5/9/2024 Welcome to the blog of Steve Ord, your go-to local real estate expert!

When envisioning your future home during a move, you might have a clear picture in mind. But have you considered the possibility of a newly built home Let’s explore two compelling reasons why you should.

Expanded Options Newly built homes offer a refreshing alternative to existing properties. With the current tight inventory of existing homes, the surge in new constructions presents an attractive array of choices. From 1983 to 2019, newly built homes accounted for just 13% of the total inventory. Today, that figure has risen to over 33%, providing you with a wider selection to find your dream home.

Surprising Affordability Don’t dismiss new builds based on assumptions about cost. The price gap between newly built and existing homes is narrowing, thanks to builders catering to demand by focusing on smaller, more affordable options. Some are even offering incentives like price cuts and mortgage rate buy-downs. As a result, buying new may be more financially viable than you realize.

Partnering with a knowledgeable local agent is essential when considering newly built homes. They can guide you through builder contracts and ensure you make informed decisions tailored to your needs.

In conclusion, if you’re intrigued by the prospect of a newly built home, reach out to a real estate agent to explore your options. And remember, casting a wider net could unveil even more possibilities in neighboring towns. With expert guidance, finding your ideal home has never been more achievable.