Having two listings in the Ironwood Crossing San Tan Valley subdivision has lead me to many conversations on the same subject. And that is, should a buyer go with a new build or a re-sale in Ironwood Crossing Subdivision? Every individuals situation is different but, from a dollars to dollars stand point, it is my opinion that a re-sale in this community is a much better value.
Take the Barcelona floor plan that Fulton Homes offers for example. Right now as a new build the base price starts at $234,000 and you will receive $8,000 in incentives. If you have ever bought a new build you know that base price quickly jumps when you pick out your options in the design center, lot premiums, and upgrades. In most cases you can plan on another the home jumping about $40,000 in price if you get the home you really want. These numbers are just a generalization, but most would agree the base price on a new build is far off from the actual cost you will end up getting out the door for.
Now let's run the numbers. After applying the incentive you have a base price of $226,000. Then add the $40,000 in design center, lot premiums, and upgrades and you are left with a final sales price of $266,000.
Not a bad price for a brand new home right? Or perhaps not, when you consider the other options the buyer has. For arguments sake lets take the Barcelona floor plan I have for sale at 41700 N. Eliana Dr, San Tan Valley. This home, like many others in the community is immaculate. It is as clean as a new build, because these homes and this community are still so new. In this scenario, the seller already took the lumps from the builder when they built. They had a $9,000 dollar lot upgrade, they put $14,000 into kitchen upgrades, they had the entire home wired with surrounds sound, they had a bonus room added for a 5th bedroom/office space, they had the garage extended 4 feet, as well as other options that would make this sentence longer then it already is. However that is not even the kicker. The kicker is they have already completely landscaped the backyard with, two natural gas stubs, high end synthetic grass, cool decking, rock, and trees. With that new build you can count on only getting a dirt lot with that high end sticker price! Oh, and let's not forget, you get all of this for $252,000, saving you almost $15,000 just in price, and the $20,000 you would have to spend in the back yard.
Long story short, if you can find a re-sale that is extremely clean, and has most of the upgrades you were hoping for, then it makes no sense to pay that inflated price they are currently charging. All to have less options, no back yard, and pay more?
Obviously, do your due diligence when considering a new build or re-sale, but if your heart is set on only a new build in Ironwood Crossing, San Tan Valley, I strongly urge you to at least explore your options in the re-sale market.