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It May Be Time to Consider a Newly Built Home

May 7, 2023

If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home.
 
According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:
 
  • More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search.
  • Builders broke ground and started construction on more single-family homes. This means there are more homes intended for one household in the beginning stages of construction, allowing you the opportunity to customize one to your liking.
  • The number of permits for building new single-family homes ticked up. This shows builders are ramping up to start on even more home construction soon. 
And, while this is all good news for broadening your options for your home search, there are other perks that come with considering a newly built home.
 

Customization 

When you buy a new home under construction, you can tailor it to your unique needs and taste. Bankrate says: 
 
“Building means customizing instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs.”

Brand New Everything 

Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.
 

Minimal Repairs

And, because everything is new, you’ll likely find there are fewer maintenance and repair needs upfront. As Realtor.com explains:
 
“if something does go wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties.”

Energy Efficiency 

Lastly, building a home gives you the opportunity to incorporate more energy-efficient options that can help lower your costs over time – which can feel especially important when inflation’s raising many of the costs around you.
 

Bottom Line

If you’re having trouble finding your dream home in today’s market, it may be time to consider newly built homes as an option. Let’s connect so you have an expert on your side to help you explore what’s available in our local area.
Craig Bennett

Craig Bennett

About the Author

Craig is an Arizona-native real estate professional, proudly carrying on a family tradition in Phoenix-area real estate that spans generations. As an esteemed Associate Broker at Russ Lyon Sotheby’s International Realty, he leverages his expansive knowledge to deliver unparalleled value to a diverse clientele – from seasoned investors to first-time homebuyers.
 
Whether you’re navigating the complexities of relocation, exploring home construction opportunities, or diving into investment properties, Craig’s insights are as vast as they are invaluable. Yet, it’s his unwavering commitment to service that truly sets him apart. Always attentive, Craig ensures every client feels understood, crafting bespoke home buying or marketing plans tailored to their unique needs. His expertise primarily shines in the residential realms of Phoenix, Scottsdale, and Paradise Valley.
 
Prior to his tenure at Russ Lyon Sotheby’s, Craig made his mark at renowned firms like Essential Properties and Coldwell Banker. His immersion in the world of real estate extends further back, having collaborated with top home builders Centex and Lennar. Craig’s roots in the industry run deep; his childhood memories are woven with experiences at his father’s agency, TRES Realty, later rebranded to Don Bennett and Associates.
 
A dedicated member of the National, Arizona, and Scottsdale Area Associations of REALTORS®, Craig also boasts a B.S. in Interior Design from Northern Arizona University. Outside of his professional endeavors, he’s an avid runner with a passion for marathons, hiking, and skiing. His adventurous spirit is evident in his global mountaineering pursuits, boasting impressive summits from around the world.

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