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It May Be Time To Consider a Newly Built Home

  • kareni617
  • May 8, 2023
  • 2 min read

If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that 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 when it comes to 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 there are more homes intended for one household in the beginning stages of construction, allowing you the opportunity 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, there are other perks that 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 there are fewer maintenance and repair needs up front. 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 gives you the opportunity 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.

Bottom Line If you’re having trouble finding your dream home in today’s market, it may be time to consider newly built homes as an option. Let’s connect so you have an expert on your side to help you explore what’s available in our local area.

 
 
 

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Website Copyright © Herb Rim 2021-2023. All Rights Reserved.  Real Estate transactions are brokered by eXp Realty, a licensed real estate broker, licensed to do business as EXP Realty of Greater Los Angeles, Inc. in California under DRE License #02188471. Herb Rim DRE#01870707.  No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and eXp Realty expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.   Sitemap

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