Builder Search Tool
There are over 40 home builders active in the Fort Hood area. Where in the world do you start?
Pros and Cons to Buying New Construction
Buying a new home from a builder can be one of the most exciting and rewarding paths to home ownership. Buying a new build home can have a lot of great advantages. And a few disadvantages.
- Great Condition. Nothing’s perfect, but a new home with a reputable builder is pretty close. Just about everything has a warranty on it through at least the first year.
- Customize It. You can pick exteriors, upgrades, paint colors, flooring material, counters and more. Some builders can accommodate moving walls. For higher end custom homes, you can even get your home tailored to exactly what you want.
- Low Maintenance. Brand new, great condition – it will be a while before typical maintnenace costs start kicking in. Hopefully 15 years to the first HVAC issue, 25 years to a roof repair, etc.
- Builder Concessions and Perks. Builders will often make buying their home very easy, by doing things like covering most of all of the buyer’s closing costs, or contributing free upgrades.
- Energy Efficient. Efficiency standards are constantly improving, even from year to year. Even ‘cheap’ new built homes usually have good energy efficiency ratings.
- Works with All Loan Types. Some loan types like VA and FHA can have restrictions on the quality of home, prohibiting you from considering many foreclosures and some pre-owned options. They’re not going to have a problem with a new built home.
- Higher Prices. New homes in this area are going to start in the $120,000s and up, and builder homes are going to cost $10,000 – $50,000 more than comparable pre-owned homes.
- Spend Time Underwater. Buying a new home is like buying a new car. As soon as you take the keys, it has lost $1000s in value. That’s okay if you’re going to be in the house for a long time, but can really hurt if you have to sell in just a few years, owe more than it’s worth, and have to PAY to sell your home.
- Noisy. If builders are still building in your neighborhood, chances are it could be noisy with the sound of work.
- Long Wait. If the home is built and ready to go, it is just as easy as any home. But a to-be-built home can take 4 to 8 months before completion and move-in.
- Little Negotiation on the Price. Builders very seldom budge significantly on their price unless it is their last home or two in the area. Lowering the price of one home hurts the values of all their other homes in the same neighborhood. If that’s 100 homes, then lowering the price $1000 for you actually costs them $100,000.
If buying from a builder looks less attractive after considering the “cons”, talk to a real estate agent about pre-owned home options. Otherwise, keep reading!
The answer is the same to every real estate question. Find a Realtor.
Yes, you should still use a real estate agent when working with a builder. There is a myth that buyers save money with a builder if they forgo an agent. That is false. Realtors work with builders just the same as they would pre-owned homes, and can make your home buying experience smoother, more rewarding, and more comprehensive. And remember, the builder’s representative are great people, but represent the builder – not you.
Keep The Bonus Program
with Hood Homes Blog
Did you know many builders offer agents a commission bonus for bringing a buyer?
Use us as your agent and you keep any commission a builder offers over 3% of the sales price. A 5% commission on a $200,000 home is $4,000 in your pocket at closing!
List of Fort Hood Area Builders
Here is a partial list of some of the home builders active in our area, predominantly in Killeen, Harker Heights and Copperas Cove:
Get Information on all Fort Hood Area Builders
How to Choose a Builder
How to choose? Overwhelmed? You don’t need to be. Instead of waltzing around town to each builder to see what is on offer, try our Fort Hood Area Builder Search Tool.
Search New Homes on the MLS
You can also search homes active on the MLS. However note:
!!!MANY BUILDERS DO NOT INCLUDE THEIR HOMES ON THE MLS OR ONLINE SEARCH!!!
That is why you may be missing out without a local, informed real estate agent on your team.
I recommend searching for homes on the MLS to get an idea of what is available, and sharing the homes you like with your agent, who can advise you on that particular builder and recommend comparable builders to consider.
Articles About Fort Hood Builders
May 25, 2017
October 17, 2016
July 14, 2016
June 18, 2016
June 12, 2016
February 7, 2016
September 9, 2015
August 29, 2015