New Home Construction on the Rise in South Mountain and Laveen
Like automobiles, many consumers prefer new construction as opposed to re-sale homes. Our community is well stocked in new home communities. Buyers are saying they are buying new-build homes because of the new energy efficient construction, the most current styles, updates and the fantastic location. The sales representatives shared with me that many buyers are moving to a new home because it is a more-affordable alternative to re-modeling their current home. Others desire to get closer to work and love the idea of being able to hike and bike in their own backyard at South Mountain Park/Preserve and the canals. These communities are also minutes from freeways, downtown, ASU, Sky Harbor Airport and the east and west valleys. Finally, the views are stunning, city lights and mountain views are available in most of our new communities.
The majority of the new homes available in the Phoenix Metropolitan area are located on the outskirts, where builders can still find vacant land to build on. There is little land available close to central Phoenix. Other than looking south, there is a limited inventory of new centrally located homes available–other than a very few infill projects. The prices in South Mountain and Laveen are also priced the same or less than the homes in the outlying areas. This location cannot be beat for proximity to other parts of the Valley as well as recreation, shopping and dining
The cost and hassle of remodeling makes buying a new home a great option. To update a kitchen and bathrooms can easily cost $25,000 to $40,000. Investing that much money in an older home may not add value to the home that is equal to the amount invested, or price the home out of the current values in the neighborhood. In other words, the investment would not yield a return equal to, or more than, the amount invested. It is difficult–and sometimes impossible–to add energy-efficient options to an existing home that are being offered by the new home builders. In most cases it makes better sense to buy a new build than remodel, not to mention the mess and hassle of remodeling.
Many of the new neighborhoods are gated, some offer community swimming pools and open space for dogs to run and playgrounds for children, community gardens and areas for soccer fields, and barbeque and picnic ramadas. Inside of the homes, buyers will be excited to see open floor plans with kitchens including islands, quartz and granite countertops, tile backsplashes and up-to-date stainless steel appliances. The latest tile and wood tile flooring is available and the new contemporary colors and styles are the buyer’s choice. Other standard options are smart homes that have all of the new technology so that owners can control the home from their smart phone, open, modern floorplans with recessed lighting, split floor plans, nine-foot ceilings, six-foot panel doors, radiant barrier roofs, high-e windows, energy efficient insulation and air-conditioning units.
The homes range from low maintenance with small yards to those with one-quarter-acre lots or larger to accommodate those looking for a large yard to entertain and play in. There are one- and two-story homes that range from 1,400 to over 3,000 square feet. Prices start in the low to mid $200,000s and there are many incentives to make it easy to purchase. Interest rates continue to remain at an historic low and these builders are offering incentives to pay for upgrades, closing costs and offer low down-payment assistance. Some buyers are getting into a new home with as little as $1,500 down and many of these neighborhoods are eligible for loans that offer from 4% to 10% down-payment assistance. It is a great time to buy a new home and enjoy a lifestyle with the new styles, floorplans, lower utility bills and the security of knowing your home is new and under warranty.
For more information on which neighborhood is best for you go to carlieback.com or call 602-481-5184.