Real Estate
From its beginnings as a mining town in the mid-1800s, Park City has grown to over 7,300 residents and is indisputably Utah’s premier resort town. From its historic Main Street and thriving nightlife to its three world-class ski and snowboarding resorts, Park City never sleeps.
Park City is a great place to call home. As a world class resort town, this city offers exciting activities in spectacular surroundings year round. Many people visit in the winter and then decide to move there permanently after experiencing a Park City summer. A real estate agent can help you find the perfect Park City new home for you.
 |
||
| Population 7,371 | Median Age 32.7 yrs | Household Size: 2.72 |
| Avg Home Value: $450,900 | July High: 75.6°F | January Low: 10.6°F |
Park City New Homes
New construction is an excellent purchase, and a new Park City home is a great investment for any homebuyer. You get to pick out colors and finishes that appeal to you. First phase is the least expensive, and a little more of a gamble since you don't see the finished product. The last phase allows you to buy into a new, complete development and use all the facilities as promised. Always look at new construction as an option.
Finance
You should have a figure of how much you want to spend when you consult with a builder or architect. One of the first steps in the home-building process is to investigate and analyze your financial situation, and then find out how much money you'll have available for the construction and purchase of your custom-built home. It is smart to make preliminary financial moves, such as visiting a number of lenders. Have at least one lender pre-qualify you. After the lender gives you an estimate of your borrowing capacity, assess your own comfort level to decide what you can afford.
Builder
Some builders construct more than one type of home, but most specialize in a particular type, size or style. Therefore, it is very important to choose a builder according to your needs. Choosing a builder early in the process - ideally before you've settled on a site or design for your home - can set the stage for a successful home-building experience. Pick one who has a good reputation, can build the type of home you desire, one that can offer you a good warranty and one that is overall compatible with your vision.
Location
Investigate the Park City area of your choice thoroughly before building. One of the most important tasks in a successful home-building project is choosing the geographic area where you want your new home to be built. Factors to consider include the price of homes in the area, utilities, commuting time, property taxes and assessments, schools and quality of life.
Design
Once the site for your custom-built home has been selected, the design process can begin.
The custom-design process involves talking about ideas for your home, evaluating options for your home's floor plan, reviewing preliminary conceptual designs and preparing working drawings and specifications, which are the written instructions for building your home.
Construction
When building starts, keep an eye on progress, pay the bills and deal with any unexpected problems. Organize inspections and also be aware of safety issues at the building site. The construction phase of the home-building process is when all your dreams and plans come to fruition. Successful execution of your plan requires a joint effort by the builder, the subcontractors, the suppliers, the building department officials, the lenders and you.
A Park City new home will give you the opportunity to build a residence according to your specifications. Before committing to the ambitious act of buying a custom-built home, be familiar with the steps and precautions that should be taken. Having some knowledge or background of the city and obtaining the help of a real estate professional is an excellent way to make the dream of a new Park City home a reality.
By Karissa Lang
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®