Tampa New Construction Single Family Homes
Tampa New Construction Single Family Homes
Are The Numbers Growing?
Are New Construction Prices in Tampa Bay Declining?
While new construction building has generally been declining in the past couple of years, that does not mean that the homebuyers are going to get a lower price benefit. The cost of building material is always increasing.
Sure, the builders are jumping through hoops to make costs more manageable to the home buyer, but does that really mean that they have lowered their prices for the buyer? Of course not, because they can’t. They have however lowered the size of homes being built.
In the past several years the average size of a new construction single family home has decreased by 10% nationally to 2,420 square feet, while smaller homes with less space have increased 9.5%.
With smaller floor plans, builders make small spaces more efficient and remove rooms like dining areas, bathtubs and separate living areas. They are also shrinking secondary bedrooms and lofts.(Source: Wall Street Journal 8/23)
By reducing the size, they also reduce the cost of construction so the builders still maintain their profit margin. They are also putting on the “golden handcuffs” on new construction buyers by tying any
“perks" they offer to the buyer using their in-house services, that the builder owns. For instance, buyers must use their lender, their title company, and maybe even their insurance etc. in order to get the discounts offered.
Is that really a cost saving benefit to the new construction buyer? It is always a benefit to the builder and occasionally also to the home buyers. Let your buyer's agent be your guide on what you might save or not save money on.
Pros and Cons of Buying a New Construction Single Family Home
PROS: Buying new construction means that you are buying the latest and greatest in building codes and technology. No worrying about anything being outdated or falling apart.
No immediate expenses after closing. Insurance companies love to insure new construction!
CONS: New construction lots will be smaller, with more of a cookie-cutter community with little to no mature landscape. The homes will have a small choice of elevations with not much variety except for colors.
New construction homes will not have the unique character found in older homes, as usually the home features are pre-planned.
Why Buy New Construction in Tampa Florida?
Tampa has been one of the hottest cities for relocation since 2020….and for many good reasons.
This year U.S. News & World Report named Tampa the “Best City to Retire” in the US. In 2022, Tampa was named the “Best City to Live” in the U.S. as well as being Zillow’s Hottest Real Estate Market.
Tampa encompasses it all, top rated beaches, sunny weather year-round, strong employment market, top rated healthcare and hospitals, endless events, and is home to many theme parks and museums.
TIME Magazine released its list of 50 “World’s Greatest Places'' for 2023 and Tampa made the list…even when competing with European Cities.
For most it’s the sunny weather, stunning beaches, and, as well as, arts and entertainment. However, it's more than just the weather….
Tampa is booming, and developments like Water Street, destinations like Sparkman Wharf, Armature Works (link), and the 2.6-mile Riverwalk really got Time Magazine’s attention. Not to mention new big businesses coming into town as well as local businesses expanding.
“We used to be the retirement state, and I don’t think we’re that anymore,” said Lynda Remund, the President and CEO of Tampa Downtown Partnership. “You can walk around here, you can see all the young people walking around, there is a lot of energy here, there’s a lot of innovation going on.”
As the city grows so does its real estate market. Tampa new construction single family homes are growing.
David Weekly Homes are now selling these new construction single-family homes located in the Lake Magdalene area of North Tampa. This community features stunning homes with open-concept floor plans situated on 60-foot homesites.
At Hamlin Landing you’ll experience the best in design, concept, and service from a top Tampa home builder. This new construction gated community offers gated entry, pocket park and fountain, homes with a lakeview, close proximity to shopping, dining, and entertainment, as well as close proximity to I-275 offering access to Downtown Tampa. Hamlin Landing is offering homes between 4-6 bedrooms ranging from 2,540 to 3,673 square feet with 6 different home models.
South Tampa Urban Collection
South Tampa is one of the most sought-after neighborhoods in Tampa. Central Living by David Weekly is now building exceptional Urban Collection Homes near Westshore Business District and the NOHO area of Midtown Tampa.
The new community of South Tampa Urban Collection home offers traditional exteriors that blend with the surrounding neighborhoods, proximity to I-275, I-4, Selmon Expressway and the University of Tampa. There is easy access to parks, entertainment, and shopping in Hyde Park, Downtown Tampa and the Tampa Riverwalk. Available unit sizes range from 4-5 bedrooms at 2,660 to 2,974 square feet. Currently South Tampa-Urban Collection has a total of 4 quick move-in homes.
Another community entering the South Tampa market is Southport. Located next to MacDill Airforce base and Picnic Island, offering Tampa single-family new construction homes at reasonable prices.
Lennar is building Southport and it is located within proximity to Tampa International Airport, fine restaurants, high-end shipping options, and everything bustling in Tampa.
You will have access to multiple schools and family friendly attractions like the Florida Aquarium. Southport is offering 4-5 bedroom homes between 2,400 to 3,636 square feet.
Why do people keep moving to the Tampa Bay Area?
Friendly Atmosphere for all ages.. One of the most important things to consider when moving to a new city is safety.
Tampa has been recognized as one of the safest cities in America, and it's easy to see why.
There are plenty of family-friendly neighborhoods with low crime rates and good schools.
Lets not forget the nine months of perfect weather, a good job market, the beautiful beaches and the many interesting activities year round.