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.
- 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.
Bottom Line
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.