Metro East Real Estate BlogRecently posted or modified blog posts in the category - New Constructionhttps://www.yourhomeyourloan.com/blog/Copyright YourHomeYourLoan.com2024-01-16T08:06:04-07:00tag:yourhomeyourloan.com,2012-09-20:35200Why You May Want To Seriously Consider a Newly Built HomeWhy You May Want To Seriously Consider a Newly Built Home
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Are you putting off your plans <a href="https://www.simplifyingthemarket.com/en/2023/12/29/the-benefits-of-working-with-an-agent-when-you-sell-your-house-infographic/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">to sell</a> because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.
Near-Record Percentage of New Home Inventory
Newly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from the <a href="https://www.nahb.org/news-and-economics/press-releases/2023/12/new-home-sales-down-in-november-but-should-improve-moving-forward" rel="noopener noreferrer" target="_blank">National Association of Home Builders</a> (NAHB):
“Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.”
That means the percentage of the total homes available to buy that are newly built is well over two times higher than the norm. And even more new homes are on the way.
<a href="https://www.census.gov/construction/nrc/pdf/newresconst.pdf" rel="noopener noreferrer" target="_blank">Recent data</a> from the Census shows there’s been an uptick in both housing starts (where builders break ground on more new homes) and housing completions (homes where construction just wrapped).
And while some people may worry builders are building too many homes, that isn’t a concern – if anything, the recent increase is really good news. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), <a href="https://www.nar.realtor/magazine/real-estate-news/home-sales-start-to-rise-building-momentum-for-2024" rel="noopener noreferrer" target="_blank">explains</a>:
“Even more home building will be needed with the housing shortage persisting in most markets . . . Another 30% rise in home construction can easily be absorbed in the marketplace . . .”
How This Helps You
Since the supply of existing <a href="https://www.simplifyingthemarket.com/en/2023/12/18/why-now-is-still-a-great-time-to-sell-your-house/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">homes for sale</a> is still low right now, the increase of new-home construction can be a game changer because it gives you more options for your search.
Picture yourself in a home that’s new from the ground up: new appliances, fresh paint, fewer maintenance needs because everything is new, and so much more. Doesn’t that sound nice?
And it may be more within reach than you ever imagined. In addition, some builders are offering things like mortgage rate buy-downs for homebuyers right now. This can help offset today’s affordability challenges while also getting you into your dream home. In a recent article, Patrick Duffy, Senior Real Estate Economist at U.S. News, <a href="https://realestate.usnews.com/real-estate/articles/things-to-know-before-building-a-new-home" rel="noopener noreferrer" target="_blank">explains</a>:
“Builders have been using mortgage interest rate buydowns for many years as a sales incentive whenever interest rates are relatively high, . . .Today more builders are offering rate buydowns for the entirety of the loan, allowing buyers to finance more home for the same payment amount.”
Just remember, the process of buying from a builder is different from buying from a home seller, so it’s important to partner with a trusted <a href="https://www.simplifyingthemarket.com/en/2023/12/21/sell-smarter-why-working-with-a-real-estate-agent-may-beat-going-solo/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">real estate agent</a> who knows the local market. They’ll be your go-to resource for coordinating with the builder, reviewing contracts, and more.
Bottom Line
If you’re trying <a href="https://www.mykcm.com/2023/12/22/get-your-house-ready-to-sell-this-winter-infographic/" rel="noopener noreferrer" target="_blank">to sell</a> so you can make a move but you’re having a hard time finding a home you like, let’s connect. That way you have a local expert to help you explore all of your options, including the newly built homes in our area.2024-01-16T08:05:07-07:002024-01-16T08:06:04-07:00Angie Ezzelltag:yourhomeyourloan.com,2012-09-20:29758People Want Less Expensive Homes – And Builders Are RespondingPeople Want Less Expensive Homes – And Builders Are Responding
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In today’s housing market, there are two main affordability challenges impacting buyers: <a href="https://www.simplifyingthemarket.com/en/2023/08/03/how-inflation-affects-mortgage-rates/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">mortgage rates</a> that are <a href="https://www.simplifyingthemarket.com/en/2023/07/19/explaining-todays-mortgage-rates/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">higher</a> than they’ve been the past couple of <a href="https://www.freddiemac.com/pmms/archive" rel="noopener noreferrer" target="_blank">years</a>, and rising home prices caused by <a href="https://www.simplifyingthemarket.com/en/2023/08/08/theres-only-half-the-inventory-of-a-normal-housing-market-today/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">low inventory</a>. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a historically large <a href="https://www.simplifyingthemarket.com/en/2023/06/29/where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">percentage</a> of the total available inventory today, that search often includes brand new homes.
