Thinking about buying a new build? Here are the numbers you need to know:
💸The Tax Rate
It can be much higher in quickly developing areas where new builds are springing up!
✨PID & MUD Taxes: Ever heard of them?
PID = Public Improvement District Tax: usually pays for sidewalks, streets, utilities, landscaping & parks
MUD = Municipal Utility District: usually pays for water, drainage, sewage, sometimes roads, sidewalks & parks.
If your new-build is in the middle of nowhere (for now) those startup costs get baked into additional taxes.
🏡HOA Fees: They vary!
No amenities? Under $100/month is typical.
Got a clubhouse, pool, or tennis courts? Expect it to be over $100/month.
🏗️Build Time: Are you able and willing to wait – even if it means delaying a move for a year?
🔍Rate Lock: Don’t get surprised by a closing interest rate that is much higher than the number you expected when you signed your contract.
Save this post for later. Better yet, reach out today and let me help you navigate the new build world.
#Newconstruction #newbuild #realestate
Today is a good day to get started, let’s embark on this exciting journey together. Reach out to Ashe County Realty today, and let our experienced team guide you through the real estate market. Whether it’s a cozy cabin in the mountains or a charming home in town, we will help you find the perfect place to call your own.
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www.ashecountyrealty.com