending companies that willoffer you several incentives to do business with them instead of an outside lending source,” says Don Turner, national sales director of new homes at Realtor.com®.

    If you happen to find a better deal with an outside lender, maybe someone you’ve been pre-approved through, most builder lenders will usually work to match or beat that deal to keep your business in-house so they can directly manage your mortgage file. And if you are working with a smaller builder that does not have an affiliated lender, the builder will typically work with a local mortgage broker to assist buyers in securing loans.

    4. New homes lose their value faster than pre-existing properties

    While it’s true that new cars lose a lot of their value the instant they’re driven off the lot, the exact opposite is the case with new homes. In fact, many new-construction homes appreciate in value even before their buyers have moved in.

    “Most buyers who buy in the early stages of construction in a community can expect to build equity even before they closeon their home, because of price increases as the builder sells more homes,” says Kimberly Mackey, founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding. There is generally also another spike in value once the entire community is completed.

    5. You can’t inspect a new-construction home before you buy it

    You can absolutely do a home inspection before you purchase a new construction.

    “I would be cautious of any builder who refuses to allow you to perform a home inspection,” says Bill Samuel, owner of Blue Ladder Development.

    In fact, buyers who choose to purchase a new-construction home can actually periodically inspect the home throughout the build, giving them and their inspector a much higher understanding of the home’s condition; plumbing, electrical, and HVAC systems behind the walls; insulation; and more than they obtain by inspecting only a completed home.

    “I would also encourage buyers to try and perform an inspection before the builder starts drywalling the house,” says Samuel. “Having the inspector walk through the home before the drywall is installed allows him to see many important parts of the home that will be covered up.”

    New-construction homes are also inspected by local municipalities throughout the construction process, and those same groups provide a final certificate of occupancy before move-in is allowed.

    Homebuyers also are provided an opportunity to conduct a walk-through of their home before taking possession of it. All in all, there are plenty of opportunities to kick the tires on a new house.

    6. New-construction homes are lacking in character

    Beauty is in the eye of the beholder. It’s the same thing with what someone defines as character. And just because something is new, it doesn’t mean it can’t have every feature you’ve ever dreamed of in a house.

    “A person can choose or add different features for whatever they can afford to buy or add on,” says federal construction and security contractor Charles Chadwick Jr. “I’ve seen homes in subdivisions where some had vinyl siding only, and others had bricks/stones added in addition to vinyl siding.”

    Trends tend to be fleeting, and new-construction homes are more likely to be up to date.

    “New homes possess the most current designs,” says Haines. “As it relates to existing homes, the older the home, the harder it is to help the exterior of the home look current.”

    “Nothing is more limiting than buying a home as is,” says Haines. “You have the most choice when buying new, regardless of the builder’s option offering.”

    It all depends on the builder. Some builders build homes on spec—meaning the home is already built to certain specifications, and in that case, the customer will have very few or even no choices. Others build homes to plan but allow for a variety of selections and/or upgrades.

    To determine what kind of builder you might be working with, check builder reviews before you get into a contract.

    8. New-construction homes are poorer quality than pre-owned homes

    “They don’t build them like they used to” is an old saying that just doesn’t hold water when buying a new-construction home. No matter what kind of house it is, the building construction principles generally do not change at all.

    “For example, the construction of a load-bearing wall will not ever change—whether it’s in a new home or a custom-built home,” says Chadwick. Regardless of specific features, a house is still going to be built to a requisite standard.

    “New homes are subject to the latest in building code, which has become more stringent over time,” says Haines. He notes they are subject to improved electrical wiring requirements, more ground-fault interruption requirements (including outdoor HVAC equipment in 2022), higher insulation requirements, more efficient air conditioners, and improvements in plumbing. (Old copper and early PVC are highly subject to leaks.)

    9. You don’t need a real estate agent to purchase new construction

    Technically this is true: You are not required to have a real estate agent for many new-construction home deals. However, it is generally still a good idea to have your own representation.

    Because a new-construction deal is really no different than any other real estate transaction, there might be opportunity for you to negotiate on the price, contract terms, add-ons, completion date, and other incentives. Having a real estate agent to help with this can help make sure you’re getting the best deal possible.

