new home construction

Are you considering buying a newly constructed home?

If you are, you are not alone.

The number of people choosing new home construction jumped in October 2017 to the highest level since October 2007. Many people are finding the lack of inventory frustrating and are increasingly choosing to build a new home.

This is probably a wise move. It’s not likely to start getting any better until the last half of 2018. You could be stuck looking and looking until then.

Why not hop on what could be the best possible time to build a new home now?

Here are 4 reasons to purchase a newly constructed house now that you should consider:

#1: Builders Are Motivated

At this point in the year, getting homes off the books is a top priority. Builders want to sell quickly in the next few weeks, so they are much more likely to cut a deal.

Stop by a sales office and ask about them about “featured” plans or homes. These are the homes they are trying to sell right now. Even if it doesn’t turn into a price discount for you, it could mean upgrades you wouldn’t get at any other time of year.

To get the best deal possible, don’t rely on the sales associate who talks to you when you walk in the door. Bring your real estate agent. You may not think this is worth the extra hassle. However, an agent knows how to get you those upgrades and he or she is representing you.

#2: Less Competition

As with buying an existing home during the holidays, buying a new build has the advantage of not being something most people are doing right now. Most people are shopping, traveling, dining or cleaning.

Being willing to keep at it at this season could just be your winning combination. The other advantage is that a new build doesn’t have to suffer from the same lack of inventory. You choose what you want in this case.

#3: Financial Incentives

Can you imagine it actually being cheaper to build a home than buy an existing one?

This could be true for you: builders often want you to get your loan through their own preferred lender. They often offer thousands of dollars of incentives to get you to do this. Things like closing costs and/or a buy-down of your interest rate may mean you pay 2-3% less on your sales price or loan amount.

However, make absolutely sure you understand what you’re signing. This is another good reason to have your real estate agent with you.

#4: It’s Brand New!

This is the no-brainer. A newly constructed house has never been lived in. It is exactly what you choose. The finishing reflects your own personal style - it’s every homeowner’s dream.

The truth is existing homes in your area and at your price range may need fixing up. If you are experienced at home maintenance, this may be what you want. For many people, this looks like a headache. Still, a lot of buyers have no choice but to go with the fixer-upper these days. What if you didn’t have to?


If you are still searching for a house this holiday season and not ready to give up the fight just yet, talk to your real estate agent about new builds today.

Give us a call. We would be honored to help you.