The Best Week to Buy a Home in 2024 is Almost Here
The past few years have been tough for buyers. And if you think back to before the pandemic, you’ll likely remember hearing that spring was always the ideal time to buy a home. After all, that’s when the majority of homeowners list their homes for sale, and more homes on the market means more options for buyers. This fall, however, marketing conditions are aligning in favor of homebuyers in many markets, creating a unique window that hasn’t happened in recent years. Realtor.com even named September 29 - October 5 the best week to buy a home in 2024. "This year buyers who are looking for that optimum mix of ample options and the potential to save on list price are going to find some of the best market dynamics in years during the first week of October," said Danielle Hale, chief economist, Realtor.com®. So, what makes this season stand out? Let's break down the data below. #1—Lower Mortgage Rates After months of steady climbs, mortgage rates have recently dipped to their lowest levels since February 2023, falling to 6.11% on September 11. This decline offers buyers a chance to lock in more favorable rates and save substantially on their monthly payments. For instance, the monthly payment on a typical home purchase has decreased by over $100 since peaking in May, according to Zillow. But here’s the catch: mortgage rates are unpredictable. While they’re lower now, they could rise again without warning. Acting now could mean the difference between getting a great deal and missing out. #2—Peak Inventory Levels If you’ve been holding out for more options, your patience has paid off. In August, the number of homes for sale increased by 22.1% compared to the same time last year. And, Realtor.com reports that the first week of October will likely feature 37% more active listings than at the start of the year, offering the widest selection for buyers. "Unlike the past few years, we are seeing ample for-sale inventory which could soak up any late-season demand in many markets, making the fall a great time to buy even if falling mortgage rates amp up more demand than is typical," said Hale. More inventory means more choices — and more opportunities to find the perfect home. It also means less pressure to make a snap decision, allowing you the time to thoroughly consider your options without worrying about losing out to another buyer. #3—Less Competition Means More Negotiating Power Spring and summer are traditionally hot buying seasons, with a typical cooling in fall and winter. Buyer demand is expected to drop by nearly 30% compared to the spring peak. This reduction in competition could give you a leg up in negotiations, whether that means offering below the asking price or asking the seller to cover some of your closing costs. #4—Price Reductions are More Common In a market with more inventory and less competition, sellers are often more motivated to make deals happen. In August, 25.9% of listings experienced price cuts nationwide, compared to 23.4% a year ago. If you’ve been frustrated by inflated prices, you might find more opportunities to negotiate a lower price or snag a deal on a home that has been sitting on the market. In addition, Redfin reports that the number of homes sold above their list price has also dropped, from 33% last year to just 27.9% in the four weeks ending September 8. In practical terms, this means that sellers are more willing to negotiate, giving you the opportunity to buy a home for less than you might have expected. Seasonal Trends for Homebuyers While fall is typically seen as a slower season for real estate, it can actually be a strategic time to buy. Many sellers want to close deals before the holiday season, making them more motivated to negotiate. That’s part of the reason why Realtor.com identified the week of September 29 – October 5 as the best week to buy a home this year (along with the reasons above!). If you’re thinking about buying a home, waiting until spring could mean higher rates, fewer options, and stiffer competition. This fall is offering a rare combination of lower mortgage rates, more inventory, reduced competition, and increased negotiating power. If you’re interested in learning more about your options, reach out here for a discovery call.
