Considering New Home Construction In San Diego?
How Reputable Is The Builder?
People from back east ask me this all
the time, but Californians rarely do. And there's a good reason.
California land has remained in large parcels descended from the old Spanish
Ranchos. Back east the land was homesteaded and split amongst the family
with each generation. You see our histories are different. The end result
is that back east you have many small undeveloped parcels of land, but that is not the norm here.
It takes very deep pockets for someone to develop a large parcel of San Diego
land and build houses. Only the best, largest, and most reputable builders
can step up to the plate and build here. As a result, we've come to expect
that our homes are well built. That's why local home buyers never even ask
me who the builder is. It's just not a big concern to us.
Back east you could have a fly-by-night builder come in and build a few
sub-standard houses on a small piece of land, and then disappear. So I understand
why someone would be concerned about a situation like that. But here in San
Diego our tracts are built by names like Centex, Shea, Kaufman & Broad,
Lennar, John Laing, D.R. Horton, Brehm, Continental, Pardee, Barratt, and Ryland.
These companies have built many fine communities here in San Diego, are still
building them, and want to continue to do so. The last thing they need is
word getting around that they built an inferior product, not to mention a
lawsuit. In fact, everyone who I've represented in the purchase of a new
home had nothing but good things to say about their builder. They were very
pleased with how minor problems were corrected immediately, and how they
bent over backwards to make sure they were happy with their new home.
Who Represents YOU?
However, there is one beef I have with new home builders, and that is they have a
tendency to "gloss over" anything negative about the homes or the location they are selling.
The sales agents in the model home
represent the builder and not you, and they will put a positive spin on every negative.
Trust me, having a larger backyard does not compensate for being on a busy street.
I get to meet with people 5 years later when they want to sell, and I have to tell them
they must discount the price in order to sell the home. They tell me the builder told them it
was a "premium lot" and they paid extra for it! Yikes!
You should be aware that if youy want an agent to represent you in your purchase,
that agent needs to accompany you to the sales office the first time you go.
It costs you nothing to do this, and gives you another set of eyes to look at what you're doing.
Often a good agent can point out things about the home's location you might not have considered,
especially when you're looking at nothing but dirt.
So why not have someone in your corner who will tell it like it is? If you're considering new constuction
and you would like me to represent you, then give me a call before you go
house shopping, and I'll go along with you. It costs you nothing and can save you a bundle.
A Word About New Home Prices in San Diego
New home builders frequently advertise their homes in print media
and the internet. They use the cheapest, loss leader home
in the worst location as the "from" price, and prices go
up from there. Sometimes dramatically up. However, they never update
the ads or their website, even though the community is still being
built 2 years later! So please, be very suspicious of advertised prices
for new homes. The best bet is to call the builder and ask what's
currently available.
And by the way, "from the low $700s" means $749,999, not
$710K or $720K like you might think. Don't feel bad, I've been fooled
by that one myself. And "from the $700s" means one home
in the worst location is priced at $799,999.
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