Buying a house can be very stressful. If you are in the market to buy, especially if you are a first time home buyer, you may want to consider investing in a house in a new subdivision. These are great places to live, because they offer a fresh opportunity in many respects. The school districts are often good and you can get in on fresh new real estate while it is still being developed. Buying a new home has plenty of benefits. You may have to pay a little than if you were buying older property, but you won’t need to worry about maintenance issues.
The “guts” of a home (foundation, electrical, plumbing etc) are the often the money pit factors. When you don’t buy new, you run the risk of having to pay unexpected costs. Also, new homes are built with energy efficiency in mind. From the windows to the doors, builders make sure to seal everything up really well. For instance, if you are driving through an area with many new homes, particularly with real estate for sale, you may want to pay attention to see if the windows bear manufacturing stickers.
This is often used as a sales tactic to reel in potential buyers. Reputed companies are very well known for producing highly energy efficient windows. When people see that a house has been installed with the latest and greatest, they are more apt to buy. Another great benefit to living in a new subdivision is that since they are relatively small, you can enjoy the advantages of quiet streets and a safe neighborhood.
They are perfect places to raise a family, and this is why they are highly sought after. Here are some tips for spotting a new subdivision. You will want to read through the list carefully, as the homes in these areas tend to sell quickly. If you are fortunate, you may be able to get a great deal on a brand new home. The most important thing to keep in mind is that equity increases rapidly for homes that are located in new developments.
Ways to spot a new subdivision
- Make a trip to your city’s planning and zoning commission
- Go to the assessor’s office
If a neighborhood is being built, there will be a sign stating the name and approximate date when real estate will be available for sale. There will be contact information available if you want to call/email. If you happen to drive by a plot of land that is being developed, chances are a new subdivision might be in the works. Contact your city’s planning and zoning commission to find out who owns the property and what is going to be built. You can also go to your local assessor’s office (or visit their website) to find out more about the property. The best piece of advice is to do your research early.