Village Real Estate

Archive for the ‘New Construction Homes’ Category

If you are like many people across the State of Florida, you may have found yourself very interested in purchasing Tampa Florida new construction real estate. In point of fact, when it comes to new homes in Tampa Bay there are a number of different options for you depending upon what your own housing goals and needs are at this point in time.

Naturally, one of the most common trends associated with new construction involves gated communities. Many real estate experts actually consider the State of Florida to be the birthplace of the gated community. True or not, in looking at new homes in Tampa Bay, there are numerous newborn gated communities sprouting up in and around this metropolitan area.

When it comes to new homes, there are many individual gated community concepts that are available to people like you who are seeking an appropriate residential community. For example, there are gated communities that have been developed specifically for men and women who are in what might best be described as The Golden Years. Similarly, there are other types of gated communities that cater to the needs of other categories of individuals from different walks of life.

When considering new construction in Tampa Bay, residences with a view remain highly sought after. And, the view that people want more often than not are properties with a water view. As was the case in years now gone by, development along waterfronts continues to a notable element of the overall new home construction in the region. Because of the prime nature of this real estate, more often than not such properties do come with a noticeable price tag. With the dip in the real estate market at the present time, there are some instances in which a home buyer can get his or her hands on new homes in the Tampa Bay area for a less than anticipated purchase price.

Another notable trend in regard to Tampa real estate involves residential developments with families in mind. When it comes to this type of new homes, the focus is on three primary factors: schools, safety and green space. These developments all include access to well regarded schools, have lower crime rates and have incorporated parks and other types of green space in their overall design and construction.

Of course, if you are interested in the purchase of a new home you will want to engage the services of a qualified and professional Tampa real estate agent. Such a professional can assist you in identifying the most appropriate new property or development that will best meet your own goals and housing objectives.

Most people see new home construction in their neighborhood as a good thing. New homes typically help increase the market value of properties, so when someone in an older home goes to sell, they often can ask a higher price than areas without new construction. But too often the county takes that a step too far and assumes the assessed value of the older homes is the same for the new homes. Most of the times, this isn’t the case.

New homes have many benefits over older homes, especially when trying to sell. New home construction can incorporate many different features and amenities that are less expensive to include during the construction phase, where older homes would need to do a more expensive remodel to include the same amenities. Older homes have less resale value because they have been lived in, while new homes have that new smell, new look and “never-lived-in” quality many home buyers want. As a result, a new home can sell for 10 percent to 12 percent more than an older home.

But when the assessed values of the homes are equal or don’t take into consideration the difference in selling prices between the new and older homes, the older home owner gets assessed by the value of the newer homes. This results in the homeowner of the older homes paying more in taxes than is fair. This is called unequal appraisal. The county assumes because a new home next door to an older home is valued at a certain amount, the older home is worth the same amount also.

You have the right to protest your assessed value based on both market value and unequal appraisal. If you feel your property’s assessed value is too high, it’s your right to file a formal protest. You can protest your property value yourself, or hire a professional consultant to handle your protest for you. Either way, there’s no reason to pay more property taxes than is required by law.

Reduce your property tax by contacting Oconnor & associates. We also provide you real estate success tips.

You may find it difficult to decide on whether to acquire a new home or a resale home, as a home buyer.

New homes typically have a higher value than the existing homes .

Pros and Cons of a New Home

The major advantages when you decide to purchase a new home is that you can decorate your home. You will be able to pick and choose colors, floor plans, that range from paint to cabinetry selection . Newly Built homes have modern amenities and technologies .  However, when buying a newly built home, you have to prepare for the on-going construction, it may require you extra budget.  Your lawn and grass will not be included because some new home community do not have landscaping yet. Make sure to repair every crack you see on the walls . You may have to purchase for appliances, decks, humidifier, walkways, and pool for they are excluded in the price of built out .

Pros and Cons of Purchasing a Resale Home  Advantages and Disadvantages of Buying a Resale Home

The advantages of purchasing resale homes is that it can fit all of your wants in specific area and you may find it easier to move into an established neighborhood .

A resale home often provide mature landscaping, curtains, appliances, outdoor lighting and finished fencing. When you look at resale homes, you can already find out what kind of neighborhood you will be moving to. Another advantage to purchasing resale is if you don’t have enough time to build, a resale is the best option . You may have a chance to upgrade an existing home to increase its equity . A resale home will give you more value than a new home.

Now, we will talk about the disadvantages of a resale home . Resale homes can be outdated, so you will have set aside from your budget for updating the home . With older homes, you would need a roof replacement and you can also have troubles with older electric wiring. Old floor plans and smaller rooms can turn a buyer off .

As a home buyer, you are going to make a most important decision on whether to buy a resale home that is already on the real estate market or get a new home.