The Benefits of Buying New Construction Right Now
by: , on June 18, 2021 - Buyers in South Jersey faq Home Buyer Tips Ocean City Real Estate
Here’s why more and more people are choosing to buy brand-new homes.
As you probably already know, new construction purchases are on the rise. With inventory so low, buyers are rushing to builders to secure properties.
If you were to buy a new construction home right now, you’ll be able to take advantage of all the appreciation that it will gain while it’s being built over the next six months to a year. Homes are appreciating at an incredible rate right now. Clients are locking in prices for properties now that might be worth $20,000 more if they were to wait until the home was done being built.
“
With rates expected to rise over the next year, buying now is a huge advantage.
”
Additionally, new construction allows you to customize the house to your tastes. You choose the flooring, countertops, kitchen, cabinetry, and you can customize the home how you want it.
The good news is that interest rates are very low for the time being. There are lenders out there who will lock in a rate now that is good until your new home is done being built. With rates expected to rise over the next year, this is another big advantage of buying new.
If you have any questions for me about buying a home, selling a home, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
