• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Agent Resources
623.299.2148
CENTURY 21 Northwest Realty

CENTURY 21 Northwest Realty

Buy, Sell, Rent, Manage

  • About
    • Leadership
    • Our Agents
  • Careers
  • Buy
    • Rent To Own Process
    • Retirement Communities in AZ
    • New Home Construction in Phoenix
    • Home Affordability Calculator
  • Sell
    • Home Selling Process
    • Sell Your Home Fast
    • Home Evaluation
  • Property Management
    • Portal Login
    • Century 21 Rental Listings
  • Commercial
    • Commercial Property Management
  • Blog
    • Home Buying Programs
    • Home Buying Tips
    • Home Selling Tips
    • Property Management Tips
    • Planned Communities
  • Home Search
    • Homes for Rent in AZ
    • Featured Listing
    • Homes by Features
    • Homes by City
  • Contact
    • Glendale Office
    • Tempe Office

Retirement Communities in AZ

New Build Retirement Homes and Communities

Planning your retirement is all about building – building a lifestyle that supports your needs, surrounding yourself with people and amenities to provide comfort, and creating a financial plan that relieves you of stress. One of the best ways to achieve this is by investing in a retirement home and exploring new build retirement homes and communities.

These are so many modern properties in Arizona designed to foster equity growth, while also allowing you to enjoy your dream home. However, new retirement homes might not be the right fit for everyone, so take a look at some of the pros and cons of investing in new construction retirement home builders.

  • Table of Contents

    • New Build Retirement Home Communities
    • Pros of New Build Construction
    • Downsides of Buying a New Build Retirement Home
    • Should I Work With an Agent?
    • Find Your Dream Retirement Home
  • Download the Guide
Home > Retirement Communities in Arizona > New Build Retirement Homes and Communities
  • Table of Contents

    • New Build Retirement Home Communities
    • Pros of New Build Construction
    • Downsides of Buying a New Build Retirement Home
    • Should I Work With an Agent?
    • Find Your Dream Retirement Home

Download the Guide

What Are New Build Retirement Home Communities?

Retiring in a New Build

In new build retirement home communities, the homes are usually bought and moved into as brand new units. This is a trend that many baby boomers and current retirees are using to leverage their retirement capital, especially those looking to retire early.

Active adults with financial flexibility will find themselves with plenty of options in retirement 55-plus communities. In fact, many people are even buying a new build home sooner rather than later as they inch closer to retirement. Buying a retirement home before you retire is a great way to secure lower interest rates while you’re still working. Then, you can even rent out your home before you move in.

Pros of New Build Construction

benefits of a new home

There are several benefits of building a new home in a retirement community. For starters, you don’t have to worry about some of the eventual upgrades that come with an older home like replacing the electrical panel or replacing the roof. Additionally, the design style will be more contemporary and modern than in older homes.

One of the other benefits of these new build retirement bungalows is that the community they’re located in is often as upgraded as the house itself. Brand new pools, tennis courts, and walking trails make retirement a literal walk in the park.

All of the pros of new builds means that these properties are also very attractive to renters. If you’re looking to buy a home before you officially retire to rent out, these recently developed communities may be the perfect spot for you.

Downsides of Buying a New Build Retirement Home

Know the Details

Unfortunately, there can also be downsides to buying a new build home in retirement. Between hidden costs, long timelines, and unforeseen issues during construction, new builds can be expensive and take a toll on your retirement plans

Hidden Costs

One of the most common issues that can come up with new builds is the financial planning aspect. A lack of accounting for back-end costs such as appliances, repairs, and fees can leave you with a short-term hardship if you don’t focus on the details. The costs of landscape, which are not usually included in the purchase price and are therefore not included in a purchase loan can leave the buyer with an enormous out of pocket expense.  Additional expenses could include; window coverings, security systems, pools, and non standard fixtures.

To create an ideal retirement environment, most new build retirement homes are in communities which  needs regular maintenance. This means you might spend monthly fees on common area  landscaping, and upkeep costs. Additionally, there are recreational fees, impact fees, and other one time expenses that you’ll need to account for. 

