Tuesday May 5, 2015
One of the biggest hurdles of the home buying process is to decide new home versus resale homes. Each has its advantages and disadvantages but in this competitive market, all options must be considered. Let’s dive into a few considerations buyers sort through in the home selection process:
Usually if you are buying resale, you are buying into a well-established neighborhood with an established school district, retail, and amenities. Generally with a new community, you are the start of a growing neighborhood that will hopefully develop into a well-established and desirable area. The Grove at Falconhead is slightly different as it is located in a well-established community in Bee Cave, with an outstanding school district (Lake Travis ISD), and privy to numerous retail, recreational, and other amenities. So here at The Grove at Falconhead, you can have the best of both worlds.
In established neighborhoods, many homes have gone through interior and exterior changes based on the homeowners taste. These neighborhoods have an eclectic and unique character that is not regulated by the HOA often times resulting in questionable taste. In most new neighborhoods, exterior styles are generally cohesive providing a sense of community and uniformity while the interiors are often customizable to the buyers taste. Inspired by Tuscan villas, the style of The Grove at Falconhead is classic yet luxurious and Tuscan elements are evident throughout the home however each home maintains a unique character through its varying exteriors, interiors, and floor plans.
When buying a resale home, buyers need to be aware that what you buy is what you get and you may be signing up for a long ‘to-do’ list. The benefit of a new home is that it is new! All new homes come with a home warranty guaranteeing the quality of the home’s features. Additionally, you can customize the majority of the interior of the home to your standards and likings ensuring you no remodeling after move in. The Grove at Falconhead is new and it is also a unique community in that the HOA allows for low maintenance living as full lawn maintenance is included in the monthly fee.
In a resale home, the buyer is aware of the home’s condition and understands the quality of the build. The advantage of new homes is that you have the luxury of researching the builder prior to your purchase. In either case, it is important to research the builder and understand its history, quality of its construction, and satisfaction of its current homeowners. Ash Creek Homes has built over 600 quality homes in the Austin area for the past 30 years and has seen dozens of repeat buyers who only buy homes built by Ash Creek Homes.
Unless the home has recently been remodeled, resale homes can be dated in terms of technology that affords an efficient home. When purchasing a resale home, understand its efficiency and ask questions regarding the types of windows used, HVAC system, air barrier system, and ventilation system. New homes a generally built to higher standards and use the latest technology in home building which provide for an efficient and healthy home. Ash Creek Homes builds each of its homes to comply with the Austin Energy Green Building program and is rated on the performance of each home in the following categories: water, energy, materials & products, health & safety, and community; these ratings ensure an efficient and healthy home.
For some buyers, timing is everything. With resale homes, often times you can move into the home immediately but more than likely you will have to wait 30-90 days for the seller to move out. When purchasing new home, buyers can buy a spec home that is already built, finished, and waiting to be moved in immediately. Or if the buyer wants to have more input in the finishes of the home, they will have to wait for the home to be constructed which can take anywhere from 3-6 months. Because Ash Creek Homes guarantees to meet high building standards through the Austin Energy Green Building program, homes usually take 5-6 months before the buyer can move in.
If you are in the beginning stages of your home buying process, it is important to evaluate these categories as well as many others to determine whether a new home or a resale home is the best fit for you. Ash Creek Homes is always on the build! To learn more about communities built by Ash Creek Homes, please visit www.ashcreekhomes.com.