Thinking about buying a home soon? Consider going for something brand-new. Recent data shows that many buyers are finding new home construction appealing these days—and you might discover that it’s exactly what you’re looking for too.

The National Association of Realtors (NAR) notes that newly constructed homes made up 15% of all home sales last year. This marks a notable rise and represents the highest share in 17 years.

To understand why so many people are choosing brand-new homes, the NAR conducted a survey among recent buyers. Here are the main reasons why new builds have become so popular:

Avoiding the hassle of renovations or issues with plumbing and electricity (42%)

Many buyers say that the biggest advantage of new homes is the peace of mind from having everything brand new. Let’s be honest, buying a home today can be expensive. With inflation adding extra strain on your budget, it's crucial to minimize additional expenses. That's where new builds come in.

A newly built home typically requires fewer unexpected repairs, which means you won’t have to set aside as much money for maintenance right away. Moreover, many builders offer warranties on their homes, providing extra financial protection for significant systems in the house.

The Ability to Choose and Customize Design Features (27%)

You might also have the opportunity to add your personal touch to various aspects of the build. This could range from selecting the knobs for the cabinets and choosing the light fixture for the dining room to making larger decisions like the floor plan and siding color. So, if you're having trouble finding a home you love, it could be worth considering building one.

The Perks of Amenities in New Home Construction Communities (25%)

A lot of new developments come with amenities such as parks, pools, fitness centers, and community areas. These features can enhance your neighborhood connection and are great additions to your lifestyle.

The Shortage of Previously Owned Homes on the Market (15%)

With the supply of existing homes still below usual levels, many people are turning to their agents to see what new constructions are available. Builders are stepping up to meet this demand, and currently, new builds account for a larger share of homes on the market than usual. Exploring these new properties can really expand your choices. Plus, there's no need to worry about builders overdoing it; they’re simply catching up on years of underbuilding.

Focus on Energy Efficiency (14%)

Newly built homes often feature the newest energy-efficient materials and technologies. This not only creates a more comfortable living space but can also help reduce your utility bills and lessen your impact on the environment. In an interview with U.S. News Real Estate, Kevin Morrow, Senior Program Manager at the National Association of Home Builders (NAHB), discussed this topic.

““The more energy-efficient mechanics of the house also help reduce utility bills for new home buyers . . . Newly-constructed homes often include green systems and appliances—like high efficiency stoves, refrigerators, washing machines, water heaters, furnaces, or air conditioning units—that homes built years ago might not.”
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— Kevin Morrow, Senior Program Manager at the National Association of Home Builders (NAHB)

The Appeal of Smart Home Features (11%)

Lastly, we have the integration of smart technologies. Buyers who are into tech often look for the newest advancements, and you'll typically find that new home constructions offer just that.

Why It's Crucial to Have Your Own Agent

Newly constructed homes are quickly becoming a favorite choice for buyers, and it's clear why. If you're eager to explore the options available, just keep in mind that having your own real estate agent is essential.

Builder contracts can include some tricky language and intricate details. When you bring your own agent into the mix, you'll have someone to stand up for you, ensure you're getting quality construction, and help you navigate the process from beginning to end.

Bottom Line

Imagine avoiding the stress of renovations and having the freedom to choose the design features you desire. If that appeals to you, let's get in touch. I can connect you with your own agent who will assist you in negotiating with the builder, allowing you to purchase a new home with confidence.