Read MoreYour Dream Home Awaits: Discover 2350 NW Lydia Pl, Beaverton, OR 97006
Welcome to 2350 NW Lydia Pl, a stunning gem nestled in the tranquil Bethany area of Beaverton, Oregon. This beautiful home is situated in a peaceful cul-de-sac and boasts a listing price of $660,000. With 2,416 sq ft of meticulously designed living space, this residence offers both comfort and convenience for modern living. As you step inside, you'll immediately notice the thoughtful updates that make this home truly move-in ready. The exterior has been freshly painted, complementing the new carpet throughout the interior and brand-new kitchen flooring. These updates not only enhance the aesthetic appeal but also provide a fresh and inviting atmosphere. One of the standout features of this home is its flexible layout. The main floor includes a bedroom that can easily serve as a home office or guest room, providing versatility to suit your needs. Additionally, the large bonus room offers endless possibilities – whether you envision it as a home theater, game room, or additional office space. The heart of this home is undoubtedly its spacious family room. With a cozy gas fireplace as its centerpiece, this room is perfect for gathering with family and friends. Imagine curling up by the fire on chilly evenings or hosting lively get-togethers in this inviting space. The kitchen is designed with both functionality and style in mind. Ample counter space ensures you have plenty of room for meal preparation, while the pantry and abundant cabinetry provide excellent storage options. The charming breakfast nook overlooks the private backyard, creating a serene setting for your morning coffee or casual meals. Upstairs, you'll find the primary bedroom – a true retreat from the hustle and bustle of daily life. This tranquil space features oversized windows that flood the room with natural light, creating an airy and relaxing ambiance. The en-suite bathroom adds a touch of luxury with its modern fixtures and finishes. Outdoor enthusiasts will appreciate the fully fenced backyard, perfect for outdoor entertaining or simply unwinding after a long day. Whether you're hosting summer barbecues or enjoying quiet moments in nature, this backyard offers a private oasis. Practicality meets convenience with the 2-car garage, providing ample storage space for vehicles and other belongings. Another significant advantage is that this home is located within the sought-after Beaverton school district, ensuring access to top-rated schools for your family's educational needs. Beyond the comforts of home, 2350 NW Lydia Pl offers an enviable location just minutes from local parks, shopping centers, dining options, and easy highway access. Whether you're commuting to work or exploring nearby attractions, you'll find everything you need within reach. In summary, 2350 NW Lydia Pl is more than just a house; it's a place where cherished memories are made. With its well-maintained condition, thoughtful updates, and prime location in Beaverton's Bethany area – all without any HOA fees – this property represents an incredible opportunity to own your dream home. Don't miss out on making this stunning residence yours! Schedule a viewing today and experience firsthand what makes 2350 NW Lydia Pl so special. Your dream home awaits!
Read More6 Things You Need to Know About Upcoming Changes to the Real Estate Industry
A little backstory: Back in March, the National Association of Realtors (NAR) agreed to a settlement deal. The organization agreed to both a monetary settlement as well as real estate practice changes aimed at providing more transparency regarding how real estate agents are paid. But how exactly does that change things for you? There are two main differences you may be hearing about: Offers of compensation for buyer brokers or buyer agents can no longer be made on the Multiple Listing Service (MLS). Real estate agents must enter into a written agreement with a homebuyer before giving them a tour of a property. Headlines might make these changes seem overwhelming. And while some of the paperwork is new, the reality is that the majority of professionals in the industry will continue to provide the same service they always have. To help you get a better understanding of what this means for you, here are six key things home buyers and sellers should know about the changes going into effect on August 17, 2024. What Changes Mean For Homebuyers #1—Homebuyer Agreements Your real estate agent needs to have a written agreement signed before they can show you homes. This doesn’t mean you are locked in for life—some agreements can be for one property, some for one week, and some for a longer period of time. Be sure to ask about the different options available when interviewing buyer agents, and make sure you understand exactly what services are included. #2—Know What You're Paying For This agreement will clearly outline your agent's compensation. If the agreement is not specific, or if you have questions, ask for clarification (and get it in writing) before signing anything. And, just like before, agent fees are negotiable. This settlement doesn't change that. #3—Seller Deals Still Exist Sellers can still offer to cover some of your closing costs, and even the buyer agent fees, as an incentive. While you won't see the seller’s offers to buyer agents on the MLS listings anymore, that doesn't mean they're gone. Your agent can find out if the seller is offering buyer agent compensation (or negotiate for it should you decide to make an offer on a property). What Changes Mean For Home Sellers #1—The Power of Choice You’re still in control! You can decide if you want to offer compensation to buyer brokers. When interviewing your listing agent, ask about the pros and cons of offering buyer agent compensation to help you determine what the best option is for your situation. #2—Transparent Terms Your listing agent must obtain your approval before making any offer of payment to buyer brokers. If you choose to offer compensation, the terms must be transparent and made in writing—including how much and how it will be paid. #3—MLS Dos and Don'ts As a seller, you can no longer put offers of buyer broker compensation on the MLS. (This must happen off MLS.) However, you can still offer buyer concessions on the MLS, like buyer closing costs. Final Thoughts These changes are designed to make the process of agent compensation when buying or selling a home more transparent. That being said, there are going to be different options available, so it’s important you take the time to understand them all. By working with a knowledgeable real estate agent, you can ensure that your home buying or selling experience is positive and successful. For more information about these changes, visit facts.realtor or schedule a discovery session with me here. Book an appointment here.
