Unlocking the Potential: The Advantages of Choosing a Newly Built Home
Are you hesitating to sell your home due to concerns about finding the perfect property in your next move? It might be time to consider the numerous benefits that come with newly built homes. Let's delve into why this option could be a game-changer for your housing journey:
Abundance of New Home Inventory:
In today's housing market, newly built homes are a significant and growing segment, comprising a remarkable 31% of total homes available for sale in November. This percentage far exceeds the historical average of approximately 12%, as reported by the National Association of Home Builders (NAHB).
Positive Trends in Construction:
Recent Census data indicates a positive trend in both housing starts and completions, signifying an encouraging surge in home construction. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), asserts that this increase is excellent news, addressing the ongoing housing shortage in most markets.
Benefits for You:
With the limited supply of existing homes for sale, the rise in new-home construction opens up a wealth of options for your home search. Envision settling into a home that is entirely new, featuring fresh appliances, paint, and minimal maintenance requirements. Additionally, some builders are currently offering mortgage rate buy-downs, making your dream home not just desirable but also more affordable.
As Patrick Duffy, Senior Real Estate Economist at U.S. News, highlights, "Today more builders are offering rate buydowns for the entirety of the loan."
Navigating the intricacies of buying from a builder necessitates expertise. Collaborate with a trusted local real estate agent familiar with the market. They will play a crucial role in coordinating with the builder, reviewing contracts, and ensuring a smooth process.
If you find yourself at the crossroads of selling and struggling to discover your ideal home, it's time to connect with a local real estate agent. Explore all your options, including the enticing possibilities offered by newly built homes in our area.
Unlock the potential of a newly built home and embark on a journey where your dream residence awaits.