5 Things You NEED to Know Before Buying a New Construction Home
Hello, I'm a local real estate agent specializing in the northeast metro Atlanta area. Georgia's real estate market is booming, with new construction homes emerging as an attractive option for many buyers. If you're considering buying new construction, there are crucial aspects you need to understand before diving in. In this video, I'll share the top five things you must know about purchasing a new construction home in Georgia. 1. You Still Need Your Own Agent While not mandatory, having your own agent when buying new construction is essential. The builder's agent is focused on protecting the builder's interests, not yours. Having your own agent ensures you have an advocate negotiating on your behalf and looking out for your best interests. It costs you nothing, and it provides peace of mind. 2. Builders and Communities Differ Each builder and their communities operate differently. Some builders offer customization options, allowing you to choose floor plans and design features. Others have predetermined plans, and you can't make changes. Community practices also vary, so it's vital to understand what each builder offers before making a decision. 3. Uncertainty in Monthly Payments Your monthly payment for a new construction home may not be known until you're closer to the closing date. Interest rates cannot be locked in until 60 days before closing, potentially affecting your monthly payment. Flexibility is key when dealing with this uncertainty. 4. Lender Choice Matters Although builders may offer incentives to use their preferred lender, it's essential to compare their terms with those from local lenders. Don't assume that incentives mean better overall terms. Working with a local lender can provide you with valuable insights and potentially more favorable terms. 5. Expect Homeowners' Association (HOA) Fees Most new construction neighborhoods come with HOAs. These fees typically range from $500 to $1,000 per year, with higher fees in 55+ communities and townhouse developments. Understand the HOA's role and responsibilities before committing to a new construction property. KeyPoint Buying a new construction home in Georgia presents fantastic opportunities, but it requires a good understanding of the process and potential challenges. Remember to secure your own agent, research builders and communities, be prepared for uncertainty in monthly payments, compare lender options, and anticipate HOA fees. Ready to Begin Your New Construction Home Journey? Whether you're excited about customizing your dream home or prefer the convenience of a spec home, I'm here to assist you in finding the perfect new construction property in Georgia. Reach out to me, and let's start your journey to homeownership. Be sure to watch this video for more insights into buying new construction homes in Georgia.
Real Reasons You Should Buy New Construction NOW
Hello, I'm a local real estate agent specializing in the northeast metro Atlanta area. Georgia's real estate market is sizzling hot, making it challenging for buyers to secure homes. One effective strategy many are employing during these competitive times is purchasing new construction homes. In this video, I'll share the compelling reasons why now is an excellent time to consider buying a new build in Georgia instead of opting for a resale property. Affordability and Incentives New construction homes can be priced similarly or even more affordably than resale homes. Lenders and builders often offer enticing incentives, such as interest rate buy-downs, which can make the monthly payments comparable or even lower than those of resale homes. Take advantage of these significant savings. Competition Varies by Location While there is competition in the new construction market, the level of competition depends on the area you're looking in. Popular and high-demand locations may have intense competition, while less sought-after areas may offer more accessible opportunities. Finding the right area that aligns with your preferences can help you navigate competition effectively. Early Entry and Pricing Advantage Getting into a new construction neighborhood at the beginning of its development can offer pricing advantages. Builders often increase home prices as they sell more homes in a community. Purchasing early allows you to secure a lower price before subsequent increases. Move-In Ready Newly constructed homes require less immediate work compared to resale properties. If you have limited time or funds for renovations or repairs, a new construction home provides a convenient move-in-ready option. You can avoid the hassle and expense of updating an older property. Faster Closing Times New construction homes can be acquired with shorter closing times. Some properties are already finished and ready for immediate purchase. If you need a home quickly, new construction options are available to meet your timeline. Area-Specific Considerations New construction opportunities vary by location. Smaller towns with available land often have more options, while densely built areas like Alpharetta and Johns Creek may offer townhomes rather than single-family homes. Exploring different areas can help you find the right fit for your needs and budget. Building Process and Customization The building process, costs, and customization options can vary by builder and community. You may have the opportunity to make selections or changes to certain aspects of your new home. Partnering with an experienced real estate agent can help you navigate these variables effectively. KeyPoint Buying a new construction home in Georgia offers numerous advantages, including affordability, incentives, and various options to meet your preferences. The key is to understand the local market, competition, and builder-specific factors to make an informed decision. If you're interested in exploring new construction opportunities or have questions about the real estate market in Georgia, don't hesitate to reach out to me. I'm here to assist you as your real estate agent, providing guidance and expertise to help you find your dream home in this competitive market. You can find my contact information below this video. Ready to Find Your Dream Home in Georgia? Whether you're eager to explore new construction options or considering resale properties, I'm here to help you navigate Georgia's dynamic real estate market. Reach out to me, and let's embark on your journey to find the perfect home. And don't forget to watch this video for more insights into the real estate market in Georgia.
What You NEED To Know Before Moving To Georgia
Hello, I'm a local real estate agent specializing in helping individuals and families relocate to the northeast metro Atlanta area. Moving to a new state is a significant life change, and Georgia, with its diverse landscapes and unique characteristics, offers both exciting opportunities and certain differences from other regions. In this video, I'll provide you with essential information to consider when moving to Georgia and purchasing a home in the current real estate market. The Changing Cost of Living Georgia's cost of living has evolved over the years. Some newcomers find it incredibly affordable, while others, especially those coming from states with lower living costs, may experience sticker shock. Understanding the current real estate market is crucial, with the average sales price in the Greater Atlanta Area currently at approximately $477,000. Multiple Offer Situations Due to low inventory and high demand, many homes in Georgia, especially those well-maintained and correctly priced, end up in multiple offer situations. Be prepared for competition when searching for your dream home. Fencing Isn't Standard Unlike some states where builders often include fencing, Georgia builders typically don't provide fences with new construction homes. Even in resale homes, don't assume there will be a fence unless it's specified in the property disclosures. HOA Fees and Amenities Living in towns with abundant amenities like Alpharetta, Suwanee, or Buford often means residing in neighborhoods with Homeowners' Associations (HOAs). Be aware that HOA fees vary, ranging from $500 to several thousand dollars annually, depending on the neighborhood and amenities. Privacy Expectations If you seek privacy and wooded lots, be aware that many new construction homes in Georgia are built on leveled land, reducing natural buffers. You may need to explore custom builders or smaller developments to achieve the privacy you desire. Trash and Utility Costs Trash collection fees are typically not included in property taxes. Many Georgia residents pay separate fees for trash collection services. Additionally, gas is deregulated, allowing residents to choose their gas providers. Gas heating is common, but not all homes have gas lines, so some opt for electric heating. Appliance Inclusions In resale homes, appliances like washers, dryers, and refrigerators are often not included. Sellers may specify in property disclosures whether these appliances are part of the sale. Negotiations or purchasing new appliances might be necessary. KeyPoint Moving to Georgia is a significant decision that requires careful consideration of the state's unique characteristics and the current real estate market. Whether you're drawn to Georgia's affordability or seeking certain amenities, understanding these aspects will help you make an informed decision about your move. If you're planning to move to Georgia or have questions about the relocation process, don't hesitate to reach out to me. I'm here to assist you as your real estate agent, providing guidance and expertise to make your transition to Georgia as smooth as possible. You can find my contact information below this video. Planning Your Move to Georgia? Whether you're ready to make the move or still considering your options, I'm here to provide guidance and answer your questions about Georgia's real estate market. Don't hesitate to reach out, and let's explore the possibilities together. Additionally, be sure to watch this video for more information about moving to Georgia.
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