Buying a home is a big decision, and there are many factors to consider. One of the most important decisions you'll make is whether to buy a new construction home or a resale.
There are pros and cons to both options. New construction homes are typically more expensive than resale homes, but they offer the latest features and upgrades. Resale homes are typically less expensive, but they may need some work.
Here's a step-by-step guide to help you decide which option is right for you:
New construction homes are homes that are built from the ground up. They offer the latest features and upgrades, and they can be customized to meet your specific needs.
Here are some of the pros and cons of new construction homes:
Pros:
Cons:
Resale homes are homes that have already been built and sold once. They are typically less expensive than new construction homes, but they may need some work.
Here are some of the pros and cons of resale homes:
Pros:
Cons:
A Realtor can help you find the perfect home for your needs. They can help you research the market, visit homes, and make an offer. A Realtor can also negotiate on your behalf and help you close on your home.
If you're thinking about buying a home, I recommend working with a Realtor. The Schrockstars Team is a great team of Realtors in Millsboro, Delaware. They can help you find the perfect home for your needs and budget.
Buying a home is a big decision, but it doesn't have to be a difficult one. By following the steps in this guide, you can find the perfect home for your needs and budget.
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With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership.
Owning your home gives you a significant sense of accomplishment because it’s a space you can customize to your heart’s desire. That can bring you added happiness. In fact, a report from the National Association of Realtors (NAR) shows making updates or remodeling your home can help you feel more at ease and comfortable in your living space. NAR measures this with a Joy Score that indicates how much happiness specific home upgrades bring. According to NAR:
“There were numerous interior projects that received a perfect Joy Score of 10: paint entire interior of home, paint one room of home, add a new home office, hardwood flooring refinish, new wood flooring, closet renovation, insulation upgrade, and attic conversion to living area.”
And as a homeowner, unless there are specific homeowner’s association requirements, you typically won’t have to worry about the changes you can and can’t make. If you rent, you may not have the same freedom. And if you do make changes as a renter, there’s a good chance you’ll need to revert them back at the end of your lease based on your rental agreement. That can add additional costs when you move out.
There’s no denying taking care of your home is a large responsibility, but it’s one you’ll take pride in as a homeowner. Freddie Mac explains:
“As the homeowner, you have the freedom to adopt a pet, paint the walls any color you choose, renovate your kitchen, and more. . . . Of course, along with the freedoms of homeownership come responsibilities, such as making your monthly mortgage payments on time and maintaining your home. But as the property owner, you’ll be caring for your own investment.”
You’re not taking care of a living space that belongs to someone else. The space is yours. As an added benefit, you may get a return on investment for any upgrades or repairs you make.
That sense of ownership and your feelings of responsibility can even extend beyond the walls of your home. Your home also gives you a stake in your community. Because the average homeowner stays in their home for longer than just a few years, that can lead to having a stronger connection to your local area. NAR notes how that can benefit you:
“Living in one place for a longer amount of time creates an obvious sense of community pride, which may lead to more investment in said community.”
If you’re looking to put down roots, homeownership can help fuel a sense of connection to the area and those around you.
If you’re planning to buy a home this year, there are incredible benefits waiting for you at the end of your journey, including the ability to customize your home, the sense of achievement homeownership brings, and a greater connection to your community. Connect with a local real estate professional to discuss everything homeownership has to offer.
*information sourced from Keeping Current Matters Blog*
As the market shifts, re-sales aren't the only homes that are affected. The rising interest rates have slowed down the demand with new builds as well, which is resulting in builders bringing back their incentives! This is great news - especially for those who weren't able to build before because of the rising costs of materials. But there is one VERY IMPORTANT thing to note:
Delaware is a "Buyer Beware" state, which means the sales rep represents the builder, NOT YOU (the client). They have the builder's best interest in mind. A Realtor® will help you with finding incentives, and keep you in on the loop from start to finish. You will have legal representation, and will be protected. It is a much smoother & easier transition when we (your Realtor®) are involved. It's the peace of mind that you didn't know you needed. But TRUST US, it will make the process easier and less stressful.
