Is Buying A Home From A New Home Builder A Bad Investment?

Many home buyers often wonder whether it’s truly worth going out and hiring a home builder to build their property. This all depends heavily on what the home buyer’s intentions with the home are. If you are looking for only value, you should purchase an existing home. Existing homes provide great values because market value, taxes and closing costs are usually the only fees that go into the cost of the home.

One of the main reasons people like to have a home custom built is because they want to build their dream home, create something that is a true reflection of themselves and their family. Those that have new homes built can custom design the style, paint, layout, lighting, fixtures, wiring and virtually every other aspect of their new home. Hiring a custom home builder however requires a great deal of planning that is not necessary when purchasing a home built and already for sale on the market. There are many things you’ll need to consider when building… things such as, hiring a foreman / builder, having an architect design the home, acquiring permits and getting approved for a loan before the build process can even begin just to start.

Having a great realtor is essential, they can negotiate items like the inclusion of landscaping, foliage and window coverings into the final cost of a new home. The realtor may even be able to negotiate closing costs into the final purchase price of the house as well. If you don’t use a realtor, these fees can be a definite drawback. You would typically have to pay them out of pocket during the closing of the home. Keep in mind that these fees are being negotiated into the cost of the home by the realtor because you are paying more for that home than on a preexisting home.

The typical existing home can be purchased in Las Vegas for around $80 to $110 per square foot. Having a new home built from scratch usually starts at $128 per square foot. If you’re looking for a comfortable middle ground, you may want to consider purchasing a fixer-upper and paying a builder to make specific modifications to the property.

If you’re looking for a property, you should contact a knowledgeable and experienced real estate agent like Jillian Batchelor who is, bar none, one of the most trustworthy realtors in all of Las Vegas. Remember that it doesn’t cost the buyer anything in Nevada to use the services of a real estate agent. Jillian Batchelor and The Batchelor Group will make sure that you are protected in the event of any unforeseen problems during the home buying process.

About

Jillian Batchelor, and The Batchelor Group, consistently rank in the top 250 Realtors in the Las Vegas Valley. With 11+ years in the Real Estate industry, with thousands of pleased home owners and home sellers over the years. Jillian is one of the strongest working Real Estate professionals out there.