Builder communication frequency
Jennifer
6 years ago
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Summit Studio Architects
6 years agocpartist
6 years agoRelated Discussions
Thinking of Purchasing home in a brand new community... Pros/Cons
Comments (6)Here are my thoughts... The people that get in power on the board for your HOA are usually real idiots who will mismanage the funds and make everyone's life a living hell. It doesn't matter what the price range of the community is. You have to live with this. The maintenance fees can and will go up especially if you have a lot of ammenities and not a lot of homes to offset the cost. New construction homes typically come with no improvements so you have to put up some cash in the beginning for blinds, and appliances and whatever. If you have a reputable builder who gives a warranty... or not... you will be fixing minor (hopefully it's minor) stuff for the first year or so. If you're one of the first homes in the hood, you will be blessed with construcion noise for however long it takes to finish. Now for some plusses, you get to live in what sounds like will be a well maintained community consisting of well to do residents and your property will probably be very desirable years down the road long after the community is closed out. You get a new house for less than a custom build on a city lot. (usually) You get ammenities that you will probably never use but even if you do, it's a lot cheaper than building your own tennis court. And last but not least, having neighbors is kind of nice sometimes if they are nice neighbors. If you have kids, there will be other kids to play with and other social events. Things to look out for... The placement of your lot... make sure it's not at the beginning of the community or you will have a lot of traffic passing by you. On the other hand if you are way in the back you will have to drive slowly through the neighborhood anytime you want to get somewhere. Make sure you're not on a thoroughfare where people will speed and not on a corner lot where people run stop signs and drive on your lawn. Sizes can be decieving. Make sure the driveways are sizeable and there is adequate space between each lot for comfort. Look at all the other floor plans and make sure you've got one of the smallest ones. Never buy the biggest or most expensive home in a community! And make sure you don't have a lot of townhouse type things that might be potentially rented out if provided for in the rules. Last but not least, talk to existing residents either in this neighborhood or others the builder has done and ask them what their experience was like and if there have been any major problems to look out for. Ask them if the temporary management company is tending to community maintenance and responsive to phone calls....See MoreShould I buy a new construction home in a new community
Comments (28)opaone- Not sure where you live, but those economics don't apply in most of the areas I'm familiar with. One of my daughters has seen the market value of her 1930's home increase by about $500K in the last 5 years. Another daughter just bought a 75 year old house -- that has not been remodeled --- for more than ten times it's original cost...and it was a bargain. My first house was a 1950's suburban rambler that I bought for $45K in 1974, did some remodeling to, and sold for over $700K 15 years ago; the buyer started an update, but decided to sell 5 years after that for $1.3 million, even though parts of the remodel were only half done. My neighbor across the fence paid about $400K for a 1960's split level 8 years ago. He has done nothing to it other than paint the exterior, and expects to be able to sell it soon for at least twice what he paid. Some people do want new houses, but many people prefer the charm and building material quality of older homes. As long as they have been maintained, older home values keep increasing over the long term. I have been through more than one market cycle where my home lost value on paper, but it's always more than recovered. In fact, I've always lived in the suburbs and have done much better with buying and selling homes than any other thing I've invested money in. I'm sure some suburbs decline, but, in areas with decent economies, suburban homes still increase in price as young people are priced out of the urban market. They seek out these homes as their longer commutes make them less expensive than a similar house close in. The lower suburban price doesn't mean the houses are falling apart. I agree with you on the trend for people to want things close by and not have to drive as much, but those types of communities and infrastructure are starting to be built where I live by savvy developers who have figured out where our aging demographics are taking us. And these types of projects, while they may not have all the amenities of living right downtown, do offer an alternative to the grittier aspects of big city urban life. In fact, we have good friends who just sold their beautiful downtown condo with spectacular views to get away from noise and panhandling, and move to a home in a nearby suburb where many things are no longer within waking distance, but the living environment is more pleasant....See MoreBuying home in a Community without Swimming pool and Gym
Comments (9)My BIL and SIL live in one of those planned community and it sucks. You have to drive everywhere. Not safe for bicyclists because everyone’s driving. They have a nice community pool uphill from them, but it’s just a bit too far to walk in the heat carrying your gear (towels, ice chest with drinks, sunscreen, etc) and there are only two or three parking spots. So they built their own pool and spa for the winter. And they drive to a local gym, but they have plenty of space to create a home gym if they wanted to....See MoreContractor communication/delays?
Comments (3)In many markets, builders, remodelers, designers and suppliers are busy dealing with more demand than they can handle. Top that off with a world wide pandemic and an unhealthy dose of supply logistics issues and you'll find most folks are stretched pretty thin. If your builder isn't a good fit then by all means send them packing. Just don't expect there's another builder waiting in line behind them that's better or more available or willing to do your job for the same price....See MoreOne Devoted Dame
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