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Elizabeth Palmer
Elizabeth Palmer
GRI, SFR & CMRS (Certified Military Residential Specialist)
Coldwell Banker Residential Brokerage

719-650-4158

 Email Me

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New Construction Homes

Black Forest Cascade Colorado Springs Divide
Falcon/Peyton Fountain Green Mountain Falls
Manitou Springs Monument Woodland Park

 

One of my specialties is Colorado Springs new homes and new construction.  If your family’s goal or dream is to have your “new” home actually be newly built, few people in the Colorado Springs real estate market bring as much dedication, passion and experience to the table as me.  Below I’ve summarized a few of the ways I can add value to you the homebuyer as you embark upon the search for your Colorado Springs new home construction dream, as well as several key tips to keep in mind throughout the process:

1) Experience – Simply put, I know Colorado Springs new home communities like few others.  New builds and first time home ownership are among my specialties.  In the past 17 years, I have put many clients into newly constructed homes.  Indeed, new construction sales comprise a large part of my total business.  I really do believe I am the best ally that the Colorado Springs new home builder can have. 

2) I know Colorado Springs – I have called Colorado home since 1995 and have been working as a trusted real estate agent to the wonderful and prospering Colorado Springs community for over a decade.  From Black Forest to the Broadmoor, I am intimately familiar with Colorado Springs real estate market.  I understand the market because I know the people, I know the local economy, and I understand value after nearly a dozen years of successfully helping hundreds of clients pursue their dreams of home ownership. 

3) My work is my passion – I love my job, I really do; how many people can say that?  I am fortunate enough to be able to not just say it, but mean it and most importantly, to live it each day.  The proof is in the pudding, as they say – I have not just survived the two recessions of the past decade, but I have come out of them prosperous and armed with the invaluable knowledge that adversity forces us to gain if we want to remain competitive. 

Now that I’ve told you a little about myself, I’d like to share a few tips with you on buying newly constructed homes.  In short – do your homework…but let’s elaborate just a bit!

Tip 1: Know the City’s Plans – This seems to go without saying, but you would be surprised at how many people, overzealous in their haste to find the right home right away, do not do some basic back ground research.  First, check out the city plans of your prospective town-to-be.   Land on the outskirts of towns tend to be cheaper; predictably, new developments are often built on the edges of the city limits – make sure you have a reasonable idea in terms of the city’s future plans and intentions in a variety of areas: roads, zoning, public transportation, parks, and schools – each of these will play be a factor in the future value of your newly constructed home.

Tip 2: Know Your Builder – Again, seems logical right?  But do not take anything for granted.  While most builders are responsible and operate with the long term interest of the community in mind, take nothing for granted.   First and foremost, make sure that your builder has a solid reputation for producing quality homes; ask them for references.  Ask your prospective builder about their policy with respect to investor purchases – in general it is wise to choose a company that limits investor purchases as rental properties tend to depreciate overall neighborhood property values.  And much like Tip 1 suggests you try and glean the city’s intentions for your future neighborhood, ask the builder about their intentions as well – do they intend to build more homes in the surrounding area (presumably yes)?  If so, do they anticipate these being of equal or greater value?  Again, the presumption is yes but do ask the question – a failure to do so generally will result in property devaluation. 

Tip 3: Get a Home Inspection – This one may not seem as obvious; it’s a new home, why do I need an inspection, you might ask?  Inspections are only needed for old homes that could have asbestos, structural integrity issues, etc., right?  Wrong!  It is true that new constructions often include comprehensive warranties….but comprehensive does not mean everlasting – these usually only last 12 months.  Predictably, many problems surface after the first year.  Do yourself a favor – bring in an independent, professional inspector.  This will most likely help you avoid costly repairs down the line.

Tip 4: Don’t Sign Until You’re Ready – Like any business affair, it is a good rule of thumb that nothing is agreed upon until it is in writing.  And while exceptions certainly exist, once you have it in writing, your general assumption should be that that it cannot be changed or negotiated; make sure that the contract you sign has everything you negotiated in writing before you add your John Hancock to it!

Perhaps the best advice is to find someone that has experience; hopefully this already speaks for itself.  I truly hope this helps and if I can be of any further assistance with your Colorado Springs new home needs, please do not hesitate to call me!



Elizabeth Palmer | 719-650-4158 | Email Me
2075 Research Parkway, Suite B - Colorado Springs, CO 80920
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