Are New Construction Homes in Venice, FL a Good Investment in 2020?

New construction is big business in the city of Venice, as well as the numerous other communities in Sarasota County. The region’s wonderful climate and vibrant culture have made it a haven for developers.

And development has continued to boom. The 300-acre development announced for the east side of I-75, south of Venice is just one prime example. The buying public has an appetite for new construction and South Florida’s appealing master-planned communities, with no end on the horizon.

But, are new construction homes in Venice, FL a good investment?

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The answer is...Absolutely!

Real estate in general is considered to be among the safest long-term investments you can make. With few exceptions, real estate as an investment is characterized by slow, steady growth. It’s fairly low risk. Plus, with mortgage rates at an all-time low, it's a great time to invest.

A Venice new construction home is a fantastic option for a wide-scope of the home buying public. Property values in Venice are on the rise and new construction homes (especially in master-planned communities) can be a great way to capitalize.

Venice’s Master-Planned Communities

In the Venice area, a good proportion of available new construction properties lie in master-planned communities. These types of communities are renowned for not only the top quality of their home construction, but also their unmatched amenities.

Taking full advantage of the wonderful climate and warm South Florida sun, many of these master-planned communities boast full resort-style features. We’re talking deluxe clubhouses, luxury spas, beautiful pool and common areas, and so much more.

Remember, always take your own REALTOR with you on your first visit to any new construction community.

Take Control of the Details

Another plus to buying a new construction home is the input you get. Depending on when you buy in, you can often provide input into the final finishes of the property. Personalize your soon-to-be home by choosing fixtures, flooring and other design features that best fits your style.

Also, do yourself a favor and carefully research the community you are considering buying into. Each community will have their own unique set of features and amenities, along with associated monthly fees. You should carefully consider whether these features provide a value to you.

The Cons

New construction is a great option for a lot of people, but not everyone.

For one, new construction communities by their very nature tend to be constructed away from larger city centers where the available land is. This is especially true for the master-planned communities that are so popular across South Florida.

So, if you’ve pictured yourself living near a busy downtown hub, new construction may be hard to come by.

Also, if you’re picturing lots of space, mature trees and classic architecture, new construction probably isn’t for you either. Newer builds tend to lie on smaller lots that are positioned closer together. Also, when buying into a new development, you will likely have to contend with young landscaping. Mature trees take time to grow after all.

Tips for Buying into a New Construction Community

Buying new construction is a little different than a re-sale home, so we’ve put together a few quick tips to help you get started.

• Make sure you have time to wait. New construction homes are often purchased during the pre-construction phase, so it may be some before you can move in.
• Research the neighborhood and the builder. Like we mentioned, make sure the amenities match your lifestyle and the builder has a good reputation.
• Bring your own REALTOR®. The builder sales rep would be happy to help you out, but they won’t always keep your needs at the forefront.
• Have an inspection done. Just because it's a new home doesn’t mean there won’t be faults. Cover your bases now, so you won’t experience issues down the line.
• Tour multiple communities. You may not know what you want until you see it. An experienced local agent will be able to recommend multiple communities worth a look.

If you'd like to learn more about new construction homes in Venice area, please don't hesitate to contact Gulf Shores Realty online or call 941.488.6644 today!