Pros and Cons of New Construction - Watch BEFORE Buying

Thinking about purchasing a new construction condo or buying a new construction home? Purchasing new construction can be a great investment -- its modern, its new, its shiny! But there are some downsides, and its important to weigh the pros and cons of new construction carefully before making a decision between buying new construction vs buying resale homes.
0:00 - Introduction
0:54 - Pro #1 Move-In Ready
1:41 - Pro #2 Lower Maintenance Cost
2:17 - Pro #3 Financial Incentives
3:32 - Con #1 Higher Prices
5:04 - Con #2 Higher HOA Fees
6:18 - Con #3 Less Experienced HOA
This video is part of a series about the San Francisco real estate market and Marin real estate market, including the best San Francisco and Marin County homes, changes in the San Francisco and Marin housing markets, and things to do in San Francisco and Marin, and answers questions like how much does it cost to live in SF and Marin, and where are the best places to live, eat, drink, shop, and hang out in the areas.
I’m a lawyer turned San Francisco and Marin County real estate agent and real estate developer who has lived in the Bay Area for over a decade, giving me in-depth, first-hand experience in the Bay Area housing market and lifestyle. If you’re thinking of buying or selling a home in SF or Marin, just visiting San Francisco or Marin on vacation, or want more information about the SF and Marin housing markets, then this channel is for you!
🚨Book a Zoom with me here: 👇🏻
bit.ly/3pSUXam
🚨 Subscribe to this channel here: 👇🏻
bit.ly/3VSUrmT
Follow me on Instagram: bit.ly/3X4QNYo
Follow me on Tik Tok: bit.ly/3ijsGGm
Visit my website: www.austinklar.com
Buyer Guide: austinklar.com/buyers-guide
Seller Guide: austinklar.com/sellers-guide
Market Updates: austinklar.com/market-updates
📲 If you are thinking of buying a home in SF or Marin, selling a home in SF or Marin, or just wondering whether to move to or move out of SF or Marin, reach out to me for assistance! As a buyer's agent and seller's agent, I help clients every day buying and selling homes in San Francisco and Marin, and investing in Bay Area real estate, and I’d love to put my skills to work for you.
Austin Klar, J.D.
Bay Area Realtor with Avenue 8
DRE02172799
[e-mail]
[phone]

[@theladsdad4861]

Great insight and food for thought.

[@austinklar]

Thanks for watching!!

[@chromebomb]

should I buy new construction or buy a fixer upper and then rebuild ?

[@austinklar]

Depends-do you have enough cash to buy/build or would you be taking a loan? Construction loans are $$$ so you’re not necessarily saving a ton building yourself. You would get customization though do whatever you wanted.