Buying a home in Houston can be quite the challenge. In a market as fast moving and evolutionary as ours, it’s important to know all of your options upfront, and discuss them openly with your agent. If existing housing inventory in the suburb or school district of your choosing is limited, considering buying new construction may be a smart move.
According to Redfin, the pace of new construction has lagged demand in recent years, but is currently on the rise- especially in markets like Houston. If you’ve not found your perfect home in your perfect area just yet, maybe buying new construction is for you. Here are 4 smart reasons to consider buying a new build:
1. You Get to Customize Your Home
This varies from builder to builder, but in most cases you get to choose your floor plan, lot, home placement, and design-driven features and upgrades. You’ll also have an idea of the cost of these additions, and will be able to adhere to any budgetary confinements.
2. You May Get Builder Incentives
Often, there’s quite a bit of “wiggle room” when working with builders. Because they’ve got a bottom line to meet and aren’t emotionally attached to their homes, they’ll often “sweeten the deal” with money saving incentives for you. Builders are more likely to pay a portion of closing costs or offer incentives, so your agent will be able to negotiate more intensely with a builder than a traditional seller.
3. You Will Likely Get a Builder Warranty
Most new homes typically come with a builder warranty to cover common post-construction issues that the builder is responsible for correcting. Your agent will be able to walk you through the details of this kind of warranty.
4. You Can (Sometimes) Finance Through the Builder
Sometimes builders offer a one-stop shop for your building and financing needs. Though this isn’t always the case, it’s still something to be aware of.
Interested in learning more about new construction? Send us a message and we’ll set you up with a top-notch agent in your area.