     

    Experts in Residential Real Estate in Orlando

    If you are buying or selling real estate it’s quiet often the single most important financial decision you make. For the last 30 years we have helped clients buying and selling property in Orlando and the surrounding areas. Put simply, this means the knowledge and expertise accumulated over this time ensures our clients get the best representation possible.

    Our experienced agents will help and guide you through the entire process providing valuable support every step of the way.

    Ready to make a Move?

    Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

     

    New Construction – a Smart Move for First-Time Homebuyers

    New Construction – a Smart Move for First-Time Homebuyers

    New Construction – a Smart Move for First-Time Homebuyers

    New Construction – a Smart Move for First-Time Homebuyers

    Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction.

    While it’s true that brand-new homes often come with a heftier price tag upfront, these properties can actually end up being a good—even great—deal for first-time buyers.

    “It is true that new-construction homes, on average, are 10% to 15% higher in sales price than resale homes, but that doesn’t mean that they are less affordable,” says Bob Seeman, vice president of sales for New Homes at Realtor.com. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.”

    Here’s why first-time homebuyers shouldn’t rule out new construction, and how these opportunities can be a better deal than many might think.

    Low inventory means first-time buyers should explore all options

    In a housing market that’s still dealing with extremely limited inventory, the reality is first-time homebuyers can’t afford to dismiss this option.

    According to the National Association of Realtors®, the inventory of existing homes on the market in December 2022 was at an all-time low of 910,000. That was a year-over-year decrease of 18%, and marks 31 straight months of declines in available homes.

    “The housing shortage will get worse over the next year—we simply don’t have enough supply,” says John Hunt, chief analyst for MarketNsight.

    For example, Hunt says, to get back to “normal” and meet demand, Atlanta alone would need 66,000 additional homes on the market over the next 12 months.

    Compounding the problem is that homeowners who might normally sell aren’t doing so because they’re reluctant to buy a new home—and get a new mortgage—when interest rates are so high.

    Translation: Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes because there just aren’t enough homes of any kind to satisfy the current demand.

    Builders can help first-time buyers with better financing

    Let’s face it, price matters. That’s true whether you’re buying your first home or third luxury vacation property. The difference with a new-construction purchase, however, is you might be able to save money through builder incentives.

    These promotions—meant to attract buyers to a certain development project—frequently come in the form of financing help, and this is what can make a new-construction home purchase workable for a first-time buyer.

    “What many first-time buyers most need are cash to close and monthly payments that they can afford,” says Seeman. “Because many builders can offer financing through their company’s mortgage arm or through a lender affiliate, they have programs to help reduce the amount of cash a buyer needs to close on a home.”

    A reduction in the initial cash outlay can make all the difference for a first-time homebuyer. Many builders are also currently offering much lower mortgage rates through their lenders as well in order to attract first-time buyers who would otherwise be priced out of the market.

    “We’re seeing builders get creative with financing—offering rates as low as 4.99% to 5.99% right now, which is lower than what you’ll see for existing homes,” says Alex Toth, director of homebuilder partnerships at Opendoor.

    Since mortgage rates spiked in October to over 7% for a 30-year fixed-rate loan for the first time in 20 years, this could indeed determine if a first-time buyer can qualify for a home or not.

    Another benefit of working with a builder’s lender is that the lender is usually well-versed in FHA and VA loan options. These low or no-down payment loans might also be a huge benefit to first-time homebuyers trying to secure a mortgage if they qualify.

    New-construction homes can save you money on utilities

    Total homeownership costs include more than just a down payment and mortgage, but many first-time buyers forget that part of the equation.

    “Even if a new home is 10% more than a resale home, new homes are built to the latest building codes, which set more stringent insulation and energy standards,” says Seeman. This means new homes might cost a buyer less in heating and cooling costs.

    “Those efficiencies should help offset a slightly higher monthly mortgage payment,” adds Seeman.

    Bill Samuel, owner of Blue Ladder Development, agrees.

    “In most cases, a new-construction home will be considerably more energy-efficient than an older home since it was built to a higher standard of energy building code, so you’ll likely have lower utility expenses than an older, similar sized home,” Samuel explains.

