The Pros and Cons of New Construction Homes
The advantages and disadvantages of building a new construction home.
Why would you buy a newly-built home in this market? There are pros and cons to buying homes this way, and we want to talk about them a bit today. It may surprise you, but the advantages and disadvantages have changed since last year.
You can watch the full video above or skip to each section using the timestamps provided:
0:00 — Introducing today’s topic
0:18 — You’ll have lower closing costs if you buy from a builder
0:47 — There will be less competition
1:26 — You’re the first owner of a new home
2:29 — The area increases in value
3:25 — Interest rates are rising, which is bad for new construction homes.
4:53 — Builders are pushing back timelines or cutting corners
6:13 — The commute will be longer
7:15 — Wrapping up
If you have any questions about the pros and cons of newly-built homes or real estate in general, please call or email us. We’d love to hear from you.