A recent client was looking for resale homes in the $350,000 price range on Palmer Ranch, a desirable master planned community in Sarasota. As I live there, I was also familiar with a few new home communities in the neighborhood, and took him by those as well.
He was shocked to find out that the new homes were identical in price to those homes that were built 15 years ago. Try as he might, he couldn't even imagine buying a resale home when the new homes offered such quality at a comparable price.
I can't say that I blame him.
A tight market has forced builders to offer more in upgrades, better pricing and more aggressive strategies, putting them at a decided advantage over the single home seller. While touring the new homes, he learned of standard inclusions like "his and hers" bathrooms, hurricane shutters, and granite surfaces - items not found in alot of older homes.
While there is charm to the older neighborhoods, with their mature landscaping and shady streets...now might just be the best time in years to get a brand new home loaded with upgrades - for a steal!