To Buy Or Build In Lakewood Ranch...That Is The Question
You want a new home in Lakewood Ranch, but you’re not sure whether it’s best to build a new one or buy an existing home. The first thing you should do is identify your priorities. Do you dream of a customized house built from the ground up or living in a house already built in an established neighborhood?Before you make up your mind or put in an offer, take the time to prioritize the following:
• Location - Can you find a lot to build on in your desired location? If not, are you willing to consider a different area if it means you’ll get a house tailored to your specifications? If you’re extremely location focused, you might have to give up the idea of building your perfect house and concentrate on available homes in the area.
• Timeline - How flexible is your timeline? If you absolutely need to be moved into your new home in Lakewood Ranch on a certain date, don’t even think about building. Building a house sometimes extends past the estimated completion date. If your timeline isn’t flexible, it might be time to start looking at existing homes.
• Renovation - Are you willing to renovate an existing house? With property values lower than the cost of new, custom construction, renovating an older house may get you a lot more bang for your buck. However, do your homework first to find out exactly what needs to be done and at what price because renovation costs can skyrocket if you run into unexpected problems.
• Communication - Do you have the time to monitor the construction process? You’ll need time to drop by the building site on a regular basis to make sure everything is going according to your plan.
• Resale Value - Are you likely to re-sell your new property in the relatively near future? If so, you might be better off buying an existing house. In new construction neighborhoods, most potential buyers will be thinking about building instead of buying.
Ultimately, you can get a lot of satisfaction from either choice — just make sure you know what you want to do. If you need help deciding whether to build or buy your new home in Lakewood Ranch, call Lakewood Ranch Realtor® Ellen Ferber Evans at 941-773-6907 or Alan Evans at 941-773-6906. You can email us at aevans15@tampabay.rr.com.
REMAX Alliance Group, 5411 University Parkway, Sarasota, Florida 34201.
Links:
Timeline
http://www.repair-home.com/resources/home-building-timeline.html
