Are you planning to buy a home soon? Have you considered going for something brand-new? Recent data shows more buyers are seeing the appeal of new home construction – and it might be exactly what you’re looking for too.
Why Are More Buyers Choosing Newly Built Homes?
According to the National Association of Realtors (NAR), newly built homes accounted for 15% of all homes sold last year. That’s the highest percentage in 17 years! So, why are more people opting for a new build? NAR surveyed recent buyers, and here are the top reasons new construction homes are gaining popularity:
1. Avoiding Renovations and Unexpected Repairs (42%)
The number one reason buyers prefer new homes is the peace of mind that comes with everything being brand new. Buying a home is already a big investment, and with inflation impacting budgets, the last thing you want is surprise repair costs.
Newly built homes are less likely to have unexpected issues with plumbing, electrical systems, or other major components. Plus, many builders offer warranties on major systems, giving you extra protection for your wallet.
2. Ability to Choose and Customize Design Features (27%)
One of the biggest perks of new construction is the ability to personalize your home. From selecting cabinet knobs and light fixtures to choosing floor plans and exterior colors, you can tailor your home to your unique tastes. If you’re struggling to find a home that fits your style, building one might be the perfect solution.
3. Amenities in New Home Communities (25%)
Many new developments offer modern amenities like parks, pools, fitness centers, and community spaces. These features can enhance your lifestyle and foster a strong sense of community.
4. Limited Inventory of Previously Owned Homes (15%)
The supply of existing homes remains below average, leading many buyers to explore new construction options. Builders have stepped up, providing more new homes for sale. While builders aren’t overbuilding, they are finally catching up after years of underbuilding.
5. Energy Efficiency (14%)
Newly built homes are typically equipped with the latest energy-efficient materials and technologies. This not only reduces your utility bills but also helps minimize your environmental footprint.
In a U.S. News Real Estate interview, Kevin Morrow, Senior Program Manager at the National Association of Home Builders (NAHB), explained:
“The more energy-efficient mechanics of the house also help reduce utility bills for new home buyers. Newly constructed homes often include green systems and appliances—like high-efficiency stoves, refrigerators, washing machines, water heaters, furnaces, or air conditioning units—that homes built years ago might not.”
6. Smart Home Features (11%)
Tech-savvy buyers are drawn to smart home technologies like smart thermostats, security systems, and automated lighting. New construction homes often come with the latest smart features, giving you modern convenience from day one.
Why You Need Your Real Estate Agent
While newly built homes are becoming increasingly popular, it’s important to have your own real estate agent when purchasing a new build. Builder contracts often include complex terms and fine print that can be difficult to navigate on your own.
Your agent will advocate for you, ensure you’re getting quality construction, and guide you through every step of the process—from negotiations to final walkthroughs.
Bottom Line
Imagine skipping the hassle of renovations and having the freedom to pick out the exact design features you want. If this sounds appealing, let’s connect to ensure you have the right representation when working with builders. Together, we can help you buy a new home with confidence.