    However, Janice Glessner, the online sales and marketing manager for S&A Homes, suggests first-time homebuyers look for a builder that can offer proof of the home’s energy efficiency through a Home Energy Rating Score.

    “This can translate to hundreds of dollars, even thousands, saved every year depending on where and how you live,” says Glessner.

    New-construction homes often require fewer repairs—and come with warranties

    Another way that a first-time homebuyer might save money by purchasing a new-construction home is through far lower maintenance expenses over the years since all of the components of the house are new.

    “Older homes have hidden costs,” says Glessner. “For example, having to replace an HVAC system in an old home can cost thousands.”

    But if something does go wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties, which can save a first-time buyer from unforeseen expenses.

    “Builder warranties usually come with multiple components,” explains Seeman. “For instance, a warranty may cover major appliances and systems—for example, plumbing, electrical—for two years, and structural defects for 10.”

    Customization is cheaper than renovation

    “Cost aside, a lot of first-time homebuyers are of the millennial generation, who are used to and expect customization in almost everything they do–and a new-construction home provides that,” says Toth. “From integrated smart home systems and technology to customizable finishes, today’s builders are giving first-time homebuyers a wealth of options.”

    Numerous experts also agree that one of the biggest benefits of purchasing a new-construction home is the potential to customize the home to meet specific tastes. And this is also a financially savvy move since renovating a resale home can be costlier than new construction.

    “Oftentimes a builder will have access to favorable pricing from its subcontractors and suppliers,” says Samuel. “So it is typically much more economical for them to perform upgrades during the construction process versus buying a property as is and hiring a retail contractor to make the requested improvements.

     

    Experts in Residential Real Estate in Orlando

    If you are buying or selling real estate it’s quiet often the single most important financial decision you make. For the last 30 years we have helped clients buying and selling property in Orlando and the surrounding areas. Put simply, this means the knowledge and expertise accumulated over this time ensures our clients get the best representation possible.

    Our experienced agents will help and guide you through the entire process providing valuable support every step of the way.

    Ready to make a Move?

    Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

     

    Ways To Lower Cost of Buying New-Construction Home

    Ways To Lower Cost of Buying New-Construction Home

    Ways To Lower Cost of Buying New-Construction Home

    Ways To Lower Cost of Buying New-Construction Home

     

    While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more.

    Recent data from the National Association of Home Builders and the U.S. Census Bureau found that the price for a newly built home currently hovers at a national median of $436,800. Compare that with a preexisting home’s median price of $396,300, and it’s clear that buying brand-new might set you back tens of thousands of dollars extra.

    Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

    1. Buy into the community early

    If your timeline is flexible, one prime opportunity to score major savings is by being one of the first people to purchase in a new community—even before the homes have been built—when developers are particularly eager to get buyers on board.

    “There are pre-construction pricing opportunities that will likely allow you to purchase a home at a lower price,” says Bill Samuel, owner of Blue Ladder Development. “Since the potential pre-construction savings amount varies for each development, it is in your best interests to call around to every development to find the best deal.”

    Samuel suggests prospective homebuyers create a spreadsheet of the different developments in their area and ask the sales representative for each development about the specific bonuses on offer.

    Another potential benefit of “getting in on the ground floor” is that people who buy into a project early tend to have built-in equity by the time they close due to natural price increases as the builder sells more and more properties in the community. Translation: Your home will probably already be worth more than you paid once it’s finished.

    2. Minimize the number of upgrades

    Similar to a car, new-construction homes have “base models,” which come with the bare minimum. But if you want any fancy bells and whistles (think: high-end kitchen countertops or a custom paint job), this will typically jack up the price.

    Homebuilders will generally have a list of what is included in the base price of a new-construction home, often referred to as the “specification level.” Beyond that, many builders offer personal selections or options that a buyer can choose to add for an additional fee.

    Minimizing the amount of extras selected during your new home build is going to be one of the most significant ways to realize savings. Samuel suggests prospective buyers spend time touring the model home in any development being considered.

    “Review the list of extras being offered while touring the home to see what you are happy passing on,” says Samuel.

