What To Know About Buying A Home For Sale In A Pre-Planned Community

Posted on: 26 August 2021

The new home construction industry is on the rise, as these projects recently experienced a 19% uptick in a single month. When you're looking into new homes for sale, buying into a pre-planned community carries so many benefits. These properties allow new buyers the opportunity to make several decisions on everything, from cabinets and paint colors to floor plans and amenities. In this article, you'll learn more about purchasing a new home for sale in a pre-planned neighborhood. 

What makes buying into a pre-planned neighborhood a great idea?

For one, you are getting a brand new construction home without necessarily paying as much as you would to hire your own builders. In a pre-planned community, builders are expanding the neighborhood by a certain number of units no matter what. If you put in an offer, you get to not only secure a place in that neighborhood but can work side-by-side with builders on a variety of features and decisions.

In addition to a fresh property and customization, a new home is also cheaper to own. Homeowners typically pay between about 1% and 4% of their home's value on ongoing maintenance. You can expect your maintenance to be on the lower end when you purchase a brand-new property. Pre-planned neighborhoods may also come with a homeowners association (HOA) that takes care of the landscaping, upgrades, individual household repairs, and other matters.

What should you look for when mulling your options?

Put together a dream list of items that you would like to include in your brand-new home. Consider the quality of life benefits in addition to how much equity certain decisions can add to your property values. When you are thinking about putting in an offer, the community will lay out a plethora of options for you and will seek your input every step of the way. 

If you're buying a home that hasn't yet been built, you can typically browse a model unit, while also going through a variety of details you can incorporate into your new home. Many of these communities also provide virtual tours that let you get a visual of how your new home might look. Take time to speak to community managers and look into putting in an offer, along with a down payment that will secure the home for you. 

Are you prepared to close on a new house for sale? Consider these tips and start researching some pre-planned communities today. For more information about different homes, like Arbors homes, for sale, contact a local real estate agent.