As the national and local real estate markets have improved over the past couple of years, Irvine housing construction has experienced a renaissance. New Irvine homes, Irvine condos and Irvine townhomes have been popping up all over the city as building plans years in the making have finally come to fruition. When driving on the 405 and 5 Freeways, you cannot help but notice the signs directing you to brand new Irvine real estate in Portola Springs, Great Park, Cypress Village, and other neighborhoods. If you decide to take a detour and view thew new homes and condos offered in Irvine, you will come away greatly impressed and maybe eager to buy. However, make sure you fully understand what you are getting before signing on the dotted line.
Looking at model homes can be an exhausting yet rewarding experience, mainly because there are so many options to view. Model homes are designed to give you a general sense of what your new home will feel like from a floor plan perspective, but your main focus will inevitably be drawn to all of the fantastic upgrades and modern appointments found throughout the models. This is how developers suck you, by showing you the luxury you can move into when buying a new home. When you find yourself enamored with particular upgrades, take a step back and really look at what these items will cost you. When a sales office rep quotes you a price for a particular home (that more often than not will be currently under construction or planned for future building), it is a base price that includes the standard features. Where you might have seen distressed wood floors in the model you love, the base price will be tile or laminate flooring. Everything you see in the model, from LED light bulbs to quartz countertops, is a potential upgrade, which means an additional cost on top of the base price.
Many builders, particularly in slower buying periods like the current season, will offer credits that you may use towards purchasing upgrades; you can even get upgrade credits for going with the developer’s preferred lender rather than your own. Before making any decisions of buying a new Irvine home, make sure you understand what is included with the base price, any incentives the developer is currently offering, and the costs of all potential upgrades. It is so easy to fall in love with the modern amenities found in model homes, and it is even easier to break the bank by adding these features.