So far in the first four months of 2011, I’ve been fortunate enough to work with quite a few clients. What’s different this year than in the last few is that three of my clients have been first time home buyers.
There’s a certain excitement and enthusiasm that only first time home buyers have and it’s refreshing to work with them from time to time.
Working with these clients has necessitated that I really do all my research in the $250k new construction price range.
Here’s what I have discovered – right now, there are a lot of really nice Atlanta new construction homes out there in the $250k range. If one segment of the market has really benefited from the big correction, it’s been this one.
I’m finding nice sized homes, in the 2,200 to 3,000 square foot range, with two car garages and great interior finishes located in nice communities with very convenient locations. Some even have basements.
I’m seeing kitchens with granite counter tops, stainless appliances, good lighting packages, hardwood floors and high quality carpet. Exteriors with 1-3 sides brick and HardiePlank® siding which is a great exterior even for all four sides.
These homes are being built to new very strict high-end efficiency standards, including ultra efficient modern HVAC units, higher insulation levels and efficient materials and designs throughout.
In short, these homes are great! What you get now for a “starter home” is really greatly improved over what you used to get in the past.
Also, with most of these builders, if a buyer uses the builder’s partner lender, then the deals get really interesting. I’ve personally seen upwards of $17k thrown in including: all closing costs, loan rate buy downs, 2” blinds throughout the home, and washer/dryer and refrigerator included.
If you are looking for a brand new home with a great warranty, now is definitely a great time to purchase. You will get a lot for your money, a great deal on financing and closing costs, and the home will be built very well.
That’s what I’m seeing!