Mike Salino
CHARLOTTE COUNTY REALTY

New Construction

For some time now SW Florida has been experiencing a serious shortage of pre owned homes for sale.

In recent months new home builders have been working to fill the gap and many new construction homes are now on the market or will be in the next few months.

A new home is a little like a new car.  Because everything is new the owner does not have to be concerned about deferred maintenance or damage to the systems or structure because - well everything is new.   

On the flip side there is the fact that like a new car which loses value as you drive it off the lot, a new house will drop a little in value the day you move in.  However the effect is less pronounced and over time, if the house is well maintained it will go up in value, unlike that new Cadillac.

Be aware that in many cases the price quoted for a new house may be "bare bones" and there may be a long list of extras and upgrades available which will push up the price.  However going back to the car analogy most builders offer incentives which will often include very competitive mortgage rates and downpayment assistance.  And of course paying cash and closing fast will usually get you a decent discount of the list price.

In our area there are at least 3 ways to purchase a new construction in our area.

The first which I don't really recommend is that you can buy a vacant lot and then find a local builder to build a house for you.  You will find that throughout much of Charlotte, Sarasota and DeSoto counties you can still buy a buildable lot from about $5,000.  

USE THIS LINK TO SEARCH FOR VACANT LAND

Just be aware that after you acquire your bargain piece of land that the cost of clearing the lot and impact fees will likely cost tens of thousands of dollars.  However if you still want to pursue that approach there are a number of local builders who can help you.

USE THIS LINK TO FIND A LOCAL BUILDER WHO CAN BUILD YOU A GREAT NEW HOME

Second approach is you can find many spec built homes scattered throughout the area on individual lots in various stages of construction.  These are mostly mid range homes from about $175K up and are mixed in with existing pre owned homes and are primarily in areas with no HOA.

The third option is to look in one of the many Planned Unit Developments (PUDs) that are springing up all over our area.  These are large developments with homes built by one or more large building corporations.  Homes can be more up market and will be similar in size and design within a specific community.  There will be a Home Owners Association providing community features and facilities (for a monthly fee) and with more emphasis on life style.  Some communities may be age restricted (over 55).

In general these homes are not listed on the MLS and therefore are not visible on a regular MLS Search.  You can use the search widget below to search for new construction homes in our area and throughout Florida.