Village on Main Street in Frisco, TX, is a highly sought-after neighborhood known for its stylish homes, convenient location, and modern amenities. While new home builders often highlight the community’s best features, there are a few things they might not emphasize. Here are five things to consider that builders may not tell you upfront:
1. The Real Cost of Upgrades
Builders often showcase beautifully designed model homes that include top-tier upgrades. However, these upgrades can significantly increase the base price of the home.
What to Know:
Base Price vs. Final Price: The price advertised is typically for the base model without any of the custom finishes, appliances, or enhancements shown in the model home.
Upgrade Costs: Features like premium flooring, countertops, cabinetry, or smart home systems may come at a steep additional cost.
Pro Tip: Work with a buyer’s agent to negotiate upgrades or understand the actual costs involved in customizing your home.
2. Limited Customization Options
While new home builders in Village on Main Street may advertise customizable floor plans, your choices may be limited by builder packages and pre-set layouts.
What to Know:
Pre-Designed Options: Builders often offer a selection of design packages rather than full customization.
Restrictions on Changes: Structural changes, like moving walls or altering layouts, may not be possible.
Pro Tip: If you want a truly custom home, verify the extent of customization options with the builder before committing.
3. HOA Fees and Rules
The builder may not fully explain the ongoing costs and restrictions associated with the homeowners’ association (HOA) in Village on Main Street.
What to Know:
Fees: HOA dues can add a significant monthly or annual expense. These fees are often required for amenities like landscaping, community pools, and shared spaces.
Restrictions: HOA rules may limit your ability to make exterior modifications, park certain vehicles, or use your property for specific purposes.
Pro Tip: Request a copy of the HOA rules and regulations, along with a breakdown of fees, before finalizing your purchase.
4. Future Development Plans
Builders might not disclose all details about planned developments in and around the community, which could impact your quality of life or property value.
What to Know:
Construction Noise: Ongoing construction of additional homes or amenities could mean noise and disruptions for months or even years.
Traffic Impact: As the area grows, increased traffic and congestion may become a concern.
Pro Tip: Research the community’s master plan and inquire about any future developments or zoning changes in the surrounding area.
5. Potential Resale Challenges
While new homes are appealing, they may come with challenges when it’s time to sell, especially in a community where many similar properties are built.
What to Know:
Competition: If you sell your home within a few years, you may be competing with the builder’s new inventory of homes.
Depreciation of Upgrades: Some upgrades might not add significant value to your home during resale.
Pro Tip: Focus on timeless, high-quality upgrades that appeal to a wide range of buyers and consider the long-term appreciation potential of the area.
Conclusion
Village on Main Street in Frisco, TX, is an attractive community with much to offer, but it’s essential to go into the home-buying process fully informed. Partnering with an experienced buyer’s agent can help you navigate these hidden details, negotiate better terms, and ensure that your new home meets your needs and expectations.
Ready to buy in Village on Main Street? Contact a local real estate expert to guide you through the process and help you make the best decision for your investment.
Ready to start your home-buying journey in Frisco? Contact Nitin Gupta today and let him help you find your dream home!
About us: Frisco New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Frisco & Dallas area, I understand the challenges that arise when buying a new construction home. There are over 50 builders in the DFW area. I work with most of the new home builders in Dallas and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent in Frisco and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Frisco looking to buy a home in Dallas or Frisco or whether you are relocating to Frisco from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Frisco. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Frisco? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Frisco community that you can use to help make your home buying decision.