Read MoreThe Role of Real Estate Agents in Today’s Market: Buyer’s vs. Seller’s Agents
Let’s get real. Do you have to use a real estate agent when buying or selling a home? The answer, of course, is no. You can absolutely go it alone, and there are people who opt to do so every year. After all, with the internet at your fingertips, you can search for homes, look up property values, and even negotiate deals on your own. Yet, even with all that info, 89% of people choose to work with a professional, according to a report from the National Association of Realtors. There’s been a lot of attention on real estate industry changes (6 Things You Need To Know About Upcoming Changes to the Real Estate Industry) lately. But today, I want to go back to the basics and discuss the difference between a buyer’s agent and a seller’s agent—and what each can do for you during your real estate transaction. Buyer’s Agents Sites like Zillow can help you find your dream home by browsing listings online, and they even alert you to open house schedules. These sites can also connect you with a local real estate professional if you are not already working with one. A buyer’s agent goes beyond the vast amount of information online and acts as your personal guide throughout the entire home buying process. Think of them as your real estate advocate, someone who is entirely focused on your needs and interests. Realtor.com compiled 111 things buyer’s agents do throughout the real estate transaction, but here, we’ll just focus on some of the key elements of their work: Finding the Perfect Home Like I noted above, you can search for homes online, but can you really spot the difference between a house that’s priced to sell and one that’s hiding a laundry list of issues? According to the 2023 Profile of Home Buyers and Sellers, 89% of buyers used an agent to purchase their home, with 50% citing that the most valuable service was helping them find the right property. Your agent will use their knowledge of the local market to help you find properties that match your criteria. They’ll schedule showings, provide insights, and help you weigh the pros and cons of each home. Negotiating Price and Terms You might think you can haggle your way to a better deal, but without an agent, you’re missing out on the subtle art of negotiation. Keep in mind that negotiations can happen at different points throughout the transaction, such as getting an offer accepted and after inspection and appraisals are complete. The NAR report highlights that agents are essential in negotiating better contract terms and handling the complexities of the sale. A good buyer’s agent knows how to sweeten the deal in ways you might not even consider—like securing repairs or getting the seller to cover closing costs. Navigating Paperwork The paperwork involved in buying a home can be a maze of legalese. This can be overwhelming for many. That’s why 90% of buyers found their agent to be a useful information source throughout the process, ensuring every “i” is dotted and every “t” is crossed. Seller’s Agents On the other side of the deal, a seller’s agent (also known as a listing agent) is dedicated to helping homeowners sell their property quickly and at the best price possible. They’re the ones who market your home, negotiate with buyers and handle the logistics of the sale. Let’s take a look at some of the key responsibilities of a listing agent. Pricing the Home Correctly Pricing your home is part data and part art. Get it wrong, and you could scare off buyers or leave money on the table. The right price attracts serious buyers and maximizes your profit. Over the past few years, properties were flying off the market in a matter of days. Yet, even then, for sale by owner (FSBO) homes sold for significantly less than agent-assisted homes. In 2022, FSBOs sold for a median price of $310,000 compared to a median price $405,000 of agent-assisted homes, according to NAR. Seller’s agents use data, experience, and market insight to price your home strategically—something an online calculator just can’t replicate. Marketing the Property A seller’s agent will create a comprehensive marketing plan to showcase your home to attract serious buyers, not just window shoppers. This includes professional photos, videos, an online social plan, open houses, and sometimes even staging the home to make it more appealing