    However, keep in mind that if you do think you might want these extra features someday, you’ll probably get a better deal by adding them during construction than you will if you decide to renovate later on. This is for two reasons: One, builders buy at scale, so they get better deals with suppliers and can pass those savings on to you. Two, it saves the cost of demolishing or removing whatever items you are ultimately going to replace.

    Basically, it’s always cheaper to build a new home the way you want at the beginning rather than retrofitting it down the line.

    3. See if you can negotiate the sales price

    While sellers of existing homes are nearly always willing to negotiate the sales price of their home, this isn’t always the case with builders. But you can try.

    “Some builders won’t negotiate under any circumstances, but it is always worth a shot,” says Cliff Johnson, vice president of new homes at Realtor.com®. “Builders have [reasons] to keep prices close within the community to ensure they don’t end up with other upset buyers who discover their neighbor got a significantly better deal, though they purchased a home around the same time.”

    So while you might be able to negotiate down the price of a new-construction home a little, be wary of trying to lower it too much, as that could ultimately work against you.

    “Lowering the sales price, especially in a community where the builder has more homes to sell, is not a great strategy, nor is it good for the appraisals in the community,” says Kimberly Mackey, founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding. “If the home values start to fall in an area, it isn’t good for the builder and the surrounding property values.”

    As a result, a better bet might be to try to negotiate savings in terms of builder incentives (more on those next).

    4. Find out what builder incentives might be offered

    Builder incentives are basically promotions that developers use to attract buyers, and may include things like money-saving financing options (e.g., builders help with closing costs or buying down the home loan interest rate) or premium upgrades (e.g., installing high-end kitchen countertops for a fraction of the usual price).

    Typically, favorable financing can be a boon to buyers during tough financial times when money is tight, whereas premium upgrades benefit buyers who long for a more custom, luxurious home without paying big bucks. Developers tend to offer more incentives during the beginning and end of a project, or during economic downturns that may slow the pace of sales. But it’s always worth asking what incentives can be offered.

    One prime time to find incentives is near the end of the year.

    “Sometimes a builder will provide incentives at the end of their fiscal year which is late fall of the end of the calendar year for most builders,” says Bob Seeman, vice president of sales, new homes for Realtor.com. “They want to show strong results for the whole year and the summer buying season has ended, so the incentives are often in place to extend that buying season.”

    5. Go for the in-house designer’s suggestions

    Another cost-cutting tactic for homebuyers is to take advantage of professionally curated “bundles” suggested by the builder’s on-staff designer.

    These upgrade packages or bundles of popular features and color choices offered by some builders can save buyers money by keeping them from overspending in the selection center. Also, by offering these packages, the builder can buy premium materials in bulk and pass the savings on to the buyer.

    “These bundles can keep a buyer from overimproving a home and assure them that the colors and selections will look great together,” says Mackey.

    6. Be flexible on your home’s location

    Don’t mind if the house is situated on a (slightly noisier) corner lot rather than tucked into a quiet cul-de-sac? Then this could help you snag a lower price that won’t affect your quality of life there.

    “One easy way to get a lower price is to accept a lot that isn’t in a prime location,” says Seeman.

    Similarly, if the developer has numerous projects in the works that you’re willing to explore farther afield, this flexibility could work to your advantage as well.

    “If the buyer is flexible, they may find that they can get a better offer at a nearby community, depending on how that community is [selling],” Seeman explains.

    7. Hire a real estate agent who knows about new construction

    It is important to note that not all real estate agents have experience or understanding of new construction, and it can be a slightly different experience from purchasing a pre-existing home. So having an agent who knows this niche can save you money as well.

    “I recommend that buyers work with a real estate agent who has received additional training in new construction,” says Mackey. “Buyers should ask their real estate agent to pull the comps before they make an offer on a new home so they can see the sales price others are paying in that neighborhood to put their minds at ease over the values there.”

    Experts in Residential Real Estate in Orlando

    If you are buying or selling real estate it’s quiet often the single most important financial decision you make. For the last 30 years we have helped clients buying and selling property in Orlando and the surrounding areas. Put simply, this means the knowledge and expertise accumulated over this time ensures our clients get the best representation possible.

    Our experienced agents will help and guide you through the entire process providing valuable support every step of the way.

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