People Are Spending Less on Newly Built Homes
The graph below uses the latest information from the <a href="https://www.census.gov/construction/nrs/index.html" rel="noopener noreferrer" target="_blank">Census</a> to show, in June, more of the newly built home sales in this country were in lower price ranges than in 2022:<a href="https://www.simplifyingthemarket.com/en/content/images/20230816/20230817-Newly-built-home-sales-by-price-segment.png?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/content/images/20230816/20230817-Newly-built-home-sales-by-price-segment.png" /></a>Last year, only 58% of newly built home sales were less than $500,000. This June, that number was up to 65%. This means more people are buying less expensive newly built homes right now while affordability remains a challenge.
Builders Are Offering Lower-Cost Options
Builders have picked up on this trend and are reacting accordingly. George Ratiu, Chief Economist at Keeping Current Matters, <a href="https://twitter.com/KCMcrew/status/1684206839523684355" rel="noopener noreferrer" target="_blank">explains</a>:
“Builders are also responding to this shift by bringing slightly smaller homes to market in an effort to meet lower price points . . .”
New <a href="https://www.census.gov/construction/nrs/index.html" rel="noopener noreferrer" target="_blank">data</a> from the Census further confirms this pattern – it shows the median sales price of newly built homes has dipped down in recent months (see graph below):<a href="https://www.simplifyingthemarket.com/en/content/images/20230816/20230817-Newly-built-home-prices-reflect-smaller-homes.png?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/content/images/20230816/20230817-Newly-built-home-prices-reflect-smaller-homes.png" /></a>And as Mikaela Arroyo, Director of the New Home Trends Institute at John Burns Real Estate Consulting, <a href="https://www.marketwatch.com/story/the-shrinking-american-home-as-demand-rises-builders-go-smaller-ed2a327c?siteid=msnheadlines" rel="noopener noreferrer" target="_blank">says</a>, the builders who are most responsive to this trend are forming pathways to homeownership:
“. . . it is creating opportunities for people to be able to afford an entry-level home in an area. . . . if you get that size down, that automatically will make it a more affordable home. The [builders] that are decreasing [size] the most are probably the ones that try to build more of an affordable product.”
How an Agent Can Help
Builders producing smaller, less expensive newly built homes give you more affordable options at a time when that’s really needed. If you’re hoping to buy a home soon, partner with a local real estate agent to find out what’s available in your area. An agent can help you look at newly built homes or ones under construction nearby.
Bottom Line
If you’re having a hard time finding a home you like in your budget, let’s connect. You need a <a href="https://www.mykcm.com/2023/08/09/the-value-of-an-agent-when-buying-your-new-construction-home/" rel="noopener noreferrer" target="_blank">real estate professional</a> who knows all about the latest inventory in our area, including homes still under construction or just built. That way you have an expert on your side who can provide information on builder reputations, builder contracts and negotiations, and more to help you with the homebuying process.2023-08-17T07:09:04-07:002023-08-17T07:10:35-07:00Angie Ezzelltag:yourhomeyourloan.com,2012-09-20:29595The Value of an Agent When Buying Your New Construction HomeThe Value of an Agent When Buying Your New Construction Home
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Buying a <a href="https://www.simplifyingthemarket.com/en/2023/06/29/where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">new construction</a> home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.
An article from The Mortgage Reports <a href="https://themortgagereports.com/91925/guide-to-buying-a-new-construction-home" rel="noopener noreferrer" target="_blank">sums</a> it up like this:
“Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”
Here’s how your agent is an invaluable resource in your search to find and buy your new home.
Agents Know the Local Area and Market
Your agent is well-versed in the emerging communities and upcoming developments that could influence your decision. For example, you'll want to be aware if there were any plans to construct a highway through the woods behind your prospective backyard. It’s important to consider how the neighborhood and the surrounding area might evolve before making your home purchase. Your agent can help you find a community that perfectly aligns with your preferences, lifestyle, and future needs.
Knowledge of Construction Quality and Builder Reputation
An agent also has the expertise to evaluate the construction quality and <a href="https://www.nahb.org/other/consumer-resources/how-to-choose-a-home-builder" rel="noopener noreferrer" target="_blank">reputation</a> of different builders. Their knowledge and experiences with local builders allow them to offer insights into each one’s track record, customer satisfaction, and construction practices. This information can help you avoid any potential risks and help you confidently select a builder known for delivering quality homes.
