Due to significant growth in the Wood River Valley over the past 18 months, we are beginning to see new subdivisions take hold. The bulk of these developments are in Hailey, but smaller developments are arising in Ketchum and Sun Valley as well. For years our inventory was a bit tired with the bulk of our past resort area developments in the 80’s. These new subdivisions offer park access, modern architecture and hopefully, lower maintenance living.
What are some considerations when purchasing a new home?
- Get a home inspection. Just because it is a new home doesn’t mean you should skip the home inspection. New builds can have their share of defects.
- Ensure all permits for construction were pulled and are correct.
- You may consider paying for additional title insurance. The Title Company collects receipts from all tradespersons involved in the construction of your home and ensures there are no outstanding debts. If a mechanics lien surfaces after your purchase the Title Company is liable for the debts.
Have you seen some of these new subdivisions?
Nordic Court Warm Springs: https://www.nordiccourt.com/
Warm Springs Ranch
Colorado Gulch Preserve in Hailey