If you’re looking to buy a house, you may find today’s limited supply of homes for sale challenging. When housing inventory is as low as it is right now, it can feel like an uphill battle to find the perfect home for you because there just isn’t much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home.
According to the latest data from the U.S. Census, there’s positive news regarding new home construction. When you look at the first three months of this year, you’ll find:
- More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search.
- Builders broke ground and started construction on more single-family homes. This means more homes are intended for one household in the beginning stages of construction, allowing you to customize one to your liking.
- The number of permits for building new single-family homes ticked up. This shows builders are ramping up to start on even more home construction soon.
And while this is all good news for broadening your options for your home search, other perks come with considering a newly built home.
Customization
When you buy a new home under construction, you can tailor it to your unique needs and taste. Bankrate says:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs.”
Brand New Everything
Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.
Minimal Repairs
And, because everything is new, you’ll likely find fewer maintenance and repair needs upfront. As Realtor.com explains:
“. . . if something does go wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
Energy Efficiency
Lastly, building a home allows you to incorporate more energy-efficient options that can help lower your costs over time – which can feel especially important when inflation’s raising many of the costs around you.
Key Takeaway
If you’re having trouble finding your dream home in today’s market, it may be time to consider newly built homes. Let’s connect so you have an expert to help you explore what’s available in our local area.
You may be a prospective buyer flocking to NYC’s suburbs and are facing a competitive real estate market in unfamiliar areas. As a prospective buyer, you don’t have to navigate the search alone. Instead, I can introduce you to a local Luxury Property Specialist in the areas you’re considering. In concert with a local Luxury Property Specialist, we are committed to providing the most competitive and seamless service for your move, no matter where or how many areas you are considering.
We want to guide you to find your dream home and hometown. These last few years, we have felt secluded and are eager to be part of a community. A community where you feel supported and are excited to be a part of. The local Coldwell Banker Luxury Specialists will spend the time getting to know you and your families and what you value. They will guide you in finding the community that “fits” you. The Luxury Property Specialist will introduce you to the local restaurant scene, the community pool, the runners club, the local theater, the country club offering golf and tennis, and so much more. Luxury Property Specialists are a resource for wealth management advisors, attorneys, tax advisors, relocation services, design, contractors, movers, and transportation, and they can direct you to local school information.
The Coldwell Banker® brand is North America’s most established residential real estate company. The Coldwell Banker network is still recognized for its innovation and leadership across 3,000 offices in 43 countries and territories.
Please don’t hesitate to ask me any questions about any area you are considering, including questions related to the moving process.
Other educational articles about the market and your home search are under Karen’s Blog. Additionally, explore the search bar for other topics of interest.