Assistance with Customization and Upgrades
The most obvious benefit of opting for new home construction is the opportunity to customize your home to suit your preferences. Your agent will guide you through that process and share advice on the upgrades that are most likely to add long-term value to your home. Their expertise ensures you focus your budget on areas that will give you the greatest return on your investment later on.
Understanding Builder Contracts and Negotiations
Builder <a href="https://www.realtor.com/advice/buy/steps-to-buy-a-new-construction-home/" rel="noopener noreferrer" target="_blank">contracts</a> can be complex and differ from traditional home purchase agreements. Your agent can help you navigate these contracts to make sure you fully understand the terms and conditions. They’re also skilled negotiators who can advocate on your behalf, potentially securing better deals, upgrades, or incentives for you throughout the process.
Bottom Line
The guidance and expertise of a local real estate agent can make all the difference in turning your vision of the perfect home into a reality. Let’s connect so you can feel confident about purchasing your new construction home.2023-08-09T10:18:29-07:002023-08-09T10:19:23-07:00Angie Ezzelltag:yourhomeyourloan.com,2012-09-20:29085Momentum Is Building for New Home ConstructionMomentum Is Building for New Home Construction
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If you’re in the process of looking for a home today, you know the <a href="https://www.simplifyingthemarket.com/en/2023/07/06/todays-housing-inventory-is-a-sweet-spot-for-sellers/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">supply of homes</a> for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.
As a recent article from the National Association of Realtors (NAR) <a href="https://www.nar.realtor/magazine/real-estate-news/contract-signings-slow-but-buyer-demand-is-still-high" rel="noopener noreferrer" target="_blank">says</a>:
“Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about half the level it was in 2019 . . . Meanwhile, the market for new construction is a bright spot.”
Here’s a look at a key metric that shows just how much new home construction is ramping up nationwide. It’s called new residential completions. Basically, completions are newly built homes that are finished and ready to move into.
The graph below uses <a href="https://www.census.gov/construction/nrc/current/index.html" rel="noopener noreferrer" target="_blank">data</a> from the Census to show the trend of new-home completions over time, including the long-term average for the number of finished housing units (shown in black on the graph):
<a href="https://www.simplifyingthemarket.com/en/content/images/20230707/20230711-new-residential-completions-increase.png?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/content/images/20230707/20230711-new-residential-completions-increase.png" /></a>
As you can see on the left (shown in orange), leading up to the housing crash, builders exceeded that average. The result was an oversupply of homes on the market, so <a href="https://www.simplifyingthemarket.com/en/2023/06/12/are-home-prices-going-up-or-down-that-depends/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">home values</a> declined. That was one of the factors that led to the housing crash back in 2008.
Since then, the level of new home construction has fallen off, and builders haven’t built enough homes to meet the historical average (shown in red). That underbuilding left the housing market with a multi-year inventory deficit. And, that deficit is part of what makes inventory so low right now.
But, here’s the good news. The green on the right shows that according to the <a href="https://www.census.gov/construction/nrc/current/index.html" rel="noopener noreferrer" target="_blank">latest report</a> from the Census, builders are matching the long-term average right now. And that means they’re bringing more newly built homes to the market than they have in recent memory.
And residential starts and permits are also gaining momentum. Starts are homes where the construction has officially kicked off. Permits are homes where builders are planning to break ground soon. Since both are up, it’s a sign there are even more newly built homes coming soon.
What This Means for You
More newly built homes in various stages of the construction process means your pool of options just got bigger. If you’re looking to move right now and timing is important to you, reach out to a local<a href="https://www.simplifyingthemarket.com/en/2023/05/22/why-buyers-need-an-expert-agent-by-their-side/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank"> real estate professional</a> to explore the homes that were recently completed in your area. If construction is done on those homes, you should be able to move in quickly.
But, if you can wait a bit and the idea of customizing a home from the ground up appeals to you, ask that same agent about the homes in your area that are in the process of being built. If you buy a home that’s still in the works, you can help pick the features and finishings along the way. And when none of the homes you’ve looked at so far are to your liking, being able to tailor one to your taste may be your best option.
Either way, a trusted real estate agent is a crucial part of the process. They’ll know exactly what’s available in your area and can base their recommendations on your unique needs, desired neighborhoods, and more.
