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.

6 Tips for Appraising New Construction Homes

McKissock

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales.

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Struggling To Find a Home To Buy? New Construction May Be an Option.

Keeping Current Matters

With so few homes available to buy right now, you might be considering building a new home as one of your options. First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new home, you’ll be able to: 1. Have brand new everything.

More Buyers Taking a Look at New Construction

Eyes on Housing

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively.

Some Buyers Turning to New Construction

Eyes on Housing

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier.

These 50 US cities have the most new construction homes

The American Genius for Real Estate

These are the top 50 US cities with new construction homes. The post These 50 US cities have the most new construction homes appeared first on The American Genius Real Estate. Real Estate Big Data Growing Cities New Construction Real Estate News

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

Realtor.com

Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. Similar to a car, new-construction homes have “base models,” which come with the bare minimum.

66% of New Construction Buyers Express Regrets

RIS Media

In this highly competitive housing market, the persistent low inventory of existing homes has led many buyers to look to new construction as an opportunity to customize a home to their needs, without having to beat other buyers to the closing table.

Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. Inspection during construction. Related Reading: 6 Tips for Appraising New Construction Homes.

The Advantages And Disadvantages Of New Construction Homes

Realty Biz

New construction homes are becoming increasingly popular. They offer many advantages, such as the ability to customize your home to your specific needs and wants, and the peace of mind that comes with knowing your home is brand new. Advantages of buying a new construction home.

Buy a New Construction Home Using These 14 Tips from a Top Agent

HomeLight

Buying a new construction home can be intimidating. If decisions aren’t your thing, you might be able to buy a new construction home that is already built and ready for you to move in. Find a buyer’s agent who works with new construction.

High Building Materials Prices Erode Preference for New Construction

Eyes on Housing

Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction.

35 Things to Add to Your New Construction Walkthrough Checklist

Redfin

Come prepared with a new construction walkthrough checklist and you’ll know exactly what to look for ahead of time. You might hear a new construction walkthrough called a “blue tape walkthrough.” Most new construction walkthroughs last about two hours.

Have High Prices Reduced New Construction Interest?

Eyes on Housing

The drop is most likely the direct result of strong gains in new home prices in 2021, which have been driven by double-digit growth in.

New Construction Pros and Cons: Advantages and Disadvantages

Louisville Homes

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons.

Is a New Construction Home Inspection Needed?

Maximum Exposure Real Estate

Should You Hire a Home Inspector For a New House? Should you get a new construction home inspection? The post Is a New Construction Home Inspection Needed? When you buy an existing home, a home inspection isn’t a difficult decision.

Guide to buying a new construction home in 2022

The Mortgage Report

Learn the ins and outs of buying a new construction home, including new construction loan types, interest rates, and the loan process. Buying a home

Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know

Realtor.com

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. The benefits of buying new construction.

Why New Construction Homes Are Appealing to New Home Buyers

Homes.com

Here's why new construction is so appealing to them. Building a Home Buying building a home new build new constructionMany Americans have a goal to put down roots and become responsible for their own little corner of the world.

Could New Construction Help Level Out the Market?

RIS Media

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. The post Could New Construction Help Level Out the Market?

Home Buyers’ Preferences Shift Towards New Construction

Eye on Housing

In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020.

Hover brings 3D digital twins to new construction projects

Realty Biz

The company said contractors on new constructions will be able to make use of its entire solution, which generates 3D models and exterior measurements, using blueprints of designs. In other words, it now supports both existing homes (through smartphone photos) and new constructions.

Are Appliances Included in New Construction Homes? Your Guide to Buying Appliances for Your New House

HomeLight

You have the exciting opportunity to purchase a brand-new home! Buying appliances for new construction: Your questions answered. Let’s dive into some frequently asked questions about buying appliances for new construction homes.

The Most Unnecessary—and Most Valuable—Builder Upgrades for Your New-Construction Home

Realtor.com

Getty Images When buying a new-construction home, you’re presented with a variety of fixtures and amenities to choose from: Would you prefer white Shaker or wooden flat-panel cabinets? Buy home upgrades new construction new home builder

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?

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

High Prices Continue to Reduce Interest for New Construction

Eyes on Housing

The onset of COVID-19 propelled that share up to 42% by the final quarter of 2020, but strong gains in new home prices have driven it down for the last three quarters, reaching 32% in the third quarter of 2021.

Paris Square New Construction Final Phase To Offer 46 Luxury Condos In Northvale, New Jersey

Coldwell Banker

The post Paris Square New Construction Final Phase To Offer 46 Luxury Condos In Northvale, New Jersey appeared first on Coldwell Banker Blue Matter. Press Release Uncategorized Active Adult Bergen County New Construction new jersey Northvale

Buying New Construction? How Rising Mortgage Rates Can Add Thousands to Your Loan

Realtor.com

You’ve decided to buy a new-construction home in a pretty, woodsy development, complete with that never-been-lived-in smell. The rate a lender offers you is good for only a certain period of time—and we all know construction delays are not exactly rare.

The ‘Biggest Rip-Off’: Buyers Vent About the Cost of Extra Items Their New-Construction Homes Needed

Realtor.com

Getty Images It’s an age-old debate in real estate: Is it cheaper to buy new construction or an existing home? Dollar for dollar, new construction tends to be less expensive if you’re simply talking about the cost of building the basic house itself.

Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. We’re going to equip you with the top dos and don’ts of buying new construction.

21 Questions to Ask a Home Builder When Buying New Construction

Maximum Exposure Real Estate

The possibility of owning a brand new home has obvious appeal. Many new home buyers can get the home customized, making the property even more desirable. Additionally, with a new home, you don’t have to worry about all the […].

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 […].

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.

Buy an Existing Home or New Construction: 5 Things to Know

Louisville Homes

You have a couple of options, namely, buy an existing home or new construction. The other option is to go the new construction route. Next is buying the materials and beginning construction. The need for eco-friendly construction cannot be overstated.