Why Are More Buyers Opting for Newly Built Homes?
Thinking about buying a home soon? Have you considered going for something brand-new? Many buyers are finding new home construction increasingly appealing—and it might just be the perfect choice for you too.
According to the National Association of Realtors (NAR), newly built homes made up 15% of all home sales last year. That’s a notable jump and the highest percentage seen in 17 years (see the graph below).
To better understand why so many buyers are choosing brand-new homes, NAR conducted a survey of recent buyers. Here are the top reasons driving the rising popularity of new builds (see graph below):
Avoiding Renovations or Issues with Plumbing or Electricity (42%)
According to buyers, the number one benefit is the peace of mind that comes with getting brand-new everything. Because let’s face it, buying a home right now is pricey. And with inflation also putting a pinch on your wallet, you want to do everything you can to cut down on any additional costs. Enter new builds.
Newly built homes are less likely to need immediate maintenance or repairs, saving you money upfront. Plus, many builders offer warranties on major systems, providing added financial security and peace of mind.
The Freedom To Choose and Customize Design Features (27%)
Another major perk of new builds is the ability to personalize your home to suit your style. From small details like cabinet knobs and light fixtures to big decisions like floor plans and exterior colors, new construction offers opportunities to make the space uniquely yours. If you’re not finding a pre-owned home you love, building one might be the perfect solution.
Amenities in New Home Construction Communities (25%)
New developments often include lifestyle-enhancing amenities such as parks, pools, fitness centers, and community spaces. These extras not only improve your quality of life but also help foster a sense of connection with your neighborhood.
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Limited Inventory of Previously Owned Homes (15%)
With fewer existing homes on the market than usual, more buyers are turning to new builds for options. Builders are offering a variety of homes to meet demand, creating more opportunities for buyers who are struggling to find the perfect fit among resale properties. Rest assured, this isn’t overbuilding—it’s a much-needed response to years of underbuilding.
Energy Efficiency (14%)
Newly constructed homes often feature the latest energy-efficient materials and technologies, which help reduce utility bills and minimize environmental impact. As Kevin Morrow, Senior Program Manager at the National Association of Home Builders (NAHB), explains:
“The more energy-efficient mechanics of the house also help reduce utility bills for new home buyers . . . Newly-constructed homes often include green systems and appliances—like high-efficiency stoves, refrigerators, washing machines, water heaters, furnaces, or air conditioning units—that homes built years ago might not.”
Smart Home Features (11%)
Finally, many new builds come equipped with the latest smart technologies, catering to buyers who value cutting-edge features. These homes often include integrated systems for lighting, security, and energy management, making them highly attractive to tech-savvy buyers.
Why You Should Use Your Own Real Estate Agent
With all the benefits of new builds, it’s no surprise they’re becoming a top choice for many buyers. If you’re ready to explore your options, don’t forget to bring your own real estate agent.
Builder contracts can be complex, with detailed fine print that might not always work in your favor. Having an experienced agent on your side ensures you’ll get high-quality construction, fair terms, and expert guidance throughout the process.
Bottom Line
Picture yourself avoiding the stress of renovations and stepping into a home designed exactly to your liking, with every detail tailored to your preferences. From choosing the perfect floor plan to selecting finishes that match your unique style, new construction offers unparalleled freedom and convenience. If this vision resonates with you, it’s time to take the next step.
Partner with a local real estate agent who can act as your advocate throughout the process. They’ll help you navigate builder contracts, negotiate favorable terms, and ensure you’re making a sound investment. With an expert by your side, you can confidently move forward and make your dream of owning a brand-new home a reality.