Protect Yourself: Use an Agent When Buying from a Builder

  Q: Do I need to hire a real estate agent to represent me when I buy a new home from a builder?  A: Legally, no. But if you don’t, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money. There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex (and go beyond the scope of this blog post), here are a few highlights: Market Value Compared to Purchase Price: How much money

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Building a new home in Central Ohio?

Thinking  of building a new home? Not sure how to start? Put my new home expertise to work for you by allowing me to guide you through the process. I have had vast experience with new home building throughout my 34 years in real estate. Whether custom or production, I can help make the journey easier.   Browse communities, floorplans and builders in the Central Ohio area on my new home site. Find out prices, availability, home sites and special deals. Save your favorites. This is your one stop shop for new homes in Central Ohio: http://showingnew.com/teresabutler

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Builders Predict Big Expansion in Construction

Construction of single-family homes is expected to gradually rise this year, as a growing economy, solid employment gains, and rising household formation buoys builders’ forecasts. Last year, the National Association of Home Builders projected 1.16 million total housing starts in 2016, which was up nearly 5 percent from the previous year. Now NAHB is forecasting a 10 percent increase in single-family production for 2017 and a 12 percent rise for 2018. Still, there will be pressing challenges as builders look to increase their supplies this year. “While positive developments on the demand side will support solid growth in the single-family

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Which Is Cheaper: To Buy or Build New?

On the surface, buying an existing home seems like the most affordable route to go. After all, the median cost of an existing single-family home is $223,000. On the other hand, the average cost for building new construction averages $289,415. Obviously, there is quite a bit of variations in sorting out those costs. Plus, the price you pay upfront is only part of the equation when deciding to buy an existing home or build a new one. A recent article at realtor.com® laid out some of the pros and cons financially of buying a new versus an existing home. Make

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Do I Need a Real Estate Agent to Buy from a Builder?

Q: Do I need to hire a real estate agent to represent me when I buy a new home from a builder? A: Legally, no. But if you don’t, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money. There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex (and go beyond the scope of this blog post), here are a few highlights: Market Value Compared to Purchase Price: How much money are

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New Homes Are Getting Bigger Again

The average single-family home increased in size at the beginning of this year, showing the desire among buyers for more space, according to the National Association of Home Builders. The upsizing trend runs counter to last year, when the increase in home size had leveled off. The average square footage of new single-family homes rose from 2,677 square feet in the fourth quarter of 2014 to 2,736 square feet for the first three months of this year. The increase came at a time when there was also a decline in the volume of construction. “Since cycle lows and on a

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The Top 10 Features for New Homes

The outdoor kitchen and two-story foyers are starting to lose favor among new home shoppers, while energy efficiency and bigger closets are gaining in popularity, according to a new survey from the National Association of Home Builders. NAHB asked builders to rank home features from 1 to 5 on how likely they were to include them this year in single-family homes they build this year. An increased interest in energy efficiency is decreasing interest in two-story foyers and rooms, Rose Quint, NAHB’s assistant vice president for survey research, told MarketWatch. “Consumers consider those spaces to be energy inefficient,” she says.

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New Homes Get Supersized

The median size of a completed new home last year bloomed to a new record – 2,415 square feet, according to the Commerce Department. But will the supersize trend stick? During the recession, home sizes got smaller as builders downsized new homes to compete with the flood of discounted foreclosures on the market. The downsizing trend had some housing analysts believe it would be a lasting one, lingering long after the recession. “All the pundits said ‘the McMansion is dead,’” Douglas Yearley, chief executive of Toll Brothers Inc., a luxury home builder, told investors last fall. “But the American dream

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Hot Trend Watch: Tiny Homes

Could you imagine living in 97 square feet? Tiny houses – some might even call them teeny-tiny – are growing in popularity among buyers in the second home market. Some are even making them their primary residence. Leaf House, a tiny home builder based out of Whitehorse, Yukon, Canada, has downsized from its 215-square-foot house that can sleep a family of four, to it’s most recent 97-square-foot model. The smaller version is constructed with vacuum insulation panels and is designed to withstand the extreme cold. “Being so well insulated, the tiny house doesn’t need a lot of heating; In fact,

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4 Things to Consider When Picking a Floor Plan

Factors that dictate what floor plan will work best for a home buyer include how old their children are, how they entertain, and whether they have pets, says Jeff Benach, a principal with Lexington Homes in the Chicago area.Here are some issues Benach suggests considering when buying a home: Mudrooms. A spacious mud-room can make managing a young family’s comings and going much easier. They are also good for pet owners. Over-sized kitchen/family-room combinations. These rooms work for some people, but they aren’t good for party givers because large spaces are noisy and don’t lend themselves to intense cooking and

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