When it comes to Oviedo real estate, new property is special. You get the latest appliances, scratch free walls and zero funky smells from previous owners. However, building a new house comes at a high price. That’s why it helps to know what you’re doing when it comes to construction in South Florida. Otherwise, you can end up paying an arm and a leg for a new house.
The bad news is that the average price of homes for sale in Oviedo is continually rising. Yet, if you know how to shop the market, not unlike you would for a new Mercedes, you save plenty of money. It all starts with asking the right questions when shopping for real estate in the Sunshine State.
First, figure out what financial incentives you can rely on if you use a particular mortgage lender and/or title company. Do a little investigative shopping and comparative incentives from a few different lenders. Just because one bank is bigger than another does not mean they will offer you the best rates.
One business may save you thousands of dollars in costs on an Oviedo luxury home, while another will install a new garage door or laundry machine. You should always compare your options to make an educated decision, rather than a brash one.
If you are shopping around for homes for sale Oviedo FL, don’t forget that you are most likely seeing the most deluxe versions of houses. Normally, you will have to spend a bit more money to get the heated pool and security system that is seen in the model home. It’s important to figure out what amenities are standard, and which ones will cost you big buck in upgrade fees.
It is often wise to skip the fancy upgrades. You and your bank account are probably better off getting your own contractor to put in new carpet or install a new dishwasher. Whether it’s good or bad, you will most likely be paying out of pocket for your upgrades, rather than figuring the costs into your loan.
Make sure to inquire about upcoming projects with the community. Will there be subdivisions within your area? If you are one of the first homeowners in your community, you may be living in a construction zone with noisy machinery, workers, and plenty of garbage for the next year or so.
Discuss all the neighborhood’s rules and regulations with the seller. Can you put a satellite dish on your roof or have hurricane shutters professionally installed? How high does your fence have to be, and how much are the development’s monthly dues? These are all important factors that can sway a homeowner’s decision to buy.
Be sure to inquire about structural warranties that come with the home for sale Oviedo FL. Know your deductible and limitations for things like kitchen appliances and weather damage. A majority of new homes under construction come with a 10-year warranty.
Do not hesitate to ask for a construction company’s references. Inquire if the homeowners would rely on that company to construct another home for them and why. You can even search for the business’s previous reviews online, rather than simply relying on the references they provide. Even build up the nerve to knock on potential neighbors’ doors to strike up a friendly conversation about the community and its homes’ construction.
About Berkshire Hathaway HomeServices Florida Realty:
Berkshire Hathaway HomeServices Florida Realty has 42 locations serving 19 counties throughout Florida and approximately 1,800 sales professionals. The full-service brokerage, founded in 1999, is a wholly owned subsidiary of WCI Communities, Inc. Berkshire Hathaway HomeServices Florida Realty is ranked fifth in the Berkshire Hathaway HomeServices network and is the overall No. 1 fundraiser for The Sunshine Kids Foundation, having generated more than $3.1 million. To learn more about the best Oviedo real estate business, visit www.BHHSFloridaRealty.com today.
