October 30, 2024
New Construction
Navigating the new construction home market in the Greater Orlando area requires careful consideration and informed decision-making. With various options available, prospective buyers should be aware of several key factors that can significantly impact their experience and choices. To explore the key elements of purchasing a new construction home, check out this informative video that highlights important insights on builder selection, location considerations, and the advantages of professional representation:
Florida is an attractive state for new construction due to its favorable climate, rapid population growth, and strong economy. The demand for housing continues to rise, driven by both residents relocating from other states and an influx of new residents seeking the state's lifestyle benefits. Additionally, Florida offers tax advantages, such as no state income tax, making it appealing for builders and homeowners alike.
In 2024, Florida House Bill 623, titled “Builder Warranties,” was enacted to enhance consumer protection in new construction. This law, effective July 1, 2025, establishes clear guidelines regarding the warranties that builders must provide, ensuring transparency about coverage and limitations. Builders will also need to disclose detailed information about these warranties, allowing homeowners to better understand their rights regarding construction defects and warranty claims . For more information, you can read about the bill on the Florida Legislature’s official website here.
Understanding whether to work with a custom builder or a national firm is crucial, as each presents different advantages and challenges. Buyers must also weigh the benefits of building from scratch against purchasing a pre-designed home. With the complexities involved, having an expert agent can lead to a more successful and fulfilling journey toward homeownership.
When it comes to buying a new construction home, there are a few important factors to keep in mind:
When deciding between a custom home builder and a national builder, it's important to recognize key differences. Custom builders often provide a wider variety of materials, personal specifications, and unique floor plans. In contrast, national builders may offer standard plans across locations at a more predictable pricing structure. Buyers should discuss these options with their realtor to determine what best fits their needs.
Buyers face a choice between purchasing a spec home, which is a pre-designed option, or embarking on a custom building journey. Spec homes have all selections pre-determined, allowing buyers to move in quickly and start their interior design. Conversely, building from scratch offers complete control over floor plans and finishes but requires significant time and effort working with architects and designers. Each option has its benefits, depending on how much involvement the buyer desires in the construction process.
When navigating the new construction market, having expert representation is invaluable. An experienced real estate agent can help buyers understand the intricacies of builder contracts and offer insights into the various builders available in the greater Orlando area.
Professional representation is a critical component in making informed choices throughout the purchasing or building journey, reinforcing the idea that navigating this significant investment should not be done alone.
Whether you’re a longtime resident or a newcomer, ALIGN Real Estate guides you to your perfect place in Orlando. As trusted advisors, lifestyle curators, and local experts, we can help you navigate the intricacies of Orlando's real estate landscape and discover the perfect place to call home in this enchanted city. Call 407-565-9359 today!
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