How Much Is Your Home Worth?

The allure of a brand-new home—with its pristine surfaces, modern floor plan, and "new house smell"—is hard to resist. Colorado Springs, CO is currently seeing a boom in new developments, particularly on the East and North sides. However, buying a new build is a different animal than buying a resale home.
When buying a new construction home in Colorado Springs, you must remember that the sales representative at the model home works for the builder, not for you. Bringing your own Realtor, like Ted Bachara, is essential to ensure your interests are protected, your contract is fair, and you understand the long-term implications of your lot and floor plan choices.
The Base Price is Just the Beginning: The stunning model home you toured likely has $50,000–$100,000 in upgrades. Always ask for the "standard features" list.
Lot Premiums Matter: In Colorado Springs, CO, you will pay extra for a cul-de-sac, a larger yard, or a mountain view. Consider if the premium will help or hurt your resale value later.
Don't Skip the Inspection: Just because it’s new doesn't mean it’s perfect. Ted Bachara recommends a "pre-drywall" inspection and a final inspection before closing to catch builder errors.
Landscaping and Fencing: Many new builds in the Springs do not include back yard landscaping or fencing. You may need to budget an extra $10,000–$20,000 for this after you move in.
Understand the Timeline: Supply chain issues and weather (especially Colorado wind and snow) can delay closings. Always have a flexible housing plan.
Many new communities in Colorado Springs are part of a Metropolitan District. This often means higher property taxes to pay for the neighborhood's infrastructure. Ted Bachara helps buyers understand these tax implications so there are no surprises when the first tax bill arrives.
Signing Without Representation: If you walk into a model home without your agent the first time, some builders won't let you bring one later.
Over-Upgrading: Don't pick the most expensive tile if it makes your home the most expensive one on the block.
Ignoring the Warranty: Make sure you understand the "1-2-10" warranty common with many Colorado builders.
Can I negotiate the price of a new construction home? Builders rarely drop the base price, but they may offer "incentives" like closing cost credits or design center upgrades.
How long does it take to build a home in Colorado Springs? Currently, most builds are taking between 6 and 10 months from dirt to keys.
Should I use the builder's lender? Builders often offer big incentives to use their lender. Ted Bachara can help you compare their deal against an outside lender to see which is truly better for you.
If you're thinking about buying or selling a home in Colorado Springs, CO, reach out to Ted Bachara for expert guidance. Navigating a new construction contract is complex, and having an expert in your corner makes all the difference.