Should you buy a model home?

DSC_2383As construction winds down and developers pull up stakes, they’re often eager to sell off those prototype domiciles. Some buyers lie in wait until this time comes, ready to pounce at this upscale abode—and maybe score a deal at the same time. Others might be turned off by the thought of living in a slightly used home that has been trampled through by hundreds, maybe thousands of prospective buyers.

So what are the Pros and Cons of purchasing a model home? Lets take a look at both sides.

Pros

Convenience: You’re getting a move-in ready, never-occupied home with loads of upgrades—and you don’t even have to wait for it to be built. Plus models are already decorated and fully furnished. And because they usually offer the furnishings at a discount, you might not have to haul yours across town and into your new house.

Extra features– For a model home, the builder usually wants to go all out and make it look spectacular. They want to show off their building ability and they want to excite potential customers. However, the other houses in the subdivision might not be as good as the model home. Therefore, you can sometimes get a few little extra touches thrown in.

DSC_2368Larger floor plan– In addition to having nicer features, the builder will usually construct the house on a somewhat larger floor plan. They know that they are going to have many people walk through the house and they want the house to seem big. Therefore, a model home might actually be a little bigger than the other similar houses that they are building.

Bargaining power– When you buy a model home from the builder, you will usually have a little bargaining power. You can use the argument that the house should not be at full price because the builder has gotten a lot of use out of it. Hundreds of people could have walked through that house which contributes to wear. Therefore, you can offer the builder lower than they would take for one of the other new houses. If the builder is getting down to the end of their subdivision, they might be ready to get out and move on to another project.

No ‘settling’ repairs: A bit of settling is to be expected when buying new construction. Along with those creaks and cracks, there may be some minor repairs needed within the first year, too. But guess what? That’s not your problem!

DSC_2381Cons

The warranty clock has already started: New homes come with a standard 10-year warranty from the builder. But since a model home has been around for a few months or even years, that time is subtracted from your warranty coverage. Also, most appliances have a one-year warranty that may have already expired by the time the model is put up for sale.

Rushed construction– Many times with the model home, the builder might not have taken their time on the construction. They needed to get something up quick so that they could start selling units. If they rushed through the construction process, it could potentially lead to some flaws in the house. They might be testing out a floor plan for the first time and run into problems. While they might not be apparent to the naked eye, you might have some problems somewhere in the house. Make sure that you have a building inspector come through and look at the house first.

Slightly used– Even though the house looks good, it has still be used by the builder. Sometimes a model home can be open for several years every day of the week. Therefore, the heating and cooling has been going for that long every day. The carpet has been walked on and worn out. All of these concerns should be addressed before you buy.

There’s a lot of traffic: Models are usually located at the front of the subdivision—that’s the whole idea—and if it’s a corner model, that exposure to an exterior street often has significantly more traffic. A neighborhood pool or tennis courts are often near the entry, too, meaning extra noise and traffic in the area.

There will always be pros and cons when buying any home, but the pros definitely outweigh the cons when it comes to buying a model home.

So it all comes down to the basics. When considering a model home, ask yourself these questions: Does this floor plan really work? Will I save considerable money by not having to upgrade?

Advertisements

Stafford Place at Tampa Palms

77043b86594820b1b18669751405e6d7c-f3xd-w640_h480_q80CalAtlantic’s Stafford Place is the newest village to join the highly desired master-planned community of Tampa Palms. The location is close to all the major conveniences including I-75, restaurants, shopping, entertainment, golf and multiple county parks. Flatwoods Wilderness Park is just two miles away and Lettuce Lake Park is approximately 8 miles away. It is also just a short drive to all that the Tampa Bay area has to offer including; professional sports venues, the performing arts center, museums, and the gulf beaches.

CalAtlantic is offering a great selection of both one and two story floor plans. There are three single story floor plans that start at 1,866 sq. ft. and go up to 2,824 sq. ft. Two of the plans also offer an optional second story bonus room. There are 5 two story floor plans to chose from ranging in size from 2,571 sq. ft. to 3,852 sq. ft of living space. There are two fully furnished and decorated models on site to view. New home prices start at $337,990 up to $425,990.

The 2017 Home Owners Association fees are $62 per month and a yearly CDD of $487.26 per year.

The model homes are open to view Monday 11-6, Tues-Sat 10-6 and Sunday 12-6.

Click here if you would like more information about Stafford Place or if you would like to schedule a time to tour the community.

If you are not familiar with buying new construction and would like more information, please be sure to check out our blog post where we cover the basics of what you need to know.

 

 

Florida Hospital Center Ice – Cool off this summer

center_iceFlorida Hospital Center Ice has opened the doors to its new facility in Pasco County. A “puck dropping” ceremony was held prior to the official opening, where community leaders gathered to celebrate this new community treasure.

The new Florida Hospital Center Ice Complex, with its five rinks, is the largest ice complex south of New York State. It boasts 150,000 square feet of ice over three NHL rinks, an Olympic rink, a mini-rink and a batch of training rooms. The hope is to attract national hockey and figure skating competitions, while still keeping the rink open for public skating.

