Could New Construction make your Homeownership Journey Better?

Buying a home is such a fun process, but can often leave a client feeling like Goldilocks: Maybe you like the open floor plan of that house but you don’t love the bathtub situation. Maybe you love the vintage feel of this house but you don’t like the uneven lot. Maybe you love everything about this house but you can’t live without a garage. Sometimes it is difficult to find the perfect house for you that has everything “just right”.

New Construction is an exciting way to purchase a home that can offer that “just right” feel because it allows you to make some options and preferences before it’s finished.  One of our agents Johnny Skaggs had this to say about several of the new constructions he has closed on recently,

“Purchasing a new construction home offers advantages that can make a home-buyers experience reassuring. One major benefit, I see, is a builder’s warranty that typically comes with new homes, ensuring that any construction-related issues will be addressed within the first year of ownership. Additionally, buyers have the unique opportunity to “blue tape” the property during a walkthrough before closing, marking any imperfections or concerns that the builder should address.

Modern new construction homes often feature the latest trends such as: open floor plans, smart home technology, energy-efficient appliances, and contemporary finishes. Another great aspect of new construction is that if you get in early enough, you can often choose some of the finishes and colors according to your preferences. However, it’s important to know that some new homes might not come with essentials like a washer and dryer, blinds, or gutters, so it’s wise to check what is included in your purchase. Oftentimes you can negotiate some of these items into your offer. I have several happy clients have very positive experiences with their new construction home ownership journey.”

Thirty-five percent of all the homes sold in the last twelve months in Northwest Arkansas have been new construction, whereas, according to the National Association of Realtors®, it is traditionally closer to ten percent. Bruce Gillispie had this insight into our area, “Aside from floors and finishes, the local conversation is shifting to affordable housing. New Construction may offer clients new options of staying within their budget and doing without certain finishes or features while still giving them a path to home ownership.”

NAR sees this as well;  home builders are addressing these affordability concerns.

“Builders increasingly are offering sales incentives, like funds toward closing costs (up to $20,000) or “flex dollars” to use toward home upgrades. Single-family housing starts nationwide are forecast to increase 4.7% this year and another 4.2% in 2025, reaching a pace of 1.3 million units”

Buying a home with a fixed-rate mortgage helps stabilize housing costs, while also allowing for the opportunity to invest in the future by building equity and net worth.  That kind of stability is a big deal.

So if you’re looking for stability and an investment in your future, new construction might be the “just right” path for you on your journey to becoming a home owner. We’re here to help every step of the way. We’re here to help make your homeownership Journey…Better.