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Buying New Construction Homes: What You Need to Know

Realty Biz

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

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7 Smart Ways To Lower the Cost of Buying a New-Construction Home

Realtor.com

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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Opinion: More financing options for ADUs are needed

Housing Wire

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 480
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Housing Inventory in Atlanta Will Not Jump in 2023

Hank Miller Team

That’s by design and it's disingenuous and misleading. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Equity – Homeowners gained a massive amount of equity during the last few years, that’s eroding as prices balance. Why move now? There are owners living paycheck to paycheck.

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Combining Apartments Isn’t Easy. But for Homeowners Short on Space, It’s Worth It.

Realtor.com

After a two-year, $2 million renovation completed just before the pandemic, Ms. At a minimum, you’ll need an architect, designer and attorney to get you through the bureaucratic process. Co-ops aren’t the only type of multifamily units that can be combined—condominiums can be joined as well, whether new construction or existing units.

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What Is Home Equity and How Can I Use Mine in 2022?

HomeLight

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

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What House Can I Afford? Where to Buy, What to Buy, and How to Figure It All Out

HomeLight

Buying at the very top of your budget can be financially risky, whereas buying at the lowest end can lead to dissatisfaction — especially if that saved money means accepting less space than you wanted, or taking on more renovations than you may have anticipated. For new-construction homes , that median figure increases to $502,300.