Rink officials said they’ve already lined up hockey tournaments, including a national adult tournament in April and the high school state championship in February.

The Tampa Bay Lightning will sponsor a recreational league that operates from Center Ice, as well as some camps and clinics. It won’t practice at Center Ice, though, as they have an arrangement to practice at the Ice Sports Forum in Brandon, which has two pro-sized rinks.

Fun for the whole family:

Public skating session days and times are subject to change. The cost to skate is $9.75 for adults, not including tax. Seniors, veterans and active duty military with valid ID pay $7.75 plus tax. Rental skates are $4.25 a pair plus tax. Family four-packs will be available for $40, which includes skate rental. Additional family members cost $10.
Mondays – 5 to 7 p.m.

Wednesdays – 8 to 10 p.m., adults only

Thursdays – 7 to 9 p.m.

Fridays – 8 to 10 p.m.

Saturdays – noon to 2 p.m.; 4:30 to 6:30 p.m.; 8 to 10 p.m.

Sundays – 1 to 3 p.m.; 6 to 8 p.m.

5 Steps to getting the most money for your home

1. Market Analysis and Consultationoriginal

Utilize strategies such as the Comparative Market Analysis (CMA) to ensure accurate market pricing, analyzing overall inventory, availability of financing and interest rates, and a wide range of analysis on comparable markets.

DSC_23722. Set Yourself Apart

Standing out from the competition helps differentiate your home from the competition. We do that by only working with other proven professionals that meet our level of expectation and service. Professional photographers and expert stagers who are the best in the field.

3. Massive Exposure

Exposing your home to a massive international audience who represent qualified buyers in your market area. Your home will be shown on over 1014 websites such as Zillow, realtor.com, Trualia, Yahoo! Real Estate, homes.com, Hotpads, etc.

More then 90% of buyers start looking for a home on the internet. Tap into the top real estate websites to get the most amount of visitors to find your home.

icon-set-social-media-icons-colours-mouse-over-and4. Social Media and Networking Strategies

The importance of social media in our marketplace to ehlp increase exposure for your home. Facebook, Twitter, Google+, Blogger, Pinterest, Craigslist, YouTube, Instagram and the MLS are just a few of places that should be targeted to increase the exposure for your home.

We also know that 70% of homes are sold with the help of co-op agents. For this reason we have developed a strategy to target buyers who are looking for homes similar to yours now.

5. Leveraging the Team and Resources

The team you chose should consists of fully trained full time professionals. They should consist of a whole team of transaction managers, photographers, inspectors, stagers, “ShowingTime” who are specialist in their field. This means instant responses to any questions or inquiries buyers or clients may have. Ever process has been optimize to bring you the highest price for your home in the shortest amount of time.

Ford’s Garage Opens in Wesley Chapel

fords-garage--now-open-visit-wesley-chapel-news.jpg-2Ford’s Garage has a menu full of over-the-top pub food. The restaurant is styled like a 1920s service station, paying tribute to a bygone era and industrialist Henry Ford, who spent his winters in Fort Myers, the hometown of Ford’s Garage.

Ford’s Garage debuted in the Tampa Bay region a year ago, with a location in Brandon. That restaurant has been so successful that the partners are planning three more restaurants in the Bay Area in addition to the newly opened Wesley Chapel location.

Ford’s Garage’s menu includes a variety of fresh, never frozen, prime burgers such as Ford’s Signature Model “A” and the Distinguished Gentleman. You can also custom build your own burger from the basic burger to the not so traditional burger with toppings like; deep fried pickles, fried shrimp, fried egg, or chipotle ketchup to name a few.

All burgers are served to perfection on a Brioche or European pretzel bun. Other menu items include comfort foods such as Chicken Henry, Pulled Pork Mac N’ Cheese and Mama Ford’s Homemade Meatloaf.

A variety of soups, salads, and sides are also available.

Ford’s Garage features an extensive menu of bottled and draft craft beer, including Tampa Bay Brewing, Cigar City, and Coppertail.

Ford’s Garage is located at 25526 Sierra Center Blvd. off of S.R. 56 across from the Tampa Premium Outlets. The hours are M-TH 11am-11pm, Fri & Sat 11am-12am, and Sunday 10:30am-11pm.

Esplanade – Resort Style Living in Starkey Ranch

This beautiEsplanade-signful gated maintenance free community is situated on 225 acres located within the masterplanned community of Starkey Ranch.  This exceptional neighborhood offers home owners the best of both worlds. Nestled adjacent to the J.B. Starkey Wilderness Preserve Esplanade offers beautiful well built home by Taylor Morrison with resort-style amenities all in a desirable location that is close to shopping, parks, golf courses and beaches.

