The PROS & CONS of Buying A New Home In Myrtle Beach SC

Discover the Pros and Cons of Buying New Construction Homes in Myrtle Beach! 🔍 If you're considering entering the housing market amidst low inventory of resale homes, new builds might be the answer. Join me, as I break down the key points you need to know before making a decision.
🏠 *Pros of New Construction:*
1. *Fresh Start:* Enjoy the luxury of moving into a brand-new home, free from worries about previous occupants' wear and tear.
2. *Solid Warranties:* New construction homes typically come with extensive builder warranties. From 1-year bumper-to-bumper coverage to 2-5 years for major systems, and even 10 years for structural elements, you're covered!
3. *Lower Insurance Rates:* The newness factor not only brings peace of mind but also results in significantly lower homeowner's insurance rates. Say goodbye to costly premiums.
4. *Great Interest Rates:* Major builders offer better interest rates on loans for new construction. Save big over the life of your mortgage with these competitive rates.
5. *Closing Cost Incentives:* Builders are sweetening the deal with generous closing cost incentives, ranging from $5,000 to a whopping $20,000! That means more savings for you.
🚫 *Cons to Consider:*
1. *Upfront Costs:* Depending on the builder and project, upfront costs can range from 5% to 20% as a down payment. Be prepared for this investment.
2. *Construction Quality:* While many builders maintain high standards, some may prioritize speed over quality. Do your research on the builder's reputation.
3. *Ongoing Construction:* Keep in mind that living in a new development might mean dealing with construction noise and temporary disruptions.
To navigate the new construction market successfully, having a buyer's agent like myself can make all the difference. With my experience in countless walkthroughs and negotiations, I ensure your interests are protected and your investment is secure. Let's make your dream home a reality!
📞 *Contact Me:*
jeremyblanton.com/contact/
Jeremy Blanton, REALTOR® | Myrtle Beach, SC
RE/MAX Southern Shores
Main Number: 843-222-9402
Email: [e-mail]
If you're ready to explore the world of new construction homes in Myrtle Beach, don't hesitate to reach out. I'm here to guide you through every step of the process and help you make the best decision for your future.
🔔 *Subscribe and Like:* If you found this video helpful, hit the subscribe button and give it a thumbs up. Stay informed about real estate trends and make the most informed decisions for your home-buying journey.
#MyrtleBeachRealEstate #NewConstructionHomes #HomeBuyingTips
Contact Jeremy: jeremyblanton.com/contact/
Jeremy Blanton, REALTOR® | Myrtle Beach, SC
RE/MAX Southern Shores
Main Number: 843-222-9402
Email: [e-mail]
#MoveToMyrtleBeach #MyrtleBeachLiving #myrtlebeach
I assist buyers looking for Myrtle Beach real estate and I work hard to market homes I list for sale in Myrtle Beach, SC as one of the best listing agents in the Myrtle Beach, SC market. My promise to you when listing your home for sale is that I will expose your property to my network of over 40,000 connections within the first 24 hours of placing your home for sale in Myrtle Beach.
Please visit my sites below:
Search Homes For Sale in Myrtle Beach, SC :
MyrtleBeachHomesBlog.com
TWITTER | / jeremy Blanton
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BLOG | MyrtleBeachHomesBlog.com/Blog
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[@ja6368]

Very clear and accurate👍

[@edbrown7392]

Hey Jeremy, you convinced me I made the right decision to build my custom home in Carolina Forest 🎉😊

[@johntamulonis4626]

Hi Jeremy, when we bought back in July of 2022, we got 20K incentive from Toll brothers, we closed in May of this year and very happy here. Nice to have a new home for sure.

[@O.C.Stiggs]

Excellent vid.

[@govols535]

Thanks for the video.

[@zz9126]

Couldn't buy in a resale in CF where you live...ended up buying new in Longs

[@Vgl935]

Hey Jeremy, could you possibly do a video on the best schools around the myrtle beach area?❤

[@makemagamad3370]

Hey Jeremy,
Is it possible to get a newly built condo with affordable HOA fees?

[@jeremyblanton]

Hmm... a lot is going to be based on what the HOA fees include. Unfortunately in the last year, insurance has gone crazy high which has made the fees go nuts. If an HOA doesn't include insurance, it can be rather low, but then you are spending a bunch on the insurance in addition to the current fees.

[@paisteplayer1040]

Many older homes, ours was built in 97 have no HOA and I would never buy into one

[@rexgamewell]

Hello jeremy, Im trying to convince my wife to move to myrtle but wheres a area that doesnt flood so bad?

[@jeremyblanton]

There are many areas that do not flood, shoot me an email to [e-mail] and I can help you find a spot that will fit your budget & needs without flooding issues.

[@philbouchard8366]

We were thinking of buying land & putting a double wide there is that a possibility? really can’t afford a new home an older smaller home is also a possibility

[@jeremyblanton]

@@philbouchard8366 Shoot me an email to [e-mail] and we can discuss possibilities!

[@lyceum4177]

Used houses, lol, all we've ever bought.