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What we are back after a much needed summer break from school! And today we’re going to touch on the pros and cons of building a new home! Coming up of Episode 18 of South Metro Denver Real Estate Report**Music** Recording from South Denver where the real estate market fluctuates as much as our weather this is South Metro Denver Real Estate Report and I am your host Joy Fraser licensed broker and owner of Colorado Luxury Houses powered by Keller Williams. This is Episode 18- Should I Build?Real Estate Report for South Metro Denver- The last time we recorded was the end of May so we are going to do a quick summer recap! In the attached arena there are 335 properties for sale, 242 properties went under contract, and 498 sold. The average price was $339,975. The detached market there are 1599 properties active on the market. There are 1030 properties went under contract. And 2197 properties closed and the average price was $530,000. We will use these numbers as our baseline for the fall. What’s Hot!New construction! Come on down to the South Denver Metro area and you will see a plethora of new construction neighborhoods being built. Some builders have multiple neighborhoods and some just have one. The most wrestling question is...should I build or do upgrades to my house? We want new construction so we can get what we want. There are three words I have to say… Location Location Location. When you are looking for a house you should always remember you can change everything except the location. If there is a great location in an existing home, or if you have a great location but don’t like the style anymore. Think about the cost to upgrade, especially on your existing home and the costs associated with selling. You don’t get that money back and it could go into updates. Builders also charge a premium for their design center upgrades. You will get a lot more home from an existing buyer than you will from a builder because of their upgrade costs. So if you don’t want to do anything, except landscaping, then new construction is the way to go. If you want a bit more bang for your dollars then existing and doing some sweet equity is the thing for you! Either way I can help you with your home purchase! Tip of the Day-When you go into a new builder office to look at the models, if you have a real estate agent, like me, then tell them the agents names and contact info so that you can get registered in their system properly. And they will reach out the agent. Truth or Fail-Who’s your favorite builder? One More Thing- I am so excited to tell you about a lender that partners with Keller Williams agents it’s called, Keller Mortgage, with this lender I can show you how you can save thousands on your purchase. The Zero Plus Loan does not charge an origination fee, underwriter fee, processor fee, transaction fees, rate lock fee, etc! And they also give a $1,000 credit back at closing, which will cover the cost of your Appraisal. It does sound too good to be true and there is one catch… you knew it there had to be a catch…. It is exclusive to Keller Williams transactions. If you are in Colorado I can send you the loan application and you can get started right away. If you are outside of Colorado I can get you paired up with a KW agent so you can utilize this awesome lending program. Visit kellermortgage.com, Keller Mortgage NMLS ID #140234. Don’t forget to play Would you rather on Instagram tomorrow just follow me @realtorjoyfraser. And if you or any of your friends or family have any real estate needs I am ready to help them visit my website at coloradoluxuryhouses.comThanks for listening to South Metro Denver Real Estate Report with Joy Fraser. If you like this podcast and want to know more check out coloradoluxuryhouses.com or leave us a review on iTunes. Join us nex