A resort amenity campus is dedicated to Esplanade residents with approximately 6,000 sq. ft. planned to feature a fitness center, resort style pool and spa, fire pit, events lawn and more. A full-time on site Lifestyle Manager will be on hand to interact with residents and coordinate special activities, parties and events. Also planned is an adventure park playground where kids are sure to have a blast. Sports courts will also be available to Esplanade residents that include tennis, bocce ball and pickle ball courts. You can take your best friend to the community pet park; a great place for dogs and their owners to exercise and socialize.

Taylor Morrison has 3 collections is their series of homes to choose from; Corte Villa, Novelli, and La Palma. The Esplanade monthly HOA varies from $234-$249 with a $12.50 month HOA to Starkey Ranch. The HOA fee include all mowing, edging, fertilizing, trimming and mulching for truly maintenance free living.

  • Corte Villa offers 2 and 3 bedroom homes ranging in size from 1689-1926 sq. ft. base price starting at $275,900-$288,900.
  • Novelli offers 4 floor plans ranging in size from 1856-2740 sq. ft. all plans are available with an option for a 3 car tandem garage. The base price ranges from $305,900-$379,900
  • La Palma offers 3 floor plans ranging in size for 2407-3006 sq. ft. all plans are include a 2 car garage but are available with an option of a 3 car tandem garage. The base price for this collection ranges from $368,900-$416,900.

Click here if you would like more information about Esplanade or if you would like to schedule a time to tour the community.

If you are not familiar with buying new construction and would like more information, please be sure to check out our blog post where we cover the basics of what you need to know.

Preserving Florida’s Natural Beauty

mpc-entryOn more than 2,400 acres just north of Tampa, a new kind of community is growing quickly. Adjacent to the Jay B. Starkey Wilderness Preserve, Starkey Ranch keeps residents surrounded by nature, but close to good restaurants, grocery stores, medical providers and schools.

Neighborhoods are centered on parks and connected by trails where neighbors meet and have fun together. Five miles of trails, two dog parks, a playground, picnic pavilions, and a big open lawn are ready now. 

The first community pool and splash pad are now open in Whitfield Park, and the first baseball and multi-sport fields in the 90-acre District Park are nearing completion. In the works are plans for a K-8 public school, a shared-use gymnasium and tennis courts, a public library and community theater. And of course, lots more neighborhoods and amenities. 

Starkey Ranch builders know Florida, and they know what’s important to Tampa Bay buyers. Exteriors that look like they belong here. Quality to withstand sun, wind and humidity. Floor plans that let you live the way you really want at every stage of your life. Green-built homes that save you money on energy bills and protect the environment.

CalAtlantic Homes, M/I Homes, Taylor Morrison, Homes by WestBay and Pulte Homes are now selling. Stay tuned for more neighborhoods and more builders in the near future.

Over the next week we will be taking a closer look at each builder and the homes and homesites that they offer…

Nature, Community – Starkey Ranch

On more than 2,400 acres just north of Tampa, a new kind of community is growing quickly. Adjacent to the Jay B. Starkey Wilderness Preserve, Starkey Ranch keeps residents surrounded by nature, but close to good restaurants, grocery stores, medical providers and schools.

Neighborhoods are centered on parks and connected by trails where neighbors meet and have fun together. Five miles of trails, two dog parks, a playground, picnic pavilions, and a big open lawn are ready now.

Starkey Ranch…

header-logo-w-tag

Keep checking back to the blog this week. We will be featuring the Starkey Ranch community. We will be focusing on the builders and the homes/homesites they offer along with the resort style amenities, nature trails and parks, as well as the surrounding area and the convenience to restaurants, shopping and the Gulf Beaches.

Purchasing a Home in a Seller’s Market

DSC_2354With lower interest rates and rising rent prices, more people are taking the leap into home ownership. With the current Seller’s Market many are facing fierce competition, limited choices and the pressure to act quickly. The biggest challenge is that there are not enough homes on the market. In some areas homes are being put under contract in a matter of days.

So what should home buyers do when the market favors the Seller. Here are a few tips on increasing their chances of landing the winning bid without paying more than they should.

pre-approval-imageFirst Thing – Get a Pre-Approval Letter

You might know that you’ll be approved based on your credit score and debt-to-income ratio, but the seller doesn’t. The pre-approval letter from a lender shows the seller that you have been financially vetted and how much you can afford to pay.  Presenting the pre-approval letter to the seller lets them know you mean business, and in a competitive market it will allow you to act quickly when you see a home you are interested in.

Work With an Experienced Agent

real-estate-dual-agency-buyers-and-sellersIn a competitive seller’s market, buyers need all the help they can get. Having an experienced buyers agent on your side will increase your chances of landing the home you want. Working with a buyer’s agent saves tons of time and stress, they know the process and can provide insight into the negotiation process.

Make Your Best Offer

We are all motivated to buy what we want for as little money as possible. Making an offer lower than the list price is a normal strategy, especially if the house is overpriced in comparison to the other comps in the area or if it’s a buyer’s market. However, trying to get a deal in a Seller’s Market might not be the best strategy. When there is a shortage of inventory and a lot of competition a better strategy would be to go in with a strong opening offer.