Buying a home has never been easier in the Indianapolis real estate market. With the current condition of the market, homes have become available in record numbers, and many of them are affordable for those who were previously out priced from the market. Choosing a home is no longer a concern, but knowing what to look for is something else entirely.
First off, what do you look for when buying a new home? New homes pop up all the time in the Indianapolis real estate market. Companies like Ryland Homes, CP Morgan and Portrait Homes are constantly building on the outskirts of town, creating new, affordable communities for lower to middle-class families. These homes have new and innovative designs, and even the smaller of the homes are designed to provide the maximum amount of space available.
New homes offer several advantages. First off, a major concern for anyone shopping the Indianapolis real estate market is the cost of heating your home. Gas bills are at an all time high, and this winter they are not expected to go down any time soon. Many new home builders will offer a choice of gas versus electric, while others may build entire communities that are 100% electric. While some people prefer a gas-powered home, the cost of heating a home through electricity is considerably lower in the central Indiana market.
Another nice thing about a new home is the space and design. While many new homes have a limited amount of outside room, they more than make up for it inside. Usually homes in the Indianapolis real estate market are structured in such a way that the maximum amount of space is usable. Stairwells are often times segmented, costs find creative hiding spot and garages are incorporated in interesting ways to accommodate for the maximum amount of livable space.
New homes are likely to come with some type of appliance warranty. While a nice thing to have offered when you purchase Indianapolis real estate, these warranties can often times run between $400 and $500 dollars. While they are useful for things like a new HVAC system (something you shouldn't need to replace in a new home), they are generally more trouble than they are worth. Often times they will drag their feet about replacing appliances, and for the price, you could just as easily deposit that money and buy the appliance you want when the time comes.
One final item of consideration when shopping for a new home on the Indianapolis real estate market is the future condition of the surrounding area. Ask yourself what will be developing or leaving in 10 years time, and also pay attention to the amount of young greenery in the neighborhood. While a neighborhood may not look nice now, give it time. You may be surprised at how things turn out for the better.
Indianapolis real estate has provided a market that is buyer-oriented and user-friendly. If you are looking for a new home, take your time and make the choice that works best for you. The market will not disappoint you.
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