LITTLE ELM TEXAS NEW HOME SHOPPING
Buying a home in Little Elm is like going on an adventure. The city is known for its hometown charm and that has caused such a large surge in people moving here that several new developments are currently underway. This means that people who are looking for real estate in Little Elm must answer one central question. Do they want to live in an existing home or should they buy/build a new construction home in Little Elm?
There are many benefits that come from choosing a new home in Little Elm built by a builder. However, there can also be a few drawbacks. By exploring the potential pros and cons, you can be certain that you’re making the right choice.
PROS OF BUYING A NEW CONSTRUCTION HOME IN LITTLE ELM
1. It’s Customizable
If the new home hasn’t been built yet, then you can have a say regarding what features your home will have. Even things as basic as the floor plan can be customized, depending on the builder, to suit your precise specifications. You can add a wood floors to the master bedroom or make certain that you have a clear line of sight from the kitchen to the family room. You’ll also have the option of upgrading the various finishes in your home. If you want granite countertops in your kitchen, you can certainly ask for them. It may cost a bit more, but it makes your home much more personalized.
2. Low Maintenance, High Tech
One of the biggest advantages of new homes in Little Elm is that they are the low-maintenance choice. From the roof to the tankless water heater, everything in your home is brand new. This means that nothing should need major repair for several years to come. Additionally, you’ll have new, more efficient appliances and better insulated home that are prepared to stand the test of time while also saving you money. A new home is also more likely to be equipped with smart technology that lets you automate things like the HVAC system, the Internet, cable and security.
Some new home builders in Little Elm are offering cutting edge technology in the new Little Elm homes. E.g. The Connected Home by Lennar is the first Wi-Fi CERTIFIED™ Home Design that keeps you connected to the most desirable technology brand devices, all of which are included with your new home at an outstanding value. These include Baldwin® Evolved Smart Lock, Amazon Echo, Lutron Smart Bridge PRO, Ring Video Doorbell and more!
3. Full Warranty
Things are much less likely to go wrong when you choose new construction. However, if anything does need to be fixed, you’ll have the peace of mind of knowing that your entire house is under warranty. Any repairs are going to cost much less than they would if you chose an existing home.
Learn more about what is typically covered by new builder Little Elm home warranty here.
CONS OF BUYING A NEW CONSTRUCTION HOME IN LITTLE ELM
1. They Cost More
A new home will save you a lot of money in terms of maintenance and upkeep, but the price tag is bound to be more expensive. In fact, new homes tend to cost as much as 20 percent more than existing construction. This will translate to your home costing significantly more over the life of the mortgage.
2. Smaller Lots
If you’re determined to have a big yard, then a new home may not be the right choice for you. Lots have become increasingly smaller in recent decades, which means you may not have as much yard or as much privacy.
3. Homeowners Association
A house in a new development is all but guaranteed to come with a Homeowners Association, or HOA. This means that you’ll have to abide by certain rules and restrictions in addition to paying monthly fees. Some people appreciate that an HOA can put limitations on exterior paint colors and make certain that yards are kept tidy. Others are troubled by these restrictions and don’t like having to pay a monthly fee. Average HOA fee for new homes in Little Elm is around $100 per month.
4. Construction Time
If you need to move in a hurry, then a new home may not be for you. An under-construction new home in Little Elm can take six months or longer to complete. Sometimes, waiting that long just doesn’t work out for the home buyer.
LITTLE ELM NEW HOME REAL ESTATE NEWS
Top Little Elm New Home Construction Builders:
Drees Custom Homes
New Home Buying Tip: With historically low mortgage rates, it is a great time to start looking at builder homes. Contact us today!
Are you a first time new construction home buyer in Little Elm, TX? If so, make sure you take good note of the above market information By taking into account these market statistics, buying your first new build home in Little Elm TX will seem much easier and less stressful! If you have no selected a top Little Elm, TX Realtor to represent you in your home purchase, contact me, and I’d love the opportunity to interview for the opportunity to help find you your dream home!
If you are planning to relocate to Little Elm TX area including Plano TX and are planning to explore cities like Little Elm,TX, Plano TX, Prosper TX , Celina TX, Colleyville TX, Flower Mound TX or Southlake TX, contact us. Our excellent Little Elm Real Estate Services provided by top Little Elm Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent
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Updated October 3, 2017