The new construction market is doing well in Mobile, AL, with several large builders continuing to develop and build subdivisions, along with smaller builders who are building in the areas and price points that are moving in this area.
Benefits of New Construction
Owning a new home has many, many benefits. One of the most obvious is that everything is new! All of the systems, ie, heating/AC, plumbing and electrical systems are built to the latest codes, and a new homeowner doesn't have to worry about the cost of replacements for many years. Also, new homes come with new appliances, including a refrigerator in alot of cases, so the appliances are in good working order.
Another benefit is that the homes are built to the highest hurricane/wind standards. In the Mobile and Baldwin county areas, we have to consider that we will likely be faced with another hurricane at some point in the future. The building codes have been updated to ensure that homes can withstand a substantial hurricane.
Living in a new construction neighborhood also ensures that the homes around you are of similar construction and quality, which helps to maintain the values in the neighborhood, and is good for the home owner when it's time to sell.
Amenities in New Construction in Mobile, AL Under $200,000
Homes in this price range have lots to offer in the way of amenities. Based on the builder, the neighborhood amenities and the price point, some new homes have hardwood flooring, ceramic tile, smooth ceilings, granite counter tops, stainless steel appliances, and much more. And sometimes, a buyer can negotiate for more upgrades if the neighborhood isn't moving as quickly as it needs to, or the builder is finishing up in a subdivision.
In a new neighborhood, where builders are continuing to build homes, they are not as likely to negotiate prices as they are to negotiate for upgraded amenities. It is important to the builder to keep the values consistent in order to maintain the property values in the neighborhood. This is good for the builder, but it is also very good for the homeowners. You wouldn't want to know that your neighbor down the street got the same floor plan as you for thousands of dollars less. And, once that happens, appraised values can begin to decline.
Finally, a huge benefit of buying a new home is the fact that most builders will pay closing costs, points, etc. on behalf of the buyer. Usually, the buyer is required to use one of the builder's "preferred" lenders to do that, but it can be a huge benefit in that the buyer will have to bring a lot less money to the closing table.
If you want more information on buying a home, feel free to contact me anytime.