Better Than New Homes Priced UNDER New Construction Prices In Metro Atlanta
Having been a custom home builder in a previous life, I have always appreciated the value of a newly constructed home. Yes, there are some minor punch out pains to deal with but the attraction of all new appliances, HVAC, roof etc is strong. For about two years we have had a huge oversupply of new homes on the market and that has pushed the price of a new home way down. Prices have stayed low but I have some recent observations I would like to share
1. Many, maybe even most, of the homes that builders (and banks who foreclosed on builders) have left in their inventory are "dogs". They are not the best homes the builder had to offer and have probably been sitting for a year or two. It is the funky floor plans and less desireable lots that remain for sale.
2. Builders have very few premium lots left in inventory. They do have a many building lots with drawbacks. These lots back up to railroads, detention ponds, power lines, commercial buiuldings etc. Not really a "deal" in my book.
3. Builders are pricing new construction with a premium on what would have been just a run of he mill lot in the old days. However, you can get a deal if you take one of the "dog" lots.
I just worked with a buyer who struck a nice deal on a home to be built by Ryland Homes. We had to work around some of the obstacles mentioned above.
BETTER THAN NEW HOMES May Be the Best Alternative
Purchasing a recently constructed home may be the best alternative to new construction. These homes have the features and design of new construction but lack some of the drawbacks. If you are looking for a home convenient to Emory, CDC or Midtown Atlanta, consider these options.
3491 Montreal Way Tucker GA 30084
$215,000
5660 Martin Grove Drive Lilburn GA 30047
$219,900
1170 Parkwood Trace Stone Mountain GA 30083
$182,900
3146 Henderson Walk Atlanta GA 30340
$279,900
Sally English and The English Team. Atlanta real estate agents
Realty Associates of Atlanta; 3350 Northlake Parkway Atlanta, Georgia 30345 |770-939-3174
View more of SALLY'S BLOG: Sallys Atlanta Real Estate Updates
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All content copyright © 2009-2011 by Sarah Bryant English DBA Sally English and The English Team, Atlanta Georgia. This sale offering is made subject to errors, ommissions, change of price, prior sale and withdrawal without notice. Potential purchasers should make a physical inspection to verify all features independently. EQUAL HOUSING OPPORTUNITY. Sally English is not an attorney or CPA and ALL legal or tax advice should be rendered by a professional. Sally English is an Atlanta real estate agent specializing in homes and neighborhoods convenient to Emory University and The CDC. Thanks for visiting my BLOG!
