Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . When buying a new home, you can often choose more energy-efficient options.

5 tips for helping homebuyers navigate a new construction purchase

Inman

There is a whole new process and language to learn. Here are my top five tips for working with new construction buyers. Agent Back to Basics Columns Select Service Teams Adam Hergenrother building a home construction new build new construction theme-month-202104

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

10 new construction gotchas agents should watch out for

Inman

Navigating new construction is like walking through a field of landmines right now. Agent Columns Select Service Teams building buying new Cara Ameer construction new new build new construction new home

Buy and build with Welcome Homes’ online new construction platform

Inman

Welcome Homes augments a streamlined business plan with dynamic 3D visualization to let new homebuyers build and buy directly from their browsers.

4 tips to help you win new construction listings

Inman

New construction listings are a specialized area of the industry that can take an agent’s career to the next level. Agent Lead Generation Listings Luxury Luxury Lens Select Teams David Parnes James Harris new construction new development selling new construction the agency

Knowing new construction gives you a competitive edge — here’s why

Inman

In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. . The inventory shortage isn’t going to last forever.

New Construction Love

The Living Room

They were more interested in a higher level of finish than a big yard so we found some really great new construction options for them. I know older homes have their charm but there are some damn fine new construction homes out there.

Buying a New Construction Home

American Lifestyle

The post Buying a New Construction Home appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing

7 ways to help buyers score a deal on new construction

Inman

Agent Brokerage Select Service builders Cara Ameer construction deals homebuyers new construction

New Construction Offers Opportunity

The Living Room

For some of my clients, it has caused them to reframe their goals for purchasing a home, and some have begun to look for new construction in the various new communities that are popping up outside of Portland.

10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new?

More Buyers Are Specifically Looking for New Construction

Eye on Housing

A year earlier, in the first quarter of 2020, only 24% of buyers reported a preference for new homes, while 40% were looking. A recent post revealed that 16% of adults are planning a home purchase in the next 12 months.

New Construction with Space for Mom

The Living Room

There was a community of new construction homes in Forest Grove that caught their eye. We got an offer in right away and they secured their new home. The post New Construction with Space for Mom appeared first on Living Room Realty.

15 New Construction Home Buying Tips: How To Buy a New House

Maximum Exposure Real Estate

What to Know About Buying New Construction Homes Are you thinking about buying new construction? The idea of buying a brand new house is appealing to many homebuyers. However, buying a newly constructed home isn’t the same as […].

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

Redfin

A surge in homebuilding before the pandemic is now driving growth in new-home sales. Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data.

Looking for New Construction? Here’s What to Keep in Mind

American Lifestyle

The post Looking for New Construction? Buying & Selling Closing Construction Finance Tips Home Advice Home Building Home Buying Home Selling Housing Market Mortgage Real Estate Real Estate Agent Real Estate Tips Refinancing Second Home Selling

New Construction and Developments Heat Up in South Florida

Coldwell Banker

The post New Construction and Developments Heat Up in South Florida appeared first on Coldwell Banker Blue Matter.

Just Sold in Vancouver WA New construction for only $409,900

The Living Room

The post Just Sold in Vancouver WA New construction for only $409,900 appeared first on Living Room Realty. Cute and modern 3 bedrooms 2 and a hall bathrooms, bonus room and 2 car garage with 1790 sqft. MLS# 20611907 Please give me a call for you next home. Thank you.

New construction is coming to inventory-starved housing market

Inman

Privately owned housing starts were up 12.8 percent year over year in October, according to data released Thursday by the U.S. Census Bureau. Markets & Economy Select Bill Banfield housing starts permits Rocket Mortgage U.S. Census Bureau

How New Construction Homes Are Helping Ease the Housing Shortage

Homes.com

As low-interest rates and high demand plague a housing shortage for first-time homebuyers, the one thing changing the game is the increased popularity of new construction homes. The post How New Construction Homes Are Helping Ease the Housing Shortage appeared first on Homes.com.

What is Covered Under a Builder Warranty in New Construction Homes?

Realty Biz

When purchasing a brand new construction home, they are often covered by a warranty for about the first one or two years of ownership. It is not uncommon to see some new housing developments advertise that they offer a builder’s warranty.

