Have you been overlooking newly built properties when looking for a home? Right now, more new homes are on the market than in the last few years, which comes with some major benefits. Here's a quick guide to some key advantages of buying a new home today, along with a few things you might want to consider before you make your decision.
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The Perks of Buying a Newly Built Home
1. Customization Options
One of the biggest draws of new builds is the chance to personalize. Many builders let you choose finishes, layouts, and upgrades so you can create a home that fits your style. Customization is typically done if you're buying during construction, but sometimes builders will allow some tweaks even after the house is complete.
2. Less Maintenance and Fewer Repairs
With everything in the home being brand new — from the roof to the appliances — you're less likely to face repair bills anytime soon. Most builders also offer warranties on major systems and structural components, giving you extra peace of mind. And considering the rising costs of living, not having to worry about major repairs for a few years is a major win.
3. Eco-Friendly and Energy-Efficient Features
New homes often have modern, energy-efficient features like smart thermostats and high-efficiency HVAC systems. With stricter building codes, they are built to be more eco-friendly, which can help reduce energy bills.
4. Builder Incentives
Some builders offer incentives to help make the purchase more affordable, including rate buy-downs or other financial perks. As Bankrate notes, "Some builders offer financial incentives, including flexible financing options, to encourage buyers to purchase. These incentives could make a new construction home more affordable in the long run."
Other Considerations When Buying a Newly Built Home
Of course, there are a few things to keep in mind when buying a new home.
1. Longer Timelines
If you're buying a home that's still under construction, you might be looking at a few months (or more) before you can move in, which can be an issue if you need to move quickly. However, some communities offer quick-move-in or spec homes that are already ready or nearly ready. If that's the case, you should not have to wait long.
2. Potential Price Changes
It's easy to get carried away with upgrades or add-ons, which can quickly push your budget beyond what you planned. Additionally, rising costs for building materials — whether due to inflation, supply chain issues, or changes in trade policies — could mean higher prices for your new home. HousingWire states, "Upgrades, unforeseen delays, and costs like landscaping or fencing not included in the builder's base price can affect the final cost."
Bottom Line
New builds can be a great option if you're looking for an energy-efficient, low-maintenance, and customizable home. But like any big decision, it's important to weigh the pros and cons. Your agent can help you navigate this process and ensure you have all the information you need to make an informed choice.
Would you consider buying a newly built home? Why or why not? Reach out and let me know!
Hi! I'm Merla Turner, owner of Great Missouri Homes and a local Kansas City area Realtor. Thank you for reading this article. If you have any questions, suggestions, or ideas, call me at 816-328-2887 or fill out the contact form below, I am here for you. And remember - when it's your turn to buy or sell real estate, turn to Merla Turner!
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