5 Benefits of Buying a New Construction Condo

Many homebuyers have turned to new construction condos to satisfy their newfound need for more square footage, outdoor space, home offices, and a pristine living environment. Our new routines and lifestyle change have forced us to take a hard look at where we live and will continue to drive real estate trends for some time. In the Boston market, a number of transit-oriented new construction condo developments provide many of the features that today’s buyers demand.

 

Unlike purchasing an existing home, new construction can be complex and presents a unique set of challenges and opportunities for buyers. Our team has worked with some of Greater Boston’s most accomplished real estate developers to successfully market over 25 new construction projects. Recent sales highlights include Tilia and 45 On Burnett in Jamaica Plain as well as numerous projects in Roslindale, West Roxbury, and the Greater Boston area.

 

 

 

While there are many advantages to buying a brand new home from a builder, new construction may not be the right choice for everyone. Here are a few of the benefits that may help you determine if a new construction condo is the right move for you.

 

 

Owning a new construction condo means that you may never have to worry about maintenance because you’ll have brand new appliances, finishes, and systems. Many new construction projects feature cutting-edge smart home technology and advanced heating, cooling, and air filtration systems. You’ll avoid deferred maintenance issues, like replacing a roof, windows or upgrading systems, that are common in older buildings. For some buyers, a home that has never been lived in provides greater comfort and peace of mind.

 

 

Buyers may reserve a new construction condo months before the home is ready for occupancy. If you’re concerned about buying a home before seeing the finished product, a new construction warranty will protect your investment. A warranty ensures that heating, cooling, electrical and plumbing systems are in proper working order. The length of a warranty will vary and it will typically describe how any repairs will be made.

 

 

In many new construction projects, you’ll have more flexibility and choice compared to buying an existing home. The developer may offer a selection of appliance or finish packages for you to choose from. And, you may have the opportunity to negotiate custom items on a case-by-case basis. If you’re buying pre-construction, you should have the opportunity to view a model unit or visit the development’s showroom to get a sense of included features, finishes, and package options.

 

 

If you’re currently renting, a new construction condo may streamline your path to homeownership. For developments in the Boston area, it may be a year or more between groundbreaking and occupancy. By reserving your home early in the sale cycle, you may be able to negotiate a pre-market price and a desirable move-in date that coincides with the end of your lease. By reserving your home in advance you’ll have ample time to plan the move, purchase new items, and coordinate services.

 

 

The demand for transit-oriented construction has transformed areas along the MBTA and commuter rail lines into new neighborhoods. Transportation hubs generally offer easy access to shopping restaurants and green spaces. Buying new construction may be the best way to gain access to these in-demand neighborhoods. Buyers who reserve early will have more units to choose from and may be able to reserve a condo in a preferred location with the building. Looking for a south-facing condo? Eager for a higher floor or park view? New developments may help you land a condo with the perfect floor plan or a deck with a stunning city view.

 

 

Our team has marketed dozens of new construction projects in the Boston area and is a resource for all your new development questions. Whether you are a first time home buyer or it is your first time buying into a new construction project, our background marketing new developments will streamline the purchase process and provide you with access to the latest listings, including projects that have not hit the market yet. As seasoned buyer agents, we will work with you to write and submit an offer, handle the negotiation and refer you to a lender who is familiar with new construction financing. Don't hesitate to reach out for an update on the latest inventory or to schedule a consultation. To view some of the area's latest new construction projects, click here.