Why a New Construction Home in South Florida?
Broward and Miami Dade County New Construction Homes For Sale Listings at the end of this Article, see how I'll contribute to your closing costs:
How I'll contribute from my Commission to help you with Closing Costs
Florida
Homes Built after 1992 are Better Constructed and Safer:
Homes built
after 1992 in Florida are typically safer due to changes in building codes and
regulations implemented after Hurricane Andrew. Hurricane Andrew, which struck
Florida in 1992, was one of the costliest and most destructive hurricanes in
U.S. history.
It exposed weaknesses in building practices and codes, leading to significant changes aimed at improving the structural integrity and resilience of buildings in hurricane-prone areas like Florida.
Some more changes made to the Florida Building Code after 1995 to make new homes
safer include:
Wind Resistance Requirements
The building code was updated to include stricter standards for wind resistance. This involved requirements for stronger roof structures, improved connections between the roof and walls, and more robust fastening systems for windows and doors.
Impact-Resistant Windows and Doors
The use of
impact-resistant windows and doors became mandatory in certain areas prone to
hurricanes and high winds. These windows and doors are designed to withstand
flying debris during storms, reducing the risk of penetration and damage to the
home's interior.
Roofing Materials
Standards
for roofing materials were updated to ensure they could better withstand high
winds and impacts from debris. This often includes requirements for roof
covering materials like shingles or tiles to be rated for specific wind speeds.
Building Envelope
Emphasis was
placed on improving the overall integrity of the building envelope, which
includes walls, roofs, windows, and doors. This involves ensuring proper
sealing and reinforcement to prevent water intrusion and structural damage
during storms.
Elevation Requirements
In flood-prone areas, there may be
requirements for new homes to be built at a certain elevation to mitigate the
risk of flooding. This helps to protect both the structure and its occupants
from potential water damage.
Foundation Design
Building
codes may have been updated to include stricter requirements for foundation
design to ensure stability and resistance to storm surge and flooding.
Building Inspections and Enforcement
Enforcement
of building codes through rigorous inspections helps ensure that new homes are
constructed to meet these safety standards. This includes inspections during
different stages of construction to verify compliance with code requirements.
Work with a Real Estate Agent to Get your New Home
Your chosen Real Estate agent will handle counter offers effectively and be witness to the transaction and advocate on your behalf and not be solely represented by the New Home staff which are mainly looking out for the interests of the builder.
He can also represent your interests and negotiate on your behalf, when you sign in with the builder use your name as it appears on your Driver's License and tell the builder that you have a Licensed Real estate Professional that will be part of the negotiations.
Antonio Ortega, LLC REtonyortega@gmail.com
If you buy through him or sell if your property is valued at $300K or more he'll contribute10% towards you closing costs, details at the bottom of this article.
More Reasons to ad to your own as to why your New Dream Home in Florida is Good Idea!
Customization
New homes
often allow for customization according to your preferences. You can choose
floor plans, finishes, and even some design elements to tailor the home to your
tastes and needs.
Energy
Efficiency
New homes
are typically built with the latest energy-efficient materials and appliances,
which can result in lower utility bills and a reduced environmental footprint.
Modern
Features
New homes
often come equipped with modern amenities and features that may not be found in
older homes, such as open floor plans, smart home technology, and updated
kitchens and bathrooms.
Low
Maintenance
Since
everything in a new home is brand new, you're less likely to encounter
immediate maintenance issues compared to purchasing an older home. This can
save you time and money on repairs and renovations in the short term.
Warranty
Protection
Many new
homes come with warranties that cover structural defects and major systems for
a certain period, providing you with peace of mind and financial protection.
Community
Amenities
New home
developments often include amenities like parks, community centers, pools, and
walking trails, fostering a sense of community, and offering recreational
opportunities for residents.
Lower
Interest Rates
Some
developers might be Buying Discount Points to make the new home more attractive.
Resale
Value
A new home
typically holds its value well over time, especially if it's located in a
desirable neighborhood or if you've chosen popular features and upgrades.
Peace of
Mind
There's a
sense of satisfaction and peace of mind that comes with owning a new home.
You're the first to live in it, and you could create lasting memories and
experiences in a space designed just for you.