to buyers. Interested in learning about our marketing plan? Check it out here. Handling Offers and Negotiations Without an agent, you’re the one fielding offers, counter-offers, and everything in between. It sounds empowering until you’re faced with a buyer who’s playing hardball. That’s why 87% of sellers said they would definitely or probably recommend their agent for future services. A seller’s agent handles the back-and-forth, ensuring you don’t cave under pressure or get taken for a ride. In addition, they manage the entire sale process beyond getting an offer accepted—from coordination of inspectors and appraisers to getting to the closing table on time. Final Thoughts It’s tempting to think you can save money on commissions without an agent. But when buying or selling a property, the stakes are high. A skilled real estate agent isn’t just another expense; they bring a level of expertise and market knowledge that can save you time, stress, and money. And that’s an investment that can make all the difference.
Read MoreLuxurious Living with Panoramic Views: 1891 ROCKRIDGE DR, West Linn
Imagine waking up every morning to the breathtaking views of the Willamette River and the majestic Mt. Hood. Nestled atop a generous 0.33-acre lot, 1891 ROCKRIDGE DR in West Linn, Oregon offers a living experience that artfully balances comfort with panoramic elegance. With a listing price of $875,000, this 2626 Sq Ft residence is a true embodiment of upscale living.Upon entering the property, you will be immediately captivated by the abundance of natural light that floods the space, creating a warm and inviting atmosphere. The four-bedroom, three-bathroom layout is designed to provide ample space for both relaxation and entertainment. Each area of the home boasts expansive windows that invite the outside in, offering a seamless integration with nature.The kitchen is a chef's dream, featuring high-end appliances that make cooking a delight. The space opens onto a charming breakfast nook, perfect for leisurely morning coffee while enjoying the stunning views. Whether you are preparing a gourmet meal or simply enjoying a quick snack, this kitchen provides the perfect backdrop for culinary creativity.Working from home has become more important than ever, and this residence provides a cozy office space where you can focus and stay productive. The serene bedrooms offer a peaceful retreat, allowing you to unwind and recharge after a long day. The large windows in each room not only provide breathtaking views but also ensure that natural light fills every corner of the home.The property's private, secured setting is accentuated by meticulously designed landscaping, creating a retreat-like ambiance. The beautiful yard provides ample space for outdoor activities and is perfect for hosting gatherings or simply enjoying a quiet evening. For those who seek relaxation, the luxurious bathroom with a jetted tub offers a tranquil spa experience. Additionally, the inclusion of a sauna elevates the at-home relaxation experience to new heights.Outdoor enthusiasts will appreciate the covered patio, which provides a year-round haven for contemplation or entertainment. Whether you want to enjoy a morning cup of coffee while taking in the sunrise or host a summer barbecue with friends and family, this outdoor space is sure to become your favorite spot.Convenience and style are seamlessly integrated in this home, as evidenced by the garage that ensures your vehicles are safely stored. The thoughtfully designed layout and attention to detail throughout the property showcase the careful consideration given to every aspect of this home.1891 ROCKRIDGE DR promises a lifestyle marked by both grandeur and comfort. Whether you are basking in the glow of a sunset over the mountains or enjoying the seclusion of a secured private estate, this property provides the perfect backdrop for luxurious living. Don't miss the opportunity to make this exquisite residence your own and experience the beauty of West Linn, Oregon firsthand.In conclusion, 1891 ROCKRIDGE DR offers a unique opportunity to live a life of luxury with panoramic views. From the high-end appliances in the kitchen to the serene bedrooms and the meticulously designed landscaping, every element of this property exudes elegance and comfort. Make this house your home and enjoy the grandeur and comfort it has to offer.
