Buyers Turn to New Construction

As of late, buyers are increasingly turning to newly constructed homes! Are you one of them?
New home sales continue to be stronger than existing-home sales, as homebuyers eagerly elect to build their dream home rather than buy it. Given the dearth of existing home listings and how competitive the bidding process still is, let’s look at why building a house is a good idea in today’s market:
  • Customization: Building a house from the ground up lets you personalize it to suit your lifestyle and tastes – from the layout, cabinets and flooring to the sinks, lighting and doorknobs!
  • Low to no competition: The real estate market isn’t as competitive as it was last year; if you buy and/or own land to build your home on, you obviously have zero competition!
  • Little maintenance: Since new homes must meet current building codes and have up-to-date technology, you likely won’t have to worry about big repairs or maintenance issues for the first few years—no leaky roofs or failing HVAC systems for you. Plus, you don’t have to worry about finding the last owner’s bad duct-tape repairs.
  • Low energy costs: New homes often feature the latest energy-efficient systems and materials, which lead to lower energy bills.
  • Newness: You get to start fresh as the first owner of your home and enjoy brand-spanking-new everything. We love that new house smell, don’t you?
Want to learn more about the journey toward homeownership? Click here to find a local lender!

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