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TREG New Construction

There are currently 24 blog entries related to this category.

It's been almost a year since we discussed the benefits of building a new home - so we wanted to refresh your memory with some tips and ideas from one of our most popular posts! In a previous New Homes and Development entry, we spoke about the choices available for new homes: school choices and lot size choices, and the number of bedrooms/baths, etc.

In this entry, it's all about choices. Do you like having lots of choices, or is that too much to think about? If you’re not quite sure which side of the fence you sit in regards to making choices, here is a quick guide.

What is a Production or Tract Builder?

There are, in essence, two types of homebuilding for buyers to consider: “Production” or “Tract” building. Production builders are found in

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Depending on when you break ground on your new home, that might be the right time to start planning your new outdoor kitchen so you can enjoy it when you move into the house.

According to Kitchen & Bath Design News, “Residential architects are seeing increased demand for outdoor kitchens, as homeowners continue to explore new options for kitchen and bath products and features. Those are among the major findings from the American Institute of Architects’ ‘Home Design Trends Survey’ for the fourth quarter of 2016.”

No longer wanting that rusty, burned grill sitting in the backyard with an ice chest and a picnic table next to it; Americans are looking to upgrade their outdoor living options with something they can enjoy throughout the year.

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Are you trying to decide between buying a newly constructed home and an existing home? They each have unique good points, but today we are sharing seven reasons why your next home should be a new home.

“Yes, older homes tend to have more character than new construction, from unique architectural features to lovable little nooks. But what looks charming is often not practical,” wrote Pat Setter, of the San Diego Union-Tribune.

Gone are the days of cookie cutter communities where everything looked identical. “While it used to be the case that new home builders constructed seas of homogeneous boxes that looked like large garages with small homes attached – many of today's new home communities possess the character and variety of an established

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Chances are you’ll need a down payment to buy your new home unless you’re eligible for a VA loan. While the down payment is deducted from your loan amount, it can still be a serious amount to save. The best part of a down payment is it represents your beginning equity in the house and property.

Hal M. Bundrick, of NerdWallet.com, said, “Most lenders are looking for 20% down payments. That’s $60,000 on a $300,000 home…With 20% down, lenders will love you more. First off, you’ll have a better chance of getting approved for a loan. And you’ll earn a better mortgage interest rate.”

NerdWallet.com has an online down paymentcalculator if you need help figuring out how the down payment translates to your home price and monthly payments.

However,

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We’ve highlighted points in a previous post about choosing the neighborhood that’s right for your new home. Today, we’re going to talk about some community features to consider as well, before ground is even broken on your new home.

Sally Forster Jones of U.S. News Real Estate, said, “It’s helpful to begin your search with at least a general sense of your values, needs and priorities. Are you looking for something urban, suburban or more off the beaten path? Do you value privacy and quiet over being in the center of all the action, or vice versa?”

It may be worthwhile to make an actual list of this information because it’ll be necessary to share with your real estate agent. In getting started, Jones advised, “Take time to explore each

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One of the most important aspects of purchasing a newly constructed home is choosing the neighborhood. If you’re looking to up-size from your current home to a larger home, Suffolk is a place you should consider. You'll enjoy the small town, country charm, paired with big city amenities and activities, and you'll understand why, "It's a good time to be in Suffolk!"

If you’re wondering what makes Suffolk special, it’s a great place for military retirees to start their second career, because it’s home to major tech industry players including Lockheed Martin, Raytheon and the Virginia Modeling, Analysis and Simulation Center.

According to Livability.com, "The median income in Suffolk, VA is $65,499 and the median home value is $235,300, which

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You want your new home to really feel like your home, inside and out. Even though this is your chance to personalize your home, you don’t want to go overboard with trendy details. Trends can change quickly and you don’t want your new home to look dated.

“Just like fashion, housing trends change so quickly. The difference is the investment,” said Aaliyah Arthur. “Think of the pastels of the 1950s, the popcorn ceilings of the 1960s, the shag carpet of the 1970s, and the hunter green carpeting of the 1980s. They were all the rage at the time, but they're not exactly selling points today.” 

If you’re just not sure about a particular detail, make it a point, before ground is broken, to talk to your builder. You’ll get the right information if a trend

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Having your next home built for you can be kind of a, “Which came first: the chicken or the egg,” kind of scenario. What should you do first: pick your new home’s design or it’s location?

An easy way to help you decide on both aspects is to consider your lifestyle and what your new home needs to have so it works for you and your family. Depending on your family’s needs and wants, there might not be a right or wrong home aspect to decide first.

Think about the last house you lived in with your family.  What was it that you loved about it, what did you hate about it and what do you wish you could take with you from it to your next home?

Home Design

“When choosing your home design it's important to choose one that not only meets your

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The thought of a 20 percent down payment for a newly constructed home shouldn’t make you uncomfortable if you're getting ready to buy. If you’re an American veteran, a current active duty military member, a reservist, or a surviving, non-remarried spouse of someone in the military, you may be able to obtain a loan from the Department of Veterans Affairs (VA) for your new home, which will help you purchase it without a down payment.

The VA doesn’t originate loans but sets the rules for who may qualify, issues minimum guidelines and requirements under which mortgages may be offered and financially guarantees loans that qualify under the program.

“There’s also no minimum credit score requirement…Available to millions of veterans and active military

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One of the most important aspects of purchasing a newly constructed home is choosing the neighborhood. Whether you’re looking for a luxury condo, villa or waterfront home, the East Beach community of Norfolk is one community you should consider for your next home. It’s one community that continues to flourish.

The area, nestled between the Chesapeake Bay and Pretty Lake, was revitalized in the 1990’s, turning 100 acres into prime real estate, with Atlantic Coastal-style villages. Today, the area’s growth is ongoing, with new homes in various stages of construction.

In fact, there are two waterfront options to choose from in East Beach: the Chesapeake Bay and the Little Creek Channel. The houses in East Beach are clustered around bayside greens

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