Leave a Message

Thank you for your message. We will be in touch with you shortly.

Why a Newly Built Home Should Be Your Top Choice Investment

Oriana Suarez June 1, 2023

Buyers

Why a Newly Built Home Should Be Your Top Choice Investment

Why a Newly Built Home Should Be Your Top Choice Investment

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 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 there are more homes 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, there are other perks that come with considering a newly built home.

1. 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.

2. 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.

3. Minimal Repairs 🔧

And, because everything is new, you’ll likely find there are 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 . . .”

4. 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. Partner with a real estate professional to learn more about what’s available in your local area. 

Book a consultation with us!


Recent Blog Posts

Stay up to date on the latest real estate trends.

Sellers

Should You Sell Now? Key Lifestyle Factors to Consider

October 15, 2024

Deciding whether to sell your home is about more than just financial factors—it’s about your lifestyle too. This blog highlights the top personal motivators, like movi… Read more

Buyers

The Down Payment Assistance You Didn’t Know About

October 1, 2024

Nearly 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually utilize it. Don’t miss out! Learn about down payment options, grants, an… Read more

Tips

Make Your Online Listings Stand Out and Attract More Buyers

September 29, 2024

With nearly half of all homebuyers starting their search online, your listings need to stand out. Learn how to enhance your online presence with professional photos, v… Read more

Sellers

How Presidential Elections Impact Home Sellers

September 16, 2024

Worried about selling your home during an election year? Historical data shows that Presidential elections have a minimal, temporary impact on the housing market. Disc… Read more

Buyers

How To Choose a Great Local Real Estate Agent in New Jersey

September 1, 2024

This blog offers practical advice on how to find a great local agent, including tips on checking their reputation, ensuring they have local market expertise, evaluatin… Read more

Tips

Navigating the Upcoming Changes in Real Estate Practices: What You Need to Know

August 30, 2024

As the real estate landscape undergoes significant changes in 2024, it's crucial for professionals to stay informed and prepared.

Rental Townhome in New Jersey

Sellers

Should You Rent Out or Sell Your House?

August 16, 2024

Key considerations include the suitability of your property for rental, your readiness to manage tenants, and the costs associated with being a landlord. Explore these… Read more

Buyers

A Newly Built Home May Actually Be More Budget-Friendly

August 2, 2024

In today's housing market, newly built homes may offer more budget-friendly options than many buyers expect. Contrary to common belief, the median sales price for newl… Read more

Tips

WRITTEN BUYER AGREEMENTS 101: A Must-Know for Real Estate Agents

July 26, 2024

Starting August 17, 2024, MLS Participants must have a written agreement with buyers before home tours. This guide covers mandatory provisions and additional considera… Read more

LET’S CONNECT

We strive to become your go-to Real Estate Advisors. Book a free consultation today and let’s get started with a buying or selling plan for your home customized to your unique timeline.