Bottom Line
So, if you're having trouble finding a home you like while inventory is so low, it may be time to consider looking into new-home construction. If you'd like to start that conversation, let’s connect so you’re working with an expert on what’s available in our area.2023-07-11T07:13:05-07:002023-07-11T07:19:21-07:00Angie Ezzelltag:yourhomeyourloan.com,2012-09-20:28904Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.
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Do you want to <a href="https://www.simplifyingthemarket.com/en/2023/06/15/why-buying-or-selling-a-home-helps-the-economy-and-your-community/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">sell</a> your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.
That means when you go to put your <a href="https://www.simplifyingthemarket.com/en/2023/06/21/eco-friendly-energy-efficient-homes-attract-buyers/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">house</a> on the market this <a href="https://www.simplifyingthemarket.com/en/2023/05/26/moving-now-can-give-your-house-its-day-in-the-sun-infographic/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">summer</a>, considering newly built homes is crucial for expanding the options you’ll have for your next move.
Near-Record Percentage of New Home Inventory
Newly built homes today make up a near-record percentage of the total number of homes available for sale (see graph below):
<a href="https://www.simplifyingthemarket.com/en/content/images/20230627/20230629-newly-built-homes-make-up-31-percent-of-total-inventory.png?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/content/images/20230627/20230629-newly-built-homes-make-up-31-percent-of-total-inventory.png" /></a>
In fact, as the data shows, newly built homes now make up <a href="https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales" rel="noopener noreferrer" target="_blank">31%</a> of the total for-sale inventory. Over the past couple of decades, newly built homes made up an average of only around <a href="https://www.census.gov/housing/hvs/data/histtabs.html" rel="noopener noreferrer" target="_blank">13%</a> of total housing inventory from 1983 to 2019.
That means the percentage of the total available homes that are newly built is over two times higher than the norm.
Why This Matters to You
Overall, the supply of homes for sale is still low. And when there’s limited supply, it’s crucial to explore all of your available choices. New-home construction has emerged as a game changer with increasing inventory. Not to mention, recent <a href="https://www.census.gov/construction/nrc/current/index.html" rel="noopener noreferrer" target="_blank">data</a> shows it’s gaining even more momentum as more newly built homes are underway and will be coming to the market in the months ahead.
Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), highlights the importance of newly built homes for those looking to buy in today’s housing market. Dietz <a href="https://www.usatoday.com/story/money/2023/05/16/new-home-construction-silver-lining/70222917007/" rel="noopener noreferrer" target="_blank">states</a>:
"With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarters ahead."
Don’t overlook this growing market segment and risk missing out on great opportunities to find your ideal home. Since new home construction accounts for roughly 31% of total for sale inventory, you could be cutting nearly one in three options from your search if you don’t consider newly built homes.
If you’re looking to make a move, a local real estate agent can help you <a href="https://www.simplifyingthemarket.com/en/2023/05/25/the-benefits-of-selling-now-according-to-experts/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" rel="noopener noreferrer" target="_blank">sell</a> your current house and explore newly built options in your area. They have the expertise you need to handle both sides of the process so you can move out of your current house and into your brand-new dream home.
Bottom Line
Now’s the time to <a href="https://www.yourhomeyourloan.com/" rel="noopener noreferrer" target="_blank">sell</a> your house and take advantage of the momentum that’s building in new home construction. Let’s connect so you have a guide throughout the selling and buying process. Together, we can make your transition to a newly built home a reality.2023-06-29T07:17:35-07:002023-06-29T07:18:31-07:00Angie Ezzelltag:yourhomeyourloan.com,2012-09-20:22986 Why It May Be Time To Add Newly Built Homes to Your SearchWhy It May Be Time To Add Newly Built Homes to Your Search
<img width="750" height="410" src="https://files.mykcm.com/2022/11/14151103/why-it-may-be-time-to-add-newly-built-homes-to-your-search-KCM.jpg" class="attachment-entry size-entry wp-post-image" alt="Why It May Be Time To Add Newly Built Homes to Your Search | MyKCM" loading="lazy" srcset="https://files.mykcm.com/2022/11/14151103/why-it-may-be-time-to-add-newly-built-homes-to-your-search-KCM.jpg 750w, https://files.mykcm.com/2022/11/14151103/why-it-may-be-time-to-add-newly-built-homes-to-your-search-KCM-600x328.jpg 600w, https://files.mykcm.com/2022/11/14151103/why-it-may-be-time-to-add-newly-built-homes-to-your-search-KCM-100x55.jpg 100w" sizes="(max-width: 750px) 100vw, 750px" /><br /><br />
If you put a pause on your home search because you weren’t sure where you’d go once you <a href="https://www.simplifyingthemarket.com/2022/11/02/sell-your-house-before-the-holidays/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" title="sold your house" target="_blank" rel="noopener noreferrer">sold your house</a>, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the National Association of Home Builders (NAHB) <a href="https://www.builderonline.com/data-analysis/share-of-buyers-looking-for-new-construction-homes-continues-to-increase_c" title="says" target="_blank" rel="noopener noreferrer">says</a> the share of buyers looking for new construction is increasing:
“According to the quarterly Housing Trends Report, the popularity of new construction homes is continuing to rebound . . .”