Read MoreCharming and Modern: A Closer Look at 2624 NE 20th Ave, Portland
Are you in search of a home that seamlessly blends the charm of the past with the conveniences of the present? Look no further than 2624 NE 20th Ave in the historic Irvington neighborhood of Portland, Oregon. This exquisite 1909 home offers a unique combination of original features and modern updates, making it a truly exceptional property. With its spacious layout, low-maintenance yard, detached office space, and garage, this home is sure to impress. Allow us to take you on a virtual tour of this delightful residence. Spanning an impressive 2,626 square feet on a 0.12-acre lot, this home offers ample space for comfortable living. As you step inside, you'll immediately notice the gorgeous hardwood floors that grace the main living areas. These floors not only add warmth and character but also provide easy maintenance for busy homeowners. The kitchen is a true gem, boasting a recent renovation that seamlessly blends style and functionality. With modern appliances, ample storage space, and stylish countertops, this kitchen is a dream come true for any home chef. Whether you're preparing a gourmet meal or simply enjoying a casual breakfast, this space is sure to inspire your culinary creativity. The layout of this home is well-designed and offers a perfect balance of privacy and versatility. With three bedrooms and one and a half bathrooms, there is plenty of room for the whole family. Additionally, the partially finished basement provides a flexible space that can be used as a recreation room, home office, or even a non-conforming fourth bedroom. This added space is a valuable asset, allowing you to tailor it to your unique needs. One of the standout features of this property is the low-maintenance turf yard. Say goodbye to the hassle of mowing and hello to more time spent enjoying your outdoor retreat. The backyard also offers a detached office space, providing the perfect setting for remote work or a creative sanctuary. Imagine stepping into your own private oasis, surrounded by the beauty of nature and peaceful serenity. For those seeking additional storage or parking space, the garage is a welcome bonus. Whether you need a secure spot for your vehicle or a place to store recreational equipment, this garage offers convenience at your fingertips. No more worrying about finding street parking or cluttering your living space with extra belongings. Beyond the physical attributes, this home is nestled within the vibrant Irvington neighborhood. With its tree-lined streets and historic charm, this community offers a sense of belonging and tranquility. Imagine taking leisurely walks, enjoying the company of friendly neighbors, and exploring the local amenities that this neighborhood has to offer. This is not just a home; it's a lifestyle. In summary, 2624 NE 20th Ave is a home that combines the best of both worlds. Its original charm and modern updates create a harmonious blend that is sure to captivate any buyer. With its spacious layout, low-maintenance turf yard, detached office space, and garage, this property offers a wealth of features that are hard to find. Don't miss out on the opportunity to call this charming house your home. Schedule a viewing today and discover the endless possibilities that await you in this remarkable property in Portland's historic Irvington neighborhood.
