7 Pros and Cons of Buying a New Home in Oviedo

Oviedo Real Estate Pros and Cons

Oviedo Home Shopping

Buying a home in Oviedo is like going on an adventure. The city is known for its hometown charm and that has caused such a large surge in people moving here that several new developments are currently underway. This means that people who are looking for real estate in Oviedo must answer one central question. Do they want to live in an existing home or are new homes in Oviedo more their style?

There are many benefits that come from choosing a new home in Oviedo. However, there can also be a few drawbacks. By exploring the potential pros and cons, you can be certain that you’re making the right choice.

Pros

1. It’s Customizable

If the new home hasn’t been built yet, then you can have a say regarding what features your home will have. Even things as basic as the floor plan can be customized to suit your precise specifications. You can add a reading nook to the master bedroom or make certain that you have a clear line of sight from the kitchen to the family room. You’ll also have the option of upgrading the various finishes in your home. If you want granite countertops in your kitchen, you can certainly ask for them. It may cost a bit more, but it makes your home much more personalized.

2. Low Maintenance, High Tech

One of the biggest advantages of new homes in Oviedo is that they are the low-maintenance choice. From the roof to the water heater, everything in your home is brand new. This means that nothing should need major repair for several years to come. Additionally, you’ll have new, more efficient appliances that are prepared to stand the test of time while also saving you money. A new home is also more likely to be equipped with smart technology that lets you automate things like the HVAC system, the Internet, cable and security.

3. Full Warranty

Things are much less likely to go wrong when you choose new construction. However, if anything does need to be fixed, you’ll have the peace of mind of knowing that your entire house is under warranty. Any repairs are going to cost much less than they would if you chose an existing home.

Cons

1. They Cost More

A new home will save you a lot of money in terms of maintenance and upkeep, but the price tag is bound to be more expensive. In fact, new homes tend to cost as much as 20 percent more than existing construction. This will translate to your home costing significantly more over the life of the mortgage.

2. Smaller Lots

If you’re determined to have a big yard, then a new home may not be the right choice for you. Lots have become increasingly smaller in recent decades, which means you may not have as much yard or as much privacy.

3. Home Owners’ Association

A house in a new development is all but guaranteed to come with a Home Owners’ Association, or HOA. This means that you’ll have to abide by certain rules and restrictions in addition to paying monthly fees. Some people appreciate that an HOA can put limitations on exterior paint colors and make certain that yards are kept tidy. Others are troubled by these restrictions and don’t like having to pay a monthly fee.

4. Construction?Time

If you need to move in a hurry, then a new home may not be for you. An under-construction property can take six months or longer to complete. Sometimes, waiting that long just doesn’t work out for the home buyer.

New Home Communities in Oviedo:

Beautiful new homes in Oviedo are coming on to the market all the time. Contact an experienced, local Realtor to find the one that’s perfect for you. With our assistance, you’ll make an informed decision about whether new or existing construction is right for your family.

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