| Some people might think that being among the first | | | | taken over by weeds and a host of other things can |
| to buy in a new subdivision might be an advantage, | | | | occur. When you are looking at new subdivisions, |
| but you have to think of several factors because it | | | | consider the entire subdivision, in addition to your |
| can also carry some risks. When a subdivision is being | | | | own home. What might have started out as one |
| built, there might be a few houses here and there | | | | thing can become another thing when housing values |
| and not too much local traffic. Some people enjoy | | | | decline and contractors or developers go out of |
| this, but what traffic there is could be construction | | | | business or file bankruptcy. |
| trucks, carpenters, bulldozers and other noise as | | | | While many new homeowners don't think about this, |
| more new houses are being built. In the case of | | | | these are things you don't have to consider in |
| subdivisions that have a bunch of homes that are | | | | established subdivisions. Some people will not get the |
| only semi-completed, some new homeowners might | | | | most prime lots in this circumstance, but at least they |
| be dismayed to see them sit that way for a number | | | | will have paved roads. Because the developer is |
| of months. | | | | responsible for basic essentials that most people take |
| In fact, since the housing crisis, many contractors | | | | for granted like paved roads and community sewer |
| have gone bankrupt and left houses unfinished and | | | | systems, these are things that might be left undone |
| new homeowners without any recourse for defects | | | | in a new subdivision and they can remain that way |
| they find with their new home. This is not something | | | | for quite some time. |
| that many homeowners think about when they are | | | | The best thing to do is to look for subdivisions that |
| buying a new home in a new subdivision. You have to | | | | have a number of houses and the basic essentials |
| consider developers might never complete any of the | | | | already in place and functioning. Any new home can |
| amenities you were promised when you bought the | | | | have a few bugs to be worked out, but it is hard to |
| house. | | | | know what to do if your builder is no longer in |
| Until another developer and contractor comes along, | | | | business. Major defects might be impossible to cure, |
| your new home may not increase in value and could | | | | so you want to be sure that you are dealing with a |
| be in a sparsely populated subdivision that draws | | | | reputable developer, contractor, and subdivision |
| transients and looters of abandoned, new | | | | before investing. |
| construction homes. Until the housing market comes | | | | Many homeowners get so excited about the |
| back, chances are slim that semi-finished homes and | | | | prospect of a new home that they fail to think of |
| foundations will see much action. Even in good times, | | | | the negative things that can happen. When it comes |
| there are things to consider with a new subdivision | | | | to building in a new subdivision, your real estate agent |
| because you don't know what un-built homes will look | | | | can shed some light, but it is still a "buyer beware" |
| like and what kind of neighbors you will have. | | | | situation. |
| Roads can be left unfinished, public areas can be | | | | |