Real estate startup takes aim at new construction market

Inman

Select Technology Alec Hartman DigitalOcean Global Founders Capital new constrcution welcomeWelcome raised $5.35 million in seed funding and is founded by the team behind DigitalOcean, a unicorn cloud infrastructure provider.

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound

Redfin

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders. New listings of newly-built homes dropped 4.1% Meanwhile, new listings of existing homes grew 5.2%. There’s plenty of demand for new homes, but builders are facing a unique and costly set of hurdles as they attempt to satisfy that demand,” said Redfin chief economist Daryl Fairweather.

Construction spending rises again in April as lumber costs climb

Inman

Residential construction spending continued to grow in April, rising 1.3 percent month over month for new single-family builds, according to a June 1 report from the U.S. Census Bureau.

The Most Luxurious New Construction Condo Developments in the U.S. Right Now

Realty Biz

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL.

Offerpad expands services through homebuilder partner

Housing Wire

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market.

Is New Construction for You?

Luxury Real Estate Blog

As growth in the Wasatch Back continues to boom, developments in Summit and Wasatch counties are creating opportunities for homeowners who prefer new construction and the opportunity to customize their home, without the steep architect fee.

Residential construction on the rise amid major inventory shortage

Inman

percent in March, according to a new report by the Census Bureau and the Department of Housing and Urban Development. Analysis Markets & Economy News Brief doug duncan fannie mae Holden Lewis home construction inventory NerdWallet new construction U.S.

Zillow launches consumer-generated builder review feature

Housing Wire

Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings.

New home construction shoots up 22.6% in July

Housing Wire

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June , according to a new report from the U.S. The post New home construction shoots up 22.6%

Just listed in SE, new construction with a large back yard!

The Living Room

Gorgeous new construction home on oversized lot and a quiet street.This home has so much charm, with an open floor plan, quartz counter, beautiful island overlooking the living room and the back yard, which will be great for entertaining.

Three Ways to Protect Yourself When Buying New Construction

Luxury Real Estate Blog

When you’re looking to purchase a brand-new home, it’s wise to hire a real estate broker as your trusted advisor. When I was actively selling real estate , I was fortunate to represent many homebuyers when they purchased new construction. Bottom Line for New Construction.

Top 4 Things to Consider When Buying a New Construction Home

The Living Room

Yes… Strong, the pull of new construction is. Buyers are willing to spend more money on brand new homes, compared to what the market generally seems to bear for very similar re-sale homes. There is just something so powerful about buying a home that is cosmetically on-trend, sparkly new, and touched only by the skilled hands of a construction worker! But, there are many factors to take into consideration when considering the purchase of a new home.

Homes in Boise, Idaho are “flying off the market”

Housing Wire

New construction continues to take more and more of our market,” Dopp said. New construction used to be maybe 15-20% of the market, trending toward 40% of the market now. Boise, Idaho was the No.

Single-family housing starts reach highest level since 2007

Housing Wire

As a result of the pandemic, there has been a heightened demand for larger homes, which Kan said has driven more construction, home sales and mortgage originations. We have underbuilt new housing relative to demand for a decade.

Hope Is on the Horizon for Today’s Housing Shortage

Keeping Current Matters

When it comes to new construction , builders are trying to do their part to bring more newly built homes into the market. In their Monthly New Residential Sales report , the United States Census Bureau states: “The seasonally?adjusted

What to Look For in New-Construction Homes: These 5 Crucial Aspects Should Be on Your Radar

Realtor.com

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase.

Daily Links: Report Says Pandemic Year New-Construction Square Footage at Lowest Since 2012

Brownstoner

September single-family housing starts reached highest level since 2007

Housing Wire

Single-family housing starts soared in September, a new report from the U.S. Builders are gearing up for an even faster pace in the months ahead, which is welcome news for households wanting to buy a new home,” Fratantoni said.

Multifamily confidence increased in second quarter, but vacancies also rose

Housing Wire

A new report from the National Association of Home Builders shows confidence in the market for new multifamily housing increased in the second quarter but still remains weak.