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"Home Construction, Real Estate Development" by Seth Taylor

Buying a new home?  You have two choices:

  1. New Build- a home based on a basic floor plan that is built to your specifications.
  2. Inventory Home- a home either under construction or already finished. (a.k.a. "Spec Homes")

Why purchase a new build?

  • You pick all the upgrades: Colors (within a builder's palette), Elevation (variable appearance), Fixtures, Cabinetry, Flooring, Countertops, and other extras such as landscaping and added features.

Why not purchase a new build?

  • You lack time- new builds can take from four months to a year or more to complete.
  • The Inventory home is more compelling.

Why Purchase and inventory home?

  • It's available now- or in the very near future
  • It's priced competitively- since the buyer has fewer options the builder will often offer better incentives.

Why not purchase an inventory home?

  • The options are not to the buyer's liking.
  • The location is less agreeable.

Currently there are many inventory homes on the market. One of my favorite builders has two hundred different single family homes with prices beginning in the 90's.

If you're looking to buy a new home in Arizona?  .... then give me a call, I'm your new homes expert. 

*************

Chuck Willman (480.292.0600) is an agent specializing in discovering properties appealing to first time home buyers and investors. Though based in the Phoenix, Arizona metro area he also deals in properties nationwide with clients from around the world.

Photo: "Home construction, real estate development 2" by Seth Taylor

 
This post has been included in Arizona Information
Post is included in group: 1031 Investments and Ideas

2 Comments on A Guide to Purchasing Inventory Homes vs. New Builds

Now a days I think inventories are the way to go. They upgrade them to the max and sell them dirt cheap. If you built the same one with them as a to be built you would often times pay $50-75k more.

01/28/2008 08:17 PM by Orlando & Lake Mary Real Estate Agent, First Time Home Buyers & Luxury Homes (RE/MAX Central Realty)


Yes Heather... most of my clients prefer the inventory homes. Great pricing and they can more accurately see what the finished product will look like. And... of course... the earlier move in is better than the question mark completion date.

01/29/2008 12:52 AM by Chuck Willman, Arizona Realtor®, ABR, TRC (Gentry Realty)


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Real Estate Agent: Chuck Willman, Arizona Realtor®, ABR, TRC (Gentry Realty)
Chuck Willman, Arizona Realtor®, ABR, TRC
Phoenix, AZ
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Gentry Realty

Office Phone: (480) 292-0600
Cell Phone: (480) 292-0600
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Tips for those seeking a home or property in the Valley of the Sun. Also a source for Investments, First time Home Buying, Relocation & International Properties. Page copy protected against web site content infringement by Copyscape
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