Read MoreLuxury Lakeside Living: A Tour of the Extraordinary Chateau on Lakeview Blvd, Lake Oswego
Welcome to Lake Oswego, a picturesque town known for its charming neighborhoods and stunning lake views. Today, we invite you to join us on a virtual tour of a truly remarkable property that embodies the essence of lakeside living. Located at 3232 Lakeview Blvd, this extraordinary chateau is a masterpiece that offers the perfect blend of luxury, elegance, and comfort. With a listing price of $6,000,000, this exclusive estate is truly a rare find. As you step inside the grand foyer, you'll immediately be captivated by the opulence and attention to detail that defines every aspect of this home. No expense has been spared in creating a living space that is both functional and visually stunning. The main floor is designed for seamless entertaining, with a stunning gourmet kitchen that any chef would envy. Equipped with top-of-the-line appliances and plenty of counter space, this kitchen is a culinary enthusiast's dream come true. Adjacent to the kitchen is the great room, a spacious and inviting area that is perfect for hosting gatherings or simply relaxing with family. The formal dining room offers a refined setting for elegant dinner parties, complete with exquisite chandeliers and breathtaking lake views. Whether you're hosting a soirée or enjoying a quiet evening at home, this chateau provides the perfect backdrop for any occasion. Making your way upstairs, you'll find the primary suite, a sanctuary that exudes tranquility and luxury. Wake up to panoramic lake views every morning and unwind in the cozy sitting room, where you can curl up with a good book and enjoy the soothing sounds of nature. The ensuite bathroom features luxurious fixtures and finishes, ensuring that every moment spent here is a pampering experience. Additionally, there are two more spacious bedroom suites on this floor, each offering privacy and comfort. But the luxury doesn't end there. Ascending to the third floor, you'll discover a home office that is both functional and inspiring. Imagine working from this light-filled space with sweeping views of the lake, providing the perfect environment for productivity and creativity. The lower level of this chateau is a haven of relaxation and entertainment. Indulge in the ultimate movie-watching experience in the state-of-the-art theater or retreat to the wine cellar for a tasting session. For those who enjoy staying active, the 32-foot indoor lap pool is the perfect spot for a refreshing swim. After a workout, step outside onto the slate patio and unwind in the built-in hot tub, or take the few steps down to the lake and explore the boat house. In conclusion, 3232 Lakeview Blvd is a true gem within Lake Oswego's real estate market. This chateau offers an unparalleled combination of luxury, lakeside living, and impeccable design. With its extensive amenities and breathtaking views, it presents an opportunity to live a life of absolute indulgence and tranquility. Don't miss out on the chance to own one of Lake Oswego's rare masterpieces – schedule your private tour today and experience the allure of luxury lakeside living first-hand.
Read MoreMeticulously Maintained Home in Hillsboro: A Tranquil Oasis
Welcome to {358 SE 69TH AVE, Hillsboro, OR 97123}, a meticulously maintained house nestled in the heart of Hillsboro. This charming home, with a listing price of $569,000, offers comfort, tranquility, and a range of desirable features that are sure to capture your heart.As you step inside, you will be greeted by a soaring vaulted ceiling that creates a sense of openness and grandeur. The fireplace, located in the main living area, adds a touch of warmth and charm, making it the perfect spot for cozy evenings spent with loved ones. Natural light floods the open-plan living area, enhancing the inviting atmosphere and creating a bright and airy ambiance.One of the standout features of this home is the updated luxury vinyl plank flooring that spans the main level. This elegant addition adds a touch of modern sophistication while ensuring durability and easy maintenance. Whether you're entertaining guests or enjoying quiet family moments, this stylish flooring creates a seamless flow throughout the home.With 3 bedrooms and 2.5 bathrooms, including a master bedroom suite, this home offers plenty of space for comfortable living. The laundry, conveniently located on the main level, is a practical feature that adds convenience to your daily routine. The tile bathroom floors in the home add a touch of sophistication, making your morning routine a luxurious experience.The kitchen is a culinary enthusiast's dream, boasting high-end appliances that make cooking a pleasure. You'll find ample space for meal preparation, and the family room dining room combo is ideal for gatherings and entertaining. The vaulted ceilings in the living room add an expansive feel, while large windows allow plenty of natural light to filter in, creating an inviting and bright atmosphere.Step outside onto the patio and immerse yourself in the beauty of the large fenced yard. This outdoor space is perfect for various activities and enjoying the fresh air. Whether you have little ones who love to play or you simply enjoy gardening, this spacious yard offers endless possibilities.Conveniently located near parks, including Orenco Woods Nature Park and Noble Woods Park, this home allows you to easily connect with nature. Explore the trails, have a picnic, or simply take a leisurely stroll in these nearby green spaces. Additionally, with Intel, Salesforce, and Orenco in close proximity, you'll enjoy easy access to amenities and entertainment options.In conclusion, {358 SE 69TH AVE, Hillsboro, OR 97123} is a meticulously maintained home that offers a tranquil oasis in the heart of Hillsboro. From the moment you step inside and are greeted by the vaulted ceiling, to the modern elegance of the luxury vinyl plank flooring, this home exudes a sense of comfort and style. With its spacious yard, convenient location, and a range of desirable features, this property is a true gem in the real estate market. Don't miss the opportunity to make this house your dream home.
