Discover the Surprising Affordability of Newly Built Homes
Do you think a brand-new home costs more? Think again! Right now, new homes are often cheaper than existing homes. A brand new house that no one has lived in can be a better deal than a 20-year-old home nearby. If you’ve ignored new builds because you think they are too expensive, it’s time to look again.
Why Are Newly Built Homes Less Expensive Right Now? Smaller Homes: Builders are aware that many buyers are struggling with costs. They are now building smaller homes. The average size of newly built homes has decreased, making them more affordable to develop and purchase. Price Cuts and Incentives: Recently, 34% of builders lowered their prices, with an average discount of 5%. Many builders also offer incentives, such as assistance with closing costs or lower mortgage rates, to make homes more affordable.
Local builders are still offering incentives to new-construction homebuyers, such as rate buydowns, closing cost credits, and upgrades. Builders are also reducing prices, with average cuts of about 6%. If you're considering a new-construction home, we can help you find the best options (including communities with incentives) and develop a strategy so you know what to ask for (and what’s negotiable) before you tour.
If you'd like, just contact us with the area(s) you're interested in, your price range, and whether you need assistance with financing, and we'll send you a shortlist of the best-fit new-construction options, along with the incentives worth asking about right now. Get in Touch
If you're in the market for a home, buying a new build could be the perfect choice for you: modern floor plans designed for today's lifestyles, the ability to customize the home to your specifications, green features that ensure lower utility bills, and smart home tech for comfort, convenience, and safety.
Why You Still Need a Real Estate Agent When Buying a New Build
When buying a newly constructed home, having a real estate agent is incredibly beneficial. They can help you find the right neighborhoods, negotiate prices, secure upgrades, and understand contracts while providing insights into market trends.
As your agent, we will coordinate progress inspections during construction, which is especially important for out-of-town buyers. Registering as our client grants you access to all our services, as well as those offered by the builder, typically at no additional charge. We'll accompany you on your first visit to ensure the builder is aware that you have professional representation.
About "Spec" Homes
Spec homes, or inventory homes, are properties that are either already completed or will be finished quickly. They allow buyers to bypass the lengthy decision-making process and waiting period of building a new home. The main advantage is the ability to walk inside and see the finished space and floor plan right away.
Get in Touch
Buying or selling a home on the Treasure Coast? We are happy to meet with you to discuss your wants and needs, with no obligation. Contact us today to schedule a consultation.