Benefits of Buying a New Construction Home

Should you buy new construction in Vero Beach or Sebastian Florida?

So you're interested in new construction homes in either Vero Beach or Sebastian, well you've come to the right place. My name is Spencer Bailey and I'll be your local guide and real estate agent going over the benefits of owning a new construction home, tips for buying new construction homes here, as well as  different communities that are currently building. Behind me is actually my home that is currently being built, that is right I'm a real estate agent that also bought a new construction home, and I'll go over why I ultimately chose to build a new home right here in the heart of Vero Beach. 

Benefits of Buying New Construction

Starting off with a few benefits of buying a new construction home versus buying a resale home that has already been built. There are a few big benefits of buying a new construction home one of which is a lot of times if you use the lender associated with the builder you can get a lower interest rate. A lot of times builders will give you money towards buying down your down interest rate. For example on this home, if the interest rate was at 6% I could get a 5 1/2 percent interest rate with the money they give me from the buy down. If you're like me this is a big deal because even a half of percent can be hundreds of dollars off your mortgage payment.  

Another big benefit to buying a new construction home is most builders will pay for your closing costs which is roughly on average 2.3 percent of the total home purchase price. So let's say you were buying a home for 350,000. Closing costs would roughly be around $8000 that you would have to pay. I currently know Dr. Horton is contributing $8000 towards my closing costs which should pay for almost all of my closing costs associated with the home Im building. These numbers change often so by the time you're watching this video the numbers that they give you for the buy down on your interest rate and the numbers they gave you for closing costs may have changed so keep that in mind. 

Another big benefit of buying a new construction home would be that everything is brand new, it will be easier to sell in the future, and your insurance is going to be lower. Insurance is a huge problem for a lot of buyers and sellers down here on Florida’s East Coast so having a brand new home where you don't have to worry about insurance is a huge benefit. In addition Unlike resale homes, new construction offers the latest design trends, energy-efficient features, and modern amenities. So if you have the luxury of time, I would definitely look in to buying a new construction home rather than a resale. 

5 Tips for Buying New Construction

Now let's go over 5 tips that I have for you if you're considering buying a new construction home.   

Do thorough research: Take the time to research different builders, their reputations, and their track records. Look for testimonials and reviews from previous homebuyers to gauge their satisfaction with the builder's quality and customer service. 

Visit model homes: Touring model homes can give you a sense of the builder's craftsmanship, layout options, and available features. Pay attention to the quality of materials used and the overall design to ensure it aligns with your preferences. 

Understand the builder's warranty: Familiarize yourself with the builder's warranty and what it covers. Know the duration of coverage and any specific terms or conditions. A comprehensive warranty can provide peace of mind and protect you from potential issues after move-in. 

Get everything in writing: Ensure that all agreements, warranties, and changes to the standard features are documented in writing. This includes any customization requests, upgrades, or modifications you discuss with the builder. Clear communication and written documentation help avoid misunderstandings. 

Work with a specialized realtor: Partner with a realtor who has experience with new construction homes. They can guide you through the process, negotiate on your behalf, and ensure your interests are protected. They may also have insights into the local market and specific builders. 

Different Communities 

Now let's go over a few new construction communities in the vero beach area As well as a few scatter plot options. Scatter plot refers to a new construction home that is not in a new construction community. For example my house that I'm building in Vero Beach right now with Dr. Horton is a scatter plot home as it is in the Vero Beach Highlands which is a non HOA neighborhood. I didn't get a whole lot of options as far as furnishings and upgrades for my new construction home because it was a scatter plot. I know a lot of times if you build in communities they often order a lot more material where you have a lot more options to pick and choose your upgrades and furnishings.  

As for Sebastian new construction, most of that is going to be scatterplot since Sebastian Highlands makes up the majority of the residential area. Sebastian Highlands is a non HOA community and I believe currently Dr. Horton is building six or seven homes on scatterplot homes in Sebastian. There is going to be a new construction community coming to Sebastian very soon called blue water Bay.  It is going to be very close to vero lake estates, and we should get more information on the community hopefully soon. 

if you have any questions or want to know a little bit more about a specific community feel free to reach out to me anytime and I would love to get that information over to you. By the time you're watching this a lot of things might have changed so like I said if you have any questions or want an update on the current new construction communities that are being built on florida's East Coast reach out to me anytime. I hope that gave you a better understanding of new construction here on florida's East Coast, I'm Spencer Bailey with Exp Realty and I will see you on the next video take care 

Spencer.Bailey507@gmail.com
507-951-2934