Kitchen with tiled backsplash, built-in range, and luxury cabinets


Florida Luxury Homes
Frequently Asked Questions

Does new construction in Florida hold its value?

There are many reasons for choosing to live in Florida, but one of the biggest is that it makes economic sense. According to U.S. News & World Report, seven of the top 10 fastest-growing places in the U.S. in 2022-2023 were in Florida. And overall, only Texas and California have
bigger populations. Because of Florida’s continued growth, the real estate market is one of the hottest in the country. How hot? Half of all buyers of single-family homes are offering all-cash deals. And individuals who can put up all-cash for a house often have more opportunities, such as:
— Your offer will be more attractive to a seller, who may give you a price break in return for the cash offer.
— The timeline for closing the deal will likely be streamlined and shortened.
— You will avoid the fees and costs connected with obtaining a mortgage.

What other factors affect my new home’s value?

If you have your builder max out on upgrades, you are less likely to recoup your investment. Also, bold design decisions — such as a vividly colored kitchen backsplash — may be a turnoff to buyers. Many experts say that if you intend to live in the new home for five years or less, it makes sense to keep the decor “safer” and more neutral. If you plan to be in your home for many years, you should build your home to suit your tastes. Other factors that affect value can fluctuate, such as interest rates, and the current job market. Home prices are currently leveling off because of the increasing interest rates.

Why should I build a new home instead of buying an existing home?

In general new construction is more in demand than existing homes. This appeal is due to several considerations, not the least of which is financial. Buyers can get a better deal on new construction for a couple of reasons. First, many current homeowners have a 3 percent mortgage, and they can’t afford to sell and move to an 8 percent mortgage. This reduces the available inventory of existing homes. Second, when a buyer starts working with a developer in the early stages — during planning before a house is complete — some developers will reduce their fee because their risk is also reduced. Thus, buyers willing to go the custom route tend to get the benefit of the speculating profit charged by the builder for taking the market risk and other factors.

Another reason for the appeal of new construction is that a new home comes with the protection of warranties provided by the builder and manufacturers. This means you won’t be faced with costly repairs, maintenance, or remodeling for many years to come, all of which puts you ahead financially. Plus, when you build a new home you get to customize the design, construction, and finishes exactly to your taste.

There are lots of contractors out there. Why should I choose Crescent Homes?

When you choose Crescent Homes you choose a company with a long, successful track record. Owner Calvin Baty has decades of experience and completed thousands of new homes and remodeling projects. In Florida, we focus on building luxury single-family homes along the Gulf Coast of Tampa, St. Petersburg, Clearwater, and Sarasota. Another reason to choose Crescent Homes is our great customer service. When you make a phone call or send an email, we give you a timely response.

I know I want to build a new home, but the design choices are overwhelming. What should I do?

Building a high-end luxury home is a major life event that involves dozens of decisions. That’s why Crescent Homes Florida always works with a reputable design team that includes a designer and architect as part of the team. Having a reputable design team in place from the onset of the project ensures that you get the home you want and that it will be built in a timely, professional manner. If you need help in locating a designer and architect, talk to Crescent Homes and we will make recommendations on where to begin. Also, make connections with other homeowners who have worked with designers and are willing to share their experience. Finally, browse through Crescent Homes’ portfolio of completed homes for inspiration. The more information you can give a designer the better the outcome of the process.

Does a pool add value to your home?

Real estate experts say a swimming pool can add about 7 percent value to a home in a climate where you can swim year-round, which certainly includes Florida. A pool is also a feature that is attractive to many prospective buyers of luxury homes.

How do I design a swimming pool for my property?

If a pool is part of your vision for your new Florida home, a good way to get started is to save photos of pool designs that you like. Look at home improvement magazines, visit websites online, and talk to homeowners who have already had a pool built. Think about whether you want an infinity pool, whirlpool spa, waterfall, fence, or another amenity. Together with your designer, Crescent Homes can bring your dream to life.