It’s fall y’all! Even though it doesn’t feel like it when I get into my car mid-afternoon and it reads 100 degrees. I don’t know about you, but I am sooooo over this lingering summer heat! So this New Yorker is going to fake it till we make it! We’re officially in “fall in South Florida mode” here in our home, and you could be too!
There are so many new developments in a range of price points cropping up in and around Boca Raton like The Bridges/ 7 Bridges, Tuscany, Boca Reserve, Canyon Trails and Azura, just to name a few – it can get a little overwhelming!
And I’ll tell ya – these developers know their business.
The houses are just. so. pretty! In fact, if you’re considering a new construction community, chances are, you’re already sold. Like a moth to a flame – shiny new homes with shiny new appliances are awfully appealing, aren’t they?
From buying my OWN home from a developer to helping clients and friends – here are the most important things I’ve learned when buying new construction.
Assess what you really need
Yes, 6 bedrooms + a media room + 3 car garage + a guest suite can seem AMAZING, but keep in mind that drives up the base price of the home (um, and who is going to CLEAN all those rooms – am I right, ladies?).
Unless you’re the Duggar family and really need all that space, assess the floor plans rather than the square footage. Are all of the bedrooms on the same level? Can you see the kids from the kitchen? A good flow will make your home that much more enjoyable.
Budget for upgrades
As you walk through the model homes, everything is pristine. It’s perfect, it’s ‘when-can-I-move-in-ready’. Keep in mind that these are professionally-decorated models showcasing the best of what the developer has to offer. Some of the things you’ll see won’t be included in the price of the home. This even includes the lot. Prime lots like Cul-du-sac or waterfront in a development can sometimes add $10,000, $20,000 or $30,000 to a list price.
Realtor Tip: ALWAYS go for location. I say this at least once a day “The only thing you cannot change about a house is its location.” Come resale time, someone may not want to pay extra for those wide-plank hardwood floors that you would have sold your firstborn to have, but you can bet you’ll recoup your investment on a prime lot.
Don’t hate – negotiate!
Some aspects of a home are much easier to add or modify while it is under construction rather than after you’ve already moved in.
What if you don’t like the developer’s countertop choices? Or hardwood flooring choices? It’s not always possible, but one benefit of working with a Realtor is helping you identify where there’s flexibility from the developer. Oftentimes, Realtors will have a rapport with the developers’ agents and be able to effectively negotiate on your behalf.
Timing is everything
Bear in mind that you’re buying something that isn’t built yet. If you’re expecting a baby, or moving from out-of-state, be sure to factor that into your approximations. (We know about this one – Our daughter Edison was born just a week after we closed on our new-construction home!)
HOWEVER, if you’re not particularly choosy on finishes or floor plan, it may be possible to snag a completed home whose sale fell through (or a model home if the development is sold out).
In addition to the above, here are some questions you should ask when shopping for a new-construction home.
What is the deposit schedule?
Developers typically require a deposit to secure your ‘spot’. Additional draws may be required depending on your upgrades (which are usually paid out of pocket). A sample deposit schedule could look like 10% at contract signing/ 10% at groundbreaking and the balance at closing.
What comes standard and what features are upgrades?
Your agent can help you get a list of standard features and, if available, a list of common upgrades and their associated costs.
What kind of warranty is there with the property?
In this situation, you’re often buying a home that is not completed. What guarantees do you have the home will be ready on time? Your purchase agreement documents should specify a completion date. However, many builders add provisions that make the completion date dependent on permit approvals from the municipality or availability of building materials from suppliers. There can also be additional charges if you’re unable to close on time if your lender isn’t ready.
Hope these tips are helpful on your journey if you’re planning to purchase new construction! Comment below if you have any questions!
Margaret Schaffer, The Modern Boca Real Estate Mom, is a REALTOR® living, working and raising two little ones in beautiful Boca Raton, FL!
Margaret is the Boca Raton/ Highland Beach specialist on The Samantha DeBianchi Team (as seen on Million Dollar Listing Miami)! For all your real estate needs- contact me at Margaret@DeBianchiRealEstate.com.
Margaret Schaffer- DeBianchi Real Estate – www.DeBianchiRealEstate.com.
Hi all! I loved reading and responding to all your comments on my ‘How Much House’ Post last month – (which you can read here). This week, I’m back to show my DIY side *revvs power drill* – I find my inner peace when wielding a paintbrush or getting crafty, so this week I rounded up my absolute FAVORITE ways that you can totally transform your space… wait for it… in a weekend. Temporary decorating ideas!
So whether you want to stage or spruce, these tips will make your home show-worthy in no time and no paintbrush needed!
You’ve probably seen decals in the form of owls, trees, butterflies and flowers in nurseries, but what you might not know that vinyl decals can be an awesome way to add graphic interest to a big. blank. wall – and they’re not just for the nursery. I especially love these for renters – using them in a living room or bedroom will add tons of pizzazz without putting your security deposit in jeopardy.
If you’re really on a budget- here’s the DIY option that I did for my daughter, Edison’s, nursery. Using a circle cutter and metallic contact paper (intended for appliances, if you can believe that) I created this darling polka-dot wall. (psst…You can read the full tutorial on my blog here.)
Faster and less permanent than hanging actual wallpaper, and certainly less cumbersome than stenciling a pattern, removable wallpaper comes in a variety of patterns and even textures like faux brick and grasscloth!
It’s great for adding a dose of personality to any space – try it for an accent wall, or add extra ‘wow’ factor by going all- out in a smaller space, like in a powder room or breakfast nook. Then, when your lease is up or you feel like redecorating – it just peels right off!
Hanging a gallery wall like this one is an inexpensive way to create visual interest, not to mention a fabulous conversation-starter! A gallery wall is equally at home over a couch, in a hallway or in a bedroom.
Structured rows with a series of similar prints (for example, architectural photos or botanical prints) add a sophisticated vibe, while a collage approach mixing frames and objects of different sizes, textures and colors is a first-class ticket to causal elegance. (Tip: Make your child’s artwork the star with a collection of white frames!)
At a minimum, curtains with coordinating pillows will make your room feel pulled together in a snap. IKEA sells fabulously inexpensive curtains and if you’re handy with a sewing machine, I love to use these curtains as an inexpensive source of fabric to make my own pillows. If you’re NOT handy with a sewing machine (or, let’s face it– who has time??) Sites like etsy.com have a wide array of accent and throw pillows in all the trendiest styles.
For a sophisticated neutral look (I like this one above for staging!), keep textiles to the same tone, and vary your patterns and textures within that color. To liven things up a bit – choose a pop of one bold color (like indigo) and keep everything else a complementary neutral. Accessories and textiles in the same shades add texture & dimension, and chances are you can use stuff you already have!
I love Home Goods and thrift stores for knick knacks that will really give your room that ‘finishing touch’ and temporary decorating ideas.
Looks like tile, but it’s actually vinyl! Online companies in addition to retailers like Lowes and Home Depot offer these peel & stick vinyl tiles of all shapes and sizes, literally.
They’re sold in sheets or as individual tiles and are fabulous for adding a kitchen backsplash or redoing a tired tiled floor (say that 5 times fast) on the cheap! These are phenomenal for renters who simply can’t stand their ugly floor any more, or to get you through while you’re saving up for the big reno!
These tips are just a few ways to show that no matter how stretched your time (or your budget) there’s always a way to bring your signature style home!
Margaret Schaffer, The Modern Boca Real Estate Mom is a REALTOR living, working and raising two little ones in beautiful Boca Raton, FL!