Home Inspection

A new-build retirement property implies that it is built from scratch and to your specifications, so it’s easy to assume that a home inspection would be a waste of money. However, having a third-party contractor evaluate your structures and systems is often a roadmap to success in saving money long-term. While the up-front cost is going to be added on to an already expensive initial investment, inspecting your new home can save you down the road.

New call-to-action

For example, a home inspection can help alert you of structural insecurities related to grading, framing, or foundational cracks. Similarly, HVAC units and electrical problems are standard regardless of when a home is built. It’s better to assume that there are deficiencies than just cross your fingers and hope there are none.

Ultimately, if the goal is to build a home, lifestyle, and financial plan in one purchase, then protecting it with an inspection seems wise. Plus, outside of the cost, home inspection has never been easier and more reliable. Protecting your investment is rarely a strategy that backfires, so if you can, you should.

New Build Construction Timeline

When building a new retirement home, there are certain variables that can affect the timing. Depending on the type of community, their standards, and the type of home setup you are looking for, the average time to build a new construction is a little over 7.5 months, though that number is slightly lower in the west.

This timeline can be accelerated or pushed back by the terms of the community that you build in, so make sure that you learn the specific terms before committing to anything. There are authorization processes, and sometimes if you are looking to build your dream home in an up-and-coming 55+ community, there could even be a waitlist.

Things like weather, construction hiccups, or financial stress can also interrupt or prolong the build of your new house. For this reason, you should plan for a home build to take a full year; then you can be pleasantly surprised if it is quicker!

Should I Work With an Agent?

real estate is a big purchase

When getting ready for a big real estate purchase, especially one that determines how you’ll spend your retirement, a real estate agent can be a huge help. If you’re not experienced in the market or need more insight about how retirement buying can be different than standard home purchasing, here are some questions an agent can help you with:

  • How long will it take to build a new house?
  • Am I paying a fair price?
  • What upgrades are most important in resale?
  • What kind of home warranty will I get?
  • What are my options for different senior living projects?
  • How do I set up my retirement home?
  • Which particular properties are good retirement investments?
  • Can I buy a new-build retirement home to rent out?
  • Who will advocate for me if the construction quality is lacking?
  • What are the best active adult communities and where are new retirement homes near me?

Overall, we recommend spending some time in contact with an agent regardless of your level of expertise in home buying and building. The amount of stress and money that an agent can save you far outweighs any small fees.

Find Your Dream Retirement Home

What's Your Happy Ever After

When planning for your retirement, your dream home is a huge part of that vision for happily ever after. Buying a new build property can help you maximize your success, but you should work with an experienced real estate agent to help minimize any risks. Their knowledge of the market and your location can help with cost-management and make life easier down the road.

If you’re ready to take the next step in your retirement journey, start by browsing some beautiful homes in Arizona retirement communities.

  • Table of Contents

  • Intro Retirement Communities in Arizona
  • Chapter 1: Retiring in Arizona Pros and Cons
  • Chapter 2: Why You Need a Retirement Community Expert
  • Chapter 3 Snowbird Rentals Arizona
  • Chapter 4 Reverse Mortgages
  • Chapter 5 New Build Retirement Homes
  • Chapter 6: Mobile Home Retirement Communities in Arizona
  • Chapter 7:  Arizona Retirement Golf Communities
  • Chapter 8: Sun City
  • Chapter 9: Sun City West
  • Chapter 10: Sun City Grand
  • Chapter 11: Sun City Festival
  • Chapter 12: Westbrook Village
  • Chapter 13: Trilogy at Vistancia
  • Chapter 14: Victory at Verrado
  • Chapter 15: Anthem at Merrill Ranch
  • Chapter 16: Leisure World Mesa AZ
  • Chapter 17: Sun Lakes Retirement AZ

Take Our Retirement Community Quiz

Find out which retirement or active adult community is right for you.

Start Now!

Footer

We are Century 21 Northwest Realty.

(623) 299-2148

[email protected]

  • Portal Login
  • Agent Resources
  • Rental Listings
  • Privacy Policy
  • Twitter
  • Facebook
  • LinkedIn

Copyright © 2022 · Century 21 Northwest 2020

  • Portal Login
  • Agent Resources
  • Rental Listings
  • Privacy Policy

© 2020 Centurion Investments, Inc. All rights reserved.
CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Centurion Investments, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.