If youre looking to buy a house, you may find todays 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 isnt 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, theres positive news when it comes to new home construction. When you look at the first three months of this year, youll find:
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.
When you buy a new home under construction, you can tailor it to your unique needs and taste. Bankratesays:
Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, youll be able to tailor the property to your exact needs.
Another perk of a new home is that nothing in the house is used. Its all brand new and uniquely yours from day one.
And, because everything is new, youll likely find there are fewer maintenance and repair needs up front. As Realtor.comexplains:
. . . 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 . . .
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 inflations raising many of the costs around you.
If youre having trouble finding your dream home in todays market, it may be time to consider newly built homes as an option. Partner with a real estate professional to learn more about whats available in your local area.
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