Consider the Advantages of Buying a Newly Constructed Home

Hesitant to sell your home due to concerns about finding a desirable new place? It might be the perfect moment to think about the advantages of purchasing a newly constructed home. Here’s why this could be a beneficial choice.

Surge in New Home Inventory

The presence of newly constructed homes in the current housing market is growing significantly. The latest report from the National Association of Home Builders (NAHB) reveals:

“Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical average.”

This indicates that the share of new homes in the market is more than double the usual rate. Additionally, the number of new homes is expected to rise.

Recent Census data indicates an increase in housing starts (initiation of new home construction) and completions (finalization of construction).

Despite concerns about overbuilding, this trend is not alarming. In fact, it’s quite positive. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), states:

“Even more home building will be needed with the housing shortage persisting in most markets . . . Another 30% rise in home construction can easily be absorbed in the marketplace . . .”

Benefits for You

With the current low supply of existing homes, the surge in new-home construction offers more choices for your home search. Imagine living in a brand-new home: equipped with the latest appliances, fresh paint, minimal maintenance needs, and much more. Sounds appealing, doesn’t it?

Moreover, achieving this dream might be more attainable than you think. Some builders are currently offering incentives like mortgage rate buy-downs to make home buying more affordable. This can help mitigate the challenges of current market conditions while helping you purchase your ideal home. Patrick Duffy, Senior Real Estate Economist at U.S. News, notes:

“Builders have been using mortgage interest rate buydowns for many years as a sales incentive whenever interest rates are relatively high, . . .Today more builders are offering rate buydowns for the entirety of the loan, allowing buyers to finance more home for the same payment amount.”

Remember, purchasing from a builder differs from buying from a seller. It’s crucial to work with a knowledgeable real estate agent familiar with the local market. They can guide you through the process, from liaising with the builder to reviewing contracts.

Bottom Line

If you’re looking to sell and relocate, but struggling to find a suitable home, connect with Countryside Homes NJ and RE/MAX Select. With a local expert by your side, you can explore all options, including the newly constructed homes in our area.

Client Testimonials for Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Select, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.

David R. New Homeowner

Collaborating with Keith LaBrunda and Heather Montalbano from Countryside Homes NJ and RE/MAX Select streamlined the home-buying process for me. They were attentive to my needs and preferences, ensuring they understood exactly what I was seeking in a home and what was within my financial comfort zone. Keith and Heather provided invaluable assistance during the offer stage, sharing insightful details that enabled me to place a successful bid on my desired property. They recommended associates to assist me with securing a mortgage, conducting home inspections, and acquiring homeowner's insurance. Post-purchase, they continued to be a resource, suggesting local companies to contact for internet, water, waste management, oil, and other essential services. The experience of purchasing a home with Keith LaBrunda and Heather Montalbano was seamless and enjoyable.

Rachel and Andre First Time Homebuyer

As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Select, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Select. They truly go above and beyond for their clients!

Prestia Family New Homeowners

From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Select stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Select was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!