Purchasing a newly constructed home and owning your own house is undoubtedly one of life's most cherished milestones. Not to mention, it is among life's most significant investments and accomplishments. However, finding your way around the confusing array of real estate websites and understanding construction costs and the home-building process can be challenging.
After years of construction projects failing to keep up with the rapidly growing demand for homes and inventory shortage, homebuilders are doing their utmost to meet the needs of the homebuyer market. While builders are working to bring new construction properties to the market, the rush can sometimes lead to cutting corners and unintended errors.
The Money magazine lists McKinney as one of the fastest-growing cities in the US, with Victorian-era homes and a charming downtown. It's a recognizable achievement to be ranked at the top of the list as the magazine considers several factors. These include affordable housing, schools, safety, economic strength, job growth, healthcare accessibility, leisure and arts, and the convenience of living.
When is a good time to buy a newly built house? The short answer is now! If you’d asked the same question last year, the answer would have probably been a little different. Since the onset of the new year, actual construction home values, mortgage rates, and even sellers’ sentiments are all set to change in the buyer's favor. It’s time to reap the rewards and invest in homes in Dallas - especially the Dallas Arts District!
Most homebuyers purchase an existing home, whether it was built two decades ago or two centuries ago. Only about 11% of houses bought in 2022 were newly built homes. However, there’s a lot to be said for buying a newly built home, including that you can often get exactly what you’re looking for, down to the paint, flooring, and finishes.
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