Pre construction Homes

When you are planning to build a new Myrtle Beach Home or a pre construction home in any area there are several things you will want to consider and make sure you put some thought into. Many of these things will depend on you future plans.

You will want to build a home that will fit your needs today as well as what your needs could be in the future.

The following things you will want to pay close attention to and consider when building a new home.

1. The Appliances - Many times builders may just put in basic appliances. You will want to think about appliances carefully, many times the better quality appliances will hold up and last longer.

2. The Roof- You will want to put the best roof possible for your area. The roof will of course be a consideration for future buyers if you decide to sell. The higher quality shingles will normally last longer. A roof can be a major expense in the future when it is time to replace it.

3. The heating and air system - The larger the system the better. It may cost a little more for a HVAC system that is bigger than what you need, but you will be glad you did. Your electricity bill will be lower because it will turn on and off less. Also normal use will create less wear and tear.

4. Insulation - A well insulated home will save you a ton of money in the future, because it will cost less to heat and cool your home.

5. Home Design - Picking a home design that is up to date will assist you in selling your home in the future.

Myrtle Beach, SC has been one of the most popular places to buy a home on the east coast. Myrtle Beach Homes range in size, shape and price. No matter what price range you are looking for there is something for you in the Myrtle Beach area.

Many Myrtle Beach homes were sold during the real estate boom as strictly investment properties. Now price have come down some and Myrtle Beach homes can be bought for reasonable prices.

The area normally referred to as Myrtle Beach (or called the Grand Strand by locals) actually stretches over 60 miles of beach front going from Pawleys Island, SC all the way to the North Carolina state line.

The area is heavily tourist driven in the summer months, attracting more that 13 million tourist a year. The most popular places of the beach for year round residents are the south end of the beach in Murrells Inlet and the Carolina Forest areas.

Surfside Beach has been extremely popular for tourist. Often called “the family beach” because of the low density building policy the town of Surfside has stuck too. The Surfside area is mostly single family homes and raised beach houses.

Murrells Inlet has an extremely rich history that includes Spanish sellers, huge rice plantations and even has a history of pirates. Now day the Murrells Inlet area is know for its seafood restaurants and golf courses.

Pawleys Island is on the very south end of the Myrtle Beach area. Pawleys Island is an actual 4 mile island located on the Waccamaw Neck area. The slower paced life the island offers has attracted people looking for Myrtle Beach Homes for decades.

Conway is the Horry county Seat. The county court house is located there. So is Coastal Carolina University and Horry Georgetown Technical Colleges main campus.

North Myrtle Beach has been popular for tourist and vacationers for many years. Some of Myrtle Beach’s most luxurious high rise resorts are located in North Myrtle Beach. So area communities such as Barefoot Resort and Grande Dunes.

Buying a home can be the biggest investment of your life. When purchasing a home pre construction you are buying a home before it is built. There are many things to consider when purchasing a pre construction home, but the following 4 items are some of the biggest to consider.

1)      Location – Where is the home located? Is it in a highly sought after area? Are the surrounding neighborhoods comparable? You probably don’t want to spend a million dollars on a home and the surrounding neighborhoods sell for less than $100,000.

2)      Amenities – If you are purchasing home in a community, you will want to pay careful attention to what amenities are offered. In more expensive communities you normally can expect more amenities. More amenities normally will attract more home owners, it can also assist in attraction potential renters.

3)      Home Features – Many communities limit the size, shape and appearance of homes. Community rules and regulations may also control what you can put out on your lawn and in your back yard.

4)      Home Owners Associations – Does the community you are buying in have a Home Owners Association? If not what is going to prevent your neighbor from having junk cars in their front yard? Who is going to take care of the streets and amenities? HOAs can be a hassle sometimes, but when buying a pre construction home, you don’t want the value of your property to be effected by your neighbor’s actions.

The biggest incentives are getting the option to pick out every detail of your home and having a brand new home.

In today’s market developers and home builders are offering some amazing incentives to investors and home buyers. Of course this varies between communities.

The most common incentives can include:

Free upgrades, everything from free appliances, bonus rooms, flat screen TVs, light fixtures and kitchen cabinets.

Some developers have offered to lease-back properties for several years. Many of them are willing to do lease backs for more than market rents.

Pre paid Mortgage payments

In-house financing at special rates

In some extreme case free cars

In some cases the developer may be willing to negotiate some of these items, especially in very early stages of development.

Purchasing Pre Construction Homes can be very rewarding and very profitable

Investing in Pre construction homes has been a popular strategy for some time by real estate investors and home buyers. Many projects are sold pre construction at huge discounts. This is normally because the developer many times may have to pre-sell a specific number of properties to secure their bank loan.

Many developers don’t mind giving these discounts and huge incentive at the start of the project to secure financing, but after the project hits the break even point they can raise prices.

Selling preconstruction also lowers the developers risk. Normally the earlier you buy into a project the bigger the discount is. Normally free upgrades, prepaid rents etc

Purchasing a Pre Construction Home is one of the best opportunities you can have when looking to purchase a home.