Buying new construction can be really exciting. No one has ever lived in this house before you. And while the mortgage process is very similar to buying an existing home, the real estate process is slightly different. The west side of Albuquerque and Rio Rancho is exploding with new home construction and new subdivisions but not just there.

Current New construction subdivisions are:
The Pros and Cons of New Construction

With all of these new home developments comes a lot of questions. Are new construction properties a good value? Do I have to have a home inspection? What happens if there’s something wrong with the house after I purchase it? How long will it take to finish? It’s important to understand everything you can about new construction before jumping in. So here are the pros and cons of buying new construction.

Advantages of buying a new home

There’s something to be said for moving into a home that nobody else has ever lived in before. It’s typically clean, perfectly pristine, and every detail is brand-new from the appliances to the baseboards. If you’re someone that likes things extra clean or you’re worried about surprises from an existing home purchase then new construction is probably for you.

The Pros and Cons of New ConstructionYou can customize almost anything. Depending on which subdivision or builder you choose and how far into the building process the home is, you may be able to customize the property and finish it out with your exact preferences. Most new construction homes have certain layouts to choose from but from there, you can choose multiple upgrades such as granite or quartz counters, upgraded cabinetry, elegant features such as a fireplace, fixtures and even choose the type of appliances you want. You could choose the color of your house as long as it fits with the Association if there is one, and you can choose your landscaping from the type of trees you want to Southwest Xeriscape.

New homes are typically energy-efficient. Most new homes are taking advantage of energy-efficient innovations and most of these new construction properties require it. From insulation to air sealing, heating and cooling, and even appliances, when you build new you have more say over the strategies used to reduce your home’s carbon footprint. Most homebuilders are already building homes to these types of specs so you are ahead of the game right out of the gate.

Fewer maintenance costs. Obviously, if everything is brand-new you won’t need to replace it nearly as soon or often as a resale home that may have had appliances and materials for years. While all new homes will eventually need repairs, the chance of having to fix a leaky roof or plumbing issue is significantly lower for many years. This reduces your stress and less money is spent while everything is still new.

Home warranties are probably a given. Most developers will offer a wide range of home warranties with the sale. This could include a short-term full structure warranty or a longer-term exterior warranty or even both. It’s just so nice to have that security knowing if something should happen after you move in, you’re covered for at least a little while.

Disadvantages to a newer home.

Limited options. Now, this could actually be good and bad. If given too many options, it can be stressful and overwhelming but if you like a thousand different choices on granite countertops, you may be limited when you customize. You may not be able to add on a room or change the laundry room or add another fireplace or bathroom depending on the builder. Most builders will only let you choose between a few paint colors for your interior walls so if you want something different that may be a project you have to take on after the purchase. Ask about limitations and restrictions to upgrades and customization.

Upgrades can be spendy. It might seem great to add on all of those upgrades from the beginning because they are just going to be built into your mortgage payment, right? Well, you have to be careful with those upgrades because they aren’t cheap. The first price you see on a new construction home is the base price, the standard. This includes the structure without any optional add-ons like extra bedrooms or high-end appliances. It will include things like the lot the home sits on and maybe landscaping as well as standard finishes, however, these are not normally high end finishes so to get the look that you really want, you may need to add on so many upgrades that you’ve gone beyond your budget.

It’s more expensive. Buying new construction versus an existing home on average is about 20% more money so adding any additional costs such as upgrades and add-ons can be even more expensive. However, when you take into account all of the upgrades, brand-new appliances, and the lack of maintenance for the first few years, it actually may be worth it and could be less expensive in the long run.

Less room for negotiating. If you’re buying an existing home you may have more negotiating leverage with the owner and the listing agent but when you’re buying a new construction home what you see is usually what you’re going to get plus any upgrades. Builders and developers don’t like to lower the base price on these homes because it can alter the comparable properties of the entire development and could result in more buyers trying to negotiate a lower price as well. Even though there may be additional discounts and financial incentives, your leverage to negotiate is much lower.

Buying new construction is fun and exciting but it can take a little while for the home to be built so if you have that time cushion, a brand new home might be ideal! Call me anytime to discuss new construction or set up a showing at any of these great neighborhoods around Albuquerque and Rio Rancho. 

