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New Build or Resale?
Firstly, new construction. The majority of new homes built today are in Planned Unit Developments or PUD's. The most obvious advantage being that the entire community will be built and completed to a set time scale by one or two builders who offer a uniform look to their designs. This is not to say that they will lack imagination. A Florida builder may offer over twenty or thirty different home designs and elevations for each development. A secondary, but important, consideration, is the creation of a Homeowners Association by the builder to regulate and maintain the common areas. Once the development is built out, the association is handed over to the residents and administrated by a professional management company. This arrangement ensures continuous upkeep of the community.
Other advantages are that, in some cases, existing floor-plans can be modified to the clients’ needs. This can be especially useful when planning some types of improvement, for example, adding a fourth bedroom without enlarging the total area of the house. Additionally, you are assured that all appliances and carpets are new, and no further expenditure should be required for some years to come. One concern on a new property may be adjacent building work and its initial effect on rentals. We can advise upon this when choosing a building plot, which would ideally be in an almost completed section of the development.
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