It May Be Time To Consider a Newly Built Home

Lisa Mailhot  |  May 16, 2023

Buyers

It May Be Time To Consider a Newly Built Home



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.


RECENT BLOG POSTS

Unpacking the Surge in Existing-Home Sales Across the US

In November, existing-home sales reached a three-year high with a 6.1% annual increase, led by significant growth across three major U.S. regions. This blog explores t… Read more

Navigating the Rising Tide: Protecting Your Home in Insurance Deserts

Explore the challenges and solutions facing homeowners in areas known as "insurance deserts" where escalating premiums and climate risks make obtaining affordable cove… Read more

Navigating Orange County’s Housing Market Amid Nationwide Trends

Housing starts in the US hit a 4-month low, with multifamily construction declining but single-family homes rebounding in storm-affected regions. Discover what this me… Read more

Embracing the Golden Age of Guest Bedrooms: A Trend Transforming American Homes

Explore the surprising trend of shrinking household sizes in the U.S. and how it has ushered in a golden age for guest bedrooms. With an all-time high in spare bedroom… Read more

AI Tools Revolutionizing Real Estate: How Tech Simplifies Industrial Real Estate Operations

Discover cutting-edge AI tools transforming industrial real estate by streamlining logistics, site selection, property management, and marketing. Let’s make your move … Read more

Southern California's Real Estate Landscape: Key Developments and Industry Movers

Stay updated with the latest shifts in the Southern California real estate scene for December 2024. From new divisions and leadership changes to significant industry a… Read more

Understanding Tax-Assessed Value vs. Market Value

Discover the differences between tax-assessed value and market value in real estate, and how these valuations affect your property transactions. Learn to navigate thes… Read more

A Model for Affordable Housing and Community Transformation of Hope Village

Discover Hope Village, a groundbreaking faith-based affordable housing project in Walnut Creek, provides safe, stable homes for the homeless. Learn how this initiative… Read more

When the Smoke Clears: Real Estate Resilience Amid Wildfires

Dive into the effects of the Malibu wildfires on California's real estate landscape. From safeguarding properties to tackling insurance obstacles, this blog offers ess… Read more

We are excited to assist you in finding your perfect home

Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most