Today I filmed the video below from one of my newest listings: a new construction in Southside Village located in the beautiful neighborhood of West of Trail.
While the best values in the market continue to be homes that need moderate to extreme renovation, demand has been increasing for new homes in Sarasota’s most desirable neighborhoods.
Cost Efficient, Energy Efficient, Lifestyle Efficient
The catalyst for this has been the re-pricing of land and properties we’ve seen in recent years, where the houses have become functionally obsolete. As a rule of thumb: once the land value becomes 70% or more of the total property’s value it is opportune to build new.
Some of the reasons to build new also include comfort and livability. Today’s new home buyers like larger bathrooms and closets. However, more importantly, they like the higher ceilings and greater openness that comes with a new home. Another focal point of the house, the kitchen, has now been redesigned and accessorized to stand next to or to replace the living room in today’s new builds.
Cash and Eco Savings on New Homes
Another reason to buy new is a much lower cost of ownership. Insurance and energy costs will be significantly lower in a new home. For example, the insurance on a new home can be 30-60% lower than a house built just 10 years ago.
With greater emphasis on energy conservation and more innovation in building materials – utility bills can be, at the very least, 30% lower.
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A Brand New Start
Finally, a new house just feels new and fresh. For some, being the first family to live in a new house and make it their home is incredibly rewarding. And during this season of giving – maybe it’s your time to give yourself the gift of a new home: 941.587.0740.