Related Posts:

New Construction Homes in Albuquerque and Rio Rancho

25 matches found

$360,175
6215 Buckthorn Avenue NW, Albuquerque, NM 87120
View Photos (38)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 1967
Year Built: 2019
Area: 110 - Northwest Heights
Subdivision: La Cuentista
Description: MOVE IN READY! New floorplan ''1967'' by DR Horton. Check out this amazing ...
Listing Office: D.R. Horton, Inc.
Last Updated: July - 04 - 2020
$475,000
10809 Olympic Street NW, Albuquerque, NM 87114
View Photos (44)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 4
Square Footage: 3147
Year Built: 2020
Area: 121 - Paradise East
Subdivision: Paradise Hts
Description: Beautiful new built home by Prestige Custom Design. This contemporary home...
Listing Office: Realty One of New Mexico
Last Updated: July - 03 - 2020
$510,990
6808 Piedra Aspero Street NW, Albuquerque, NM 87120
View Photos (1)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 4
Square Footage: 3350
Year Built: 2020
Area: 110 - Northwest Heights
Subdivision: Montecito Vistas
Description: Brand new, never lived in Pulte home. Enjoy brand new appliances, new carpe...
Listing Office: Pulte Homes of New Mexico
Last Updated: July - 02 - 2020
$422,990
6216 Basil Place NW, Albuquerque, NM 87120
View Photos (37)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 4
Square Footage: 2532
Year Built: 2020
Area: 110 - Northwest Heights
Subdivision: La Cuentista
Description: VIEWS GALORE! Multi-Generational home with built in Casita that has separa...
Listing Office: D.R. Horton, Inc.
Last Updated: July - 02 - 2020
$395,990
1813 Rock Creek Trail NW, Albuquerque, NM 87120
View Photos (57)
Property Type: Residential
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 2068
Year Built: 2019
Area: 110 - Northwest Heights
Subdivision: Mirehaven, Del Webb Mirehaven
Description: Enjoy our resort style DW Mirehaven 55+ active gated Community! Our 11,000...
Listing Office: Pulte Homes of New Mexico
Last Updated: July - 02 - 2020
$419,000
2104 Roll Cloud Drive NW, Albuquerque, NM 87120
View Photos (43)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 4
Square Footage: 2532
Year Built: 2019
Area: 111 - Ladera Heights
Subdivision: Stormcloud Estates
Description: Welcome Home to Stormcloud Estates - One of the most desired and versatile ...
Listing Office: Keller Williams Realty
Last Updated: June - 30 - 2020
$378,435
8412 CAMINO DEL VENADO NW, Albuquerque, NM 87120
View Photos (30)
Open House (07/04/2020 - 11:00 am)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 3
Square Footage: 2150
Year Built: 2020
Area: 111 - Ladera Heights
Subdivision: Stormcloud Estates
Description: Gorgeous single story in the heart of Albuquerque! The Buxton is one of our...
Listing Office: D.R. Horton, Inc.
Last Updated: June - 30 - 2020
$438,655
6216 Buckthorn Avenue NW, Albuquerque, NM 87120
View Photos (46)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 3
Square Footage: 2415
Year Built: 2020
Area: 110 - Northwest Heights
Subdivision: La Cuentista
Description: VIEWS GALORE! MUST SEE! ''The Buxton'' by DR Horton. Stunning 4 bedroom, 2....
Listing Office: D.R. Horton, Inc.
Last Updated: June - 29 - 2020
$348,760
6205 Buckthorn Avenue NW, Albuquerque, NM 87120
View Photos (38)
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1746
Year Built: 2020
Area: 110 - Northwest Heights
Subdivision: La Cuentista
Description: MOVE IN READY! Spacious 3 bedrooms, 2 bath and 2 car garage with 8 foot doo...
Listing Office: D.R. Horton, Inc.
Last Updated: June - 29 - 2020
$428,350
6204 BUCKTHORN Avenue NW, Albuquerque, NM 87120
View Photos (34)
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 3
Square Footage: 2233
Area: 110 - Northwest Heights
Subdivision: La Cuentista II
Listing Office: D.R. Horton, Inc.
Last Updated: June - 28 - 2020

1 2 3
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.