Florida’s New Homes Market Is Growing Fast in 2019

Florida’s New Homes Market Is Growing Fast in 2019

With financial gains at an all time high and an all-around booming economy, more people than ever are buying brand new construction homes in Florida. Many distinguished new home builders are developing communities set on some of the finest locations in the Sunshine State. This housing boom isn’t just for the wealthy, and there are plenty of properties available for those on a budget. Of course, those who can afford the finer things will find brand new waterfront homes, and sprawling mansions with room for a yacht. Either way, there are many benefits to buying brand new homes, especially in a place like Florida.

New Homes on a Budget

The segment of the real estate industry that is growing the fastest is new construction homes that people can afford on a budget. Some of the most popular places in Florida that offer starter home pricing include St Lucie County, parts of Palm Beach County and Hobe Sound in Martin County. Once vacant land and lots, these areas are now bustling with construction vehicles, and new homes are being built faster than ever before.

For instance, trusted builders like Maronda, Groza, Holiday and many others, are selling finished, single-family homes in Port St Lucie for under $300K. Most people realize they can afford these homes on a thirty-year mortgage, and may even be paying as much in rent, already. Like other new construction homes, these properties come with state-of-the-art building materials and the newest construction methods. Plus, every new home comes with builder warranties, and pretty much anything else.

New Waterfront Homes in Coconut Grove

Coconut Grove is set directly on Biscayne Bay and is known for breathtaking views, year-round. This area demands a much higher price tag, and new homes aren’t easy to come by. Since Miami is one of the oldest areas in Florida, the land that’s available on which to build new properties is quite limited. However, people are buying them up fast and building modern, luxury homes with no expense spared. These mega-mansions can go for upwards of $10M, or more.

Another popular way to get a new home feel is to renovate an existing home. This is a growing trend in more populated cities and still affords many of the new construction benefits without the total expense.

For example, existing Coconut Grove homes for sale may not fit your style or home design preferences. These properties can be completely redesigned to look and feel brand new. In some cases, existing properties are demolished, making way for construction to begin on a brand new, custom-built home.

New Real Estate Design Concepts for 2019

Florida is slowly progressing towards new, more modern concepts. You can see “green communities” being built statewide that embody a clean, near zero carbon footprint. Typically, new construction homes are built using recycled materials and designed around nature, instead of through it. Although a bit costlier up front, these new homes are said to repay the expense in a few years with reductions in both energy usage and bills.

New Home Builders in Florida

With a rise in new construction, many builders have come to Florida and set up their own neighborhoods and areas to build real estate. Some of the most popular builders include DiVosta, Emerald Homes, DR Horton, Adams Homes, Associated, Maronda, Lennar, Holiday Builders, GHO Homes, Mercedes, Kolter, CalAtlantic and several more.

Each one offers a selection of upgrades, options and incentives to entice new home buyers in 2019. Record new home sales have given rise to lower costs to buyers and more options available, so check into each builder carefully.

Conclusion

With many different real estate options to choose from, prices to fit almost any budget, and so many people relocating to Florida, it is no wonder new homes in Florida are being built every day. Moreover, a positive economy will continue to fuel new construction homes, neighborhoods and communities, with up-to-date properties, and with cutting-edge technology in their design and functionality.