The Pro’s & Con’s of New Developments
by admin on June 20, 2008
There are many benefits and burdens that go along with building a home in a brand new development which is still under construction. One of the advantages include getting in on the ground floor with a rock bottom price. Another is that there may also be more lots available to choose from. Some of the disadvantages include dealing with the noise and dirt for an unknown amount of time. Often a development will take several years to be built out. During that time, you will be exposed to the construction workers, noise, traffic and associated debris. Your neighbor’s homes may be built much later than yours which exacerbates the problem. You may have to endure a lack of grocery stores, restaurants and banks also if the new development is on the fringe of the city.
I have personally built 3 homes in new developments. I have experienced anywhere from 12-24 months of construction traffic and noise. For the first home I built, the developer built all the homes in a row, so that all of the neighbor’s homes were built at the same time. That is ideal. In the last home I built, the developer built homes randomly around the neighborhood. As a result, the home next door to me was not even started until 6 months after I moved in. It took almost 10 months for that home to be built. Most construction trades start at around 6 am with the banging, hammering and music (many weekends included). It was also common for the construction workers to leave garbage on my yard, block my driveway, walk on my plants – you name it!
Having said that, would I do it again? Yes I probably will build again in a new development. For me, the pricing advantages outweigh the negatives. However, any purchaser needs to be realistic about whether all the associated negatives would be worth it to them.
Marc Brodeur
Realtor
Keller Williams High Desert Realty
1-800-300-0263
www.ThePhoenixExperts.com