Home of the Month
Beautiful townhome nestled in the popular community of Shoreview Woods! This home showcases vaulted ceilings, recessed lighting and lofty sun-filled transom windows. Prepare savory meals to be served in the formal dining room or kitchen complete with 42-inch cabinetry, a double sink, decorative backsplash, and a peninsula island for casual meals. Enjoy a main floor primary bedroom complete a tray ceiling, ensuite bath with a dual sink vanity, stall shower and a spacious walk-in closet. Ascend upstairs to a spacious loft which could be used as a separate family room or home office space, two nicely sized bedrooms with walk-in closets, and a full bath. Storage space is plentiful with two storage closets off the foyer and one in the upper-level utility room. Additional features include a one-car garage and paver patio. As a resident you will enjoy access to a community swimming pool, a tennis court, and clubhouse. Shoreview Woods is conveniently located just minutes from Lewes, Milton, and around the corner from the bike path taking you as far as Lewes and into Rehoboth. Being sold fully furnished and turn-key ready, make your appointment today!
Questions? Toni Schrock! 302-841-9296
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Our mailing address is:
25935 Plaza Drive # 15 | Millsboro, Delaware | 19966
Office: 302-947-9100
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Presenting this stunning home, built in 2017 and located on a premium lakefront lot in the active resort-style community, Peninsula Lakes. Curb appeal with lush landscaping and a welcoming front porch take you to the front door framed by sidelights and a transom window. The foyer is grand from the engineered hardwood running through the main living areas to the tray ceiling above. Double French doors lead to a home office or flex space-you decide. Straight ahead gaze up to the two-story open floor plan featuring abundant open space and natural light. The majestic two story, stone fireplace anchors the living room and opens to the dining room and gourmet kitchen. Boasting premium lakeside views, this floor plan provides superb space for entertaining. The gourmet kitchen features quartz countertops, stainless steel appliances, an island, walk-in pantry, and breakfast bar. Special touches the chef will love include the soft-close and pull-out drawers, display cabinetry and under-cabinet lighting. The main floor primary bedroom flaunts a tray ceiling, dual walk-in closets and ensuite bath featuring a glass doored and tile shower stall crowned by a transom window and a water closet. Two ample guest rooms are located at the front of the home and share a full bath. The laundry room and access to the garage complete this floor. But we are not done yet… the upper-level loft features a family, media room or office space that overlooks the first floor, a spacious fourth bedroom, and third full bath, plus a large storage room that could be converted to a fifth bedroom. Exit the dining room to relax in the extra-large screened porch that faces the water. Step down to the knee-walled stone patio for cocktails, some sun, and lovely lake views. This is an energy efficient home with other notable features including recessed lighting throughout, and a tankless water heater. This prime property is walking distance to the community pool and clubhouse. You will love life in Peninsula Lakes, the lake-oriented resort-style, coastal community with mature trees, eleven ponds, a fishing pier, and scenic walking trails. You will have access to the resort-style clubhouse with a fitness center and outdoor pool with splash pad. You will live in a unique neighborhood, a quiet retreat in a fun, active resort setting with verandas and decks overlooking the water. Spend the evening with family and friends at the patio bar and lounge. Residents will play tennis and pickleball, bocci and horseshoes and have access to a community dog park. Peninsula Lakes provides a low-maintenance lifestyle and includes trash removal, snow removal, and lawncare. Peninsula Lakes is located within a stone’s throw of the Indian River Bay, and a short drive to the Atlantic Ocean and the beaches. Daily conveniences, grocery stores, pharmacies, emergency walk-in care, nail salons and hair salons, liquor, wine stores, and restaurants are all just around the corner. Do not miss your chance to own this stunning beach home. Schedule your private tour today.
Toni Schrock
Realtor®, Northrop Realty, A Long & Foster Company
302-841-9296
Licensed In: DE
License #: RS-0022818
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