Not always. New construction in North Port has a median sold price of $330,000 versus $300,000 for resale. But new construction is sitting at 131 days on market versus 53 days for resale. That longer market time means builders are negotiating, which creates real buyer opportunity.

Yes. A new construction home in North Port costs approximately $752 per year to insure. A comparable resale home costs approximately $1,534 per year. New construction meets current Florida wind codes which significantly lowers insurance premiums.

Builder incentives are concessions builders offer to move inventory. They can include closing cost credits, rate buydowns, or upgrades. When a new construction home has been sitting for 131 days, builders are often willing to negotiate on price and incentives. Resale sellers are competing directly against these incentives.

It depends on the market and your priorities. In North Port, new construction has more negotiating room right now because of high days on market. In Port Charlotte 33948, resale prices are appreciating. The right answer requires looking at the specific community, not just the region.

Builder contracts are written by the builder's legal team to protect the builder. They are not the same as a standard resale contract. Having an independent agent review the contract before you sign is one of the most important steps in a new construction purchase.