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Are you looking for a home that offers the perfect combination of privacy and luxury? Look no further than this custom-built home surrounded by lush landscaping, 360 degrees of fencing and hedges. Step through the secure gate and feel right at home with its beautiful grounds, bright open floorplan and custom moldings throughout. Here's a look at the amazing features that await you within the walls of this gorgeous property. As soon as you step inside, you can't help but admire the solid cherry cabinetry with soft-close drawers, granite countertops and central vac system for easy clean up. Enjoy cozy nights next to one of two gas fireplaces or relax to surround sound in the family room. Upstairs there is even a laundry room for added convenience. From here, step outside onto two tiered decks complete with gazebo – perfect for entertaining guests while enjoying views of Mt Hood from the pool area below. And if gardening is your thing, then take advantage of the raised garden beds and fruit trees located on the property too! The interior of this house is simply stunning but there's also plenty to do outside too! With its own private oasis and 360 degrees of fencing and hedges you can be sure that your days spent enjoying nature will be undisturbed by neighbors or passersby. In addition, there are also plenty of pathways around so you could go on long walks or bike rides around the grounds when you want some fresh air! This amazing property has so much to offer - from its luxurious interior to its secluded exterior- making it an ideal place for anyone who wants privacy yet still enjoys being close to nature. Whether spending time indoors with family or outdoors exploring all it has to offer, this custom-built home will not disappoint! Stop searching for your dream home – it’s been found! Contact us today to book a tour before someone else claims this incredible private oasis as their own! Click Here for Property Website
Read More 5 Reasons Why You Should Buy a New Construction Home
When you’re in the market for a new home, you have the option of buying an existing home or going with new construction. Although buying a new construction home may seem like the more expensive option at first, there are actually quite a few reasons why it may be the better choice in the long run. Here are 5 reasons to buy new construction:Reason #1: You Can Customize Your HomeOne of the great things about buying a new construction home is that you can often customize it to some extent to suit your needs and taste. For example, you may be able to choose your appliances, flooring, countertops, cabinets, fixtures, and paint colors. This is not always an option when buying an existing home.Reason #2: Your Home Will Be More Energy EfficientAnother advantage of buying a new construction home is that they are often more energy efficient than older homes. New homes are built to meet current energy codes, which means they have better insulation and more energy-efficient windows. This can translate into lower utility bills for you and a smaller carbon footprint.Reason #3: Your Home Will Require Fewer RepairsWhen you buy an existing home, there’s no telling what kind of repairs or renovations you may have to make. With a new construction home, on the other hand, everything should be brand new and in good working condition. That means fewer repairs for you to worry about in the short-term and fewer major renovations that will need to be done down the road.Reason #4: Your Home May Appreciate FasterSince new construction homes are often in high demand, they may appreciate faster than existing homes. This is especially true if you buy in an up-and-coming neighborhood where more and more people are looking to buy new construction homes. If you do your homework, you may be able to find a new construction home that will appreciate at a faster rate than an existing home in the same area.Reason #5: You May Qualify for New Construction IncentivesSome builders offer incentives for buyers who purchase new construction homes in order to entice more buyers. These incentives could include free upgrades or closing cost assistance. It never hurts to ask your builder if there are any special incentives available for buyers of new construction homes!Buying a new construction home has its advantages! You can often customize your new home to some extent, it will likely be more energy efficient than an existing home, require fewer repairs, and appreciate faster. Plus, you may even qualify for special incentives from your builder! When you’re ready to buy a new home, keep all of these factors in mind and weigh your options carefully before making your final decision!
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