Right now while interest rates are high, inventory of new homes have doubled builders are buying points to bring interest rates down and lowering prices, making it a good time to buy a New Home.
And you just move in, you don't have to spend $100,000 or more updating the house!
Appreciation
Potential
While not
guaranteed, new homes in desirable locations may appreciate over time,
providing a potential return on your investment if you decide to sell in the
future.
However,
it's important to consider factors like location, budget, and personal
preferences when deciding whether buying a new home is the right choice for you.
How Much will my New Florida Home be worth in 10 years?
In the period of time from 2018 to 2023 Residential Real Estate Prices increased by a whopping 20% per year or close to 100% by 2023.
Is as though the world has taken notice and every one wants to move to Florida!
Going with a very conservative appreciation rate for Homes of 3.5% per year you can expect a $500K Home to appreciate to:
5 years $594K
10 years $706K
20 years $1 Million
Due to low interest rates and other issues home values in Broward County FL increased by at least 20% in 2021, so as you can see this is a conservative estimate of future value, we might get another interest rate decrease soon, we’ll have to wait to see how the home market will react, it is impossible to predict the future, we can only look back.
How you
Should Prepare to Negotiate:
Research
Comparable Properties
Before
entering negotiations, research the prices of similar homes in the area. This
will give you a benchmark for what a fair price would be and provide leverage
during negotiations.
Understand
the Market
Be aware of
market conditions in the area where you're buying. In a buyer's market (where
there are more homes for sale than buyers), you may have more negotiating
power, while in a seller's market (where demand exceeds supply), sellers may be
less inclined to negotiate.
Identify
Areas for Negotiation
Determine
areas where you may be able to negotiate, such as upgrades, closing costs, or
financing terms. Builders may be more willing to negotiate on these aspects
rather than the base price of the home.
Get
Pre-Approved for a Mortgage
Having a mortgage pre-approval shows builders that you're a serious buyer and can afford the home. This can strengthen your negotiating position.
Emotional
Distance
Buying a
home can be an emotional process, and it's easy to get caught up in the
excitement or stress of negotiations. Your agent can provide objective
guidance, keeping your priorities in mind and helping you make informed
decisions.
Access to
Resources
Real estate
agents have access to a wide range of resources and tools that can support
negotiations, such as market analysis reports, industry connections, and
negotiation strategies.
Representation
Your agent
acts as your representative throughout the negotiation process, advocating for
your interests and communicating with the builder or their representative on
your behalf. This can help streamline communication and avoid
misunderstandings.
Post-Negotiation
Support
Negotiations
don't end once an offer is accepted. Your agent will continue to support you
through inspections, appraisals, financing, and closing, ensuring a smooth
transition to homeownership.
Stay
Flexible
While it's
important to have a target price in mind, be open to compromise and consider
other factors such as the quality of the home, location, and amenities offered.
Negotiate
Timing
If the
builder is eager to close a sale quickly, you may have more negotiating power.
Conversely, if the builder is in no rush to sell, they may be less inclined to
negotiate.
Remember to
approach negotiations with a respectful and collaborative attitude. Building a
good rapport with the builder or their representative can go a long way in
reaching a mutually beneficial agreement.
10% from Antonio Ortega, LLC's Commission to Help you with your Closing Costs
Mention this article and I’ll contribute 10% of my Commission towards your closing costs if you are buying or selling a property that's more than $400K which will be the same as cash to you and could be a substantial amount, once you successfully close on your new home and have Antonio Ortega, LLC as your chosen Licensed Real Estate Professional and he receives a commission from the builder for his work.
In addition I'll also pay for the $400 Transaction Fee that my Broker and most Brokers charge.
When signing in with the builder use your name as it appears on your Driver's License, they will ask again to see your Driver's License when you Close on the Home.
Include my name as real estate professional Antonio Ortega, LLC representing you.
This offer applies to existing homes as well and will terminate soon!
Once we start negotiations, I will let the builder know to take 10% of my commission and apply it to your closing costs, that you will have to pay cash for.
See Details, I will Contribute 10% of my Professional Fee toward your Closing Costs!
How to Get Ready to Buy:
Thank you for the trust placed in me,
Antonio Ortega, LLC
Contact me
and ask me about New Homes in Florida.
Click Here to Contact Us
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