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Why Buy New?
In 2012, rising home values and a boom in new home construction were encouraging signs of an economic recovery in Central Texas. The Austin area job market is gradually improving, and a feeling of optimism fills the air. After suffering through a few years of a stagnant real estate market, homeowners are once again listing their property for sale. A recent Internet search located around 355 homes for sale in Lakeway. This is a strong indication of a buyer’s market, which is a real estate cycle characterized by a large inventory of listed homes and eager sellers willing to negotiate. This is a great time to buy; however, lenders still have strict requirements to obtain a mortgage loan approval. When credit loosens up, homes will once again become a hot commodity, and sellers will have fewer reasons to offer concessions. So, if you want to take advantage of motivated sellers and purchase a property now, should you buy a new home or one that’s a few years old? Well, when it comes to homes, new is often better for a number of reasons.
Location
Developers of new communities often build near retail centers for the convenience of the homeowners. They may also choose land that borders parks or preserves in order to attract buyers who are interested in scenic views and an additional degree of privacy. The Spanish Oaks development feature beautiful Austin luxury homes and combines both of these factors with amazing vistas and close proximity to the Galleria shopping mall. Buyers who purchase during the period of pre-construction sales can choose a lot with a view of the Texas Hill Country or the meticulously maintained golf course; if you wait too long to decide, the most desirable lots may already be claimed.
Energy Efficiency
New homes are built with the most energy-efficient materials and techniques available. This not only saves you money on your utility bill, but it also makes your home a healthier place to live. In the winter, condensation can form when warm heated air meets the cooler attic air, and if this air is not properly vented, mold could form. Insulation is not what initially attracts a buyer to a property, but it's an important point to discuss with your builder.
Kitchens
Pre-construction homes are a blank canvas waiting for a homeowner to choose desired features. The easiest choice is to accept the standard features, but many homeowners prefer the upgrades. One of the most customizable rooms in the new house is the kitchen. You have the opportunity to choose the type and color of the cabinets, the countertops, the backsplash, the plumbing fixtures, the lighting, the flooring and the appliances. You may even be able to choose whether or not you want an island or a breakfast nook. Whatever the options, you have choices when you buy a new home; it can be exactly what you want it to be on the day you first get the house keys. When you buy an older home, you often have to hire a general contractor and wait for him to complete a remodeling job to your satisfaction.
Flooring
The style and color of the flooring add character and functionality to a room. Kitchens, bathrooms and entryways are usually tiled because they are vulnerable to stains and spills. There are more options available for the other living areas. The builder may have different grades and tints of carpet, and they may also offer additional choices such as hardwood, tile or marble. Ask for samples of the materials that you can take home and see how each complements your existing furnishings.
Amenities
Real estate sales fluctuate depending on the state of the economy, mortgage interest rates and the availability of credit. Buyers' preferences also change over time. Sixty years ago, people were happy in a one-bathroom home with a small kitchen. In today's market and sensibilities, these homes are difficult to sell. In a similar fashion, many people these days want to live in a secure, active community and are willing to pay for it. Gated communities are becoming more popular, and the more exclusive developments include hiking trails that are suitable for bikes as well as strollers. Discriminating homeowners understand the value of regular exercise and appreciate subdivisions that incorporate athletic facilities such as golf courses and pools. You never know what changes the future may hold, but at least the new homes are wired to accommodate foreseeable electronic advances. Come, talk to one of the Spanish Oaks sales managers, and take the VIP tour. You won't be disappointed.