Here’s a few reasons more buyers may be drawn to newly built homes.
More Options To Choose from and Potential Builder Incentives
When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes has increased this year, it’s still <a href="https://www.calculatedriskblog.com/2022/11/housing-november-14th-weekly-update.html" title="below" target="_blank" rel="noopener noreferrer">below</a> more typical years like 2019. Currently, according to the National Association of Realtors (NAR), there is a <a href="https://www.nar.realtor/newsroom/existing-home-sales-decreased-1-5-in-september" title="3.2-month supply" target="_blank" rel="noopener noreferrer">3.2-month supply</a> at the current sales pace. For reference, a roughly 6-month supply is considered a balanced market, leaving us in a sellers’ market today.
While it’s a smaller segment of the overall inventory of homes for sale, the supply of newly built homes has grown even more. The National Association of Home Builders (NAHB) <a href="https://eyeonhousing.org/2022/10/new-home-sales-fall-back-in-september/" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“New single-family home inventory remained elevated at a 9.2 months’ supply (of varying stages of construction). A measure near a 6 months’ supply is considered balanced.”
Here’s why this matters for you. While you have more homes to choose from in either category, there’s one extra benefit of newly built homes. Because the inventory of newly built homes has grown so much, builders are motivated to sell their properties before they build more.
Back in the housing <a href="https://www.simplifyingthemarket.com/2022/10/26/3-graphs-showing-why-todays-housing-market-isnt-like-2008/?a=7686-e4cde4a9e3955b8bfb7f28924de8827c" title="crash of 2008" target="_blank" rel="noopener noreferrer">crash of 2008</a>, builders were building too many homes, and that oversupply is part of what contributed to the housing bubble bursting. Now, builders don’t want to have a surplus of inventory in their pipeline, and many are offering buyers incentives to help move that inventory along. As Doug Duncan, Chief Economist at Fannie Mae, <a href="https://www.builderonline.com/data-analysis/new-home-sales-decline-10-9-in-september_o" title="explains" target="_blank" rel="noopener noreferrer">explains</a>:
“. . . a continual increase in the number of completed homes available for sale is now occurring, with the inventories of such homes now at the highest level since July 2020. . . . This suggests to us that builders may be increasingly willing to offer more aggressive incentives and discounts to maintain sales of completed inventory.”
While specifics will vary by builder and market, some buyers are seeing builders reduce prices and offer incentives. To find out what’s available in your area, lean on a trusted real estate professional.
Lifestyle Benefits of Buying a Newly Built Home
In addition to more supply and the potential for builder incentives, newly built homes have various benefits that may suit your lifestyle. For example, you likely won’t have as many little repairs to tackle, like leaky faucets, shutters to paint, and other odd jobs around the house. That can free up time for you to do other things you’re passionate about.
Another perk of a new home is that nothing in the house is used. It’s brand new and uniquely yours from day one. You’ll have all new appliances, windows, roofing, and more. These things can help lower your energy costs, which can add up to significant savings over time. You may even have the latest and greatest technology features built into your new home.
Builder <a href="https://www.builderonline.com/design/technology/what-drives-new-homebuyers-to-buy-new-build-homes-instead-of-existing" title="sums" target="_blank" rel="noopener noreferrer">sums</a> up why some buyers today are turning to newly built homes:
“For some, it’s the lure of something new and modern. For others, it’s the move-in ready experience. And now there’s another factor to consider when making this decision: technology.”
If any of these benefits appeal to you, it’s time to connect with a trusted real estate advisor to learn more.
Bottom Line
If you’re considering a newly built home, let’s connect so you have an expert guide on what’s available in our local market. Together we’ll explore your options and the benefits of an all-new home. Angie Client Care Department RE/MAX Alliance 618-975-6043
2022-11-15T08:23:13-07:002022-11-15T08:26:55-07:00Angie Ezzell