Should You Consider Buying a Newly Built Home?

Should You Consider Buying a Newly Built Home? | MyKCM

Yes, you should consider buying a newly built home. There are many benefits to buying a newly built home, including lower maintenance costs, the ability to customize the home to your specifications, and energy efficiency. Newly built homes may also come with warranties, which can provide peace of mind and financial protection. Additionally, the process of buying a newly built home can be less complicated than purchasing an existing home as most of the paperwork is handled by the builder.

The Number of Newly Built Homes Is on the Rise

Yes, the number of newly built homes is on the rise. According to the National Association of Home Builders, the number of new single-family homes has increased steadily since 2015, reaching a peak in September 2019. This increase is due to a number of factors, including a strong demand for housing, an increase in consumer confidence, and lower mortgage rates. The rising number of newly built homes suggests that there is a growing market for these homes and buyers should take advantage of this opportunity.

Builder Incentives Can Provide a Boost

Yes, builder incentives can provide a boost when considering buying a newly built home. Builder incentives can include things like discounts, free upgrades, and other financial incentives. These incentives can make newly built homes more attractive as they can help to reduce the overall cost of the home. It is important to research any builder incentives that may be available as they can provide a great opportunity to save money and make buying a newly built home more affordable.

Should You Buy a Brand-New Home?

The best way to decide what type of home to buy is to work with a trusted real estate professional who can help you weigh the pros and cons of each option. They know which homes are available in your local market, and which builders might be offering incentives that make sense for you.

Bottom Line

Even though there aren’t a lot of homes for sale today, new home inventory is on the rise, and many builders are offering incentives. Let’s connect so I can help you weigh the pros and cons of shopping for a new home versus an existing one.

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