Inventory is low and we know finding a new home in this market is tough, so here is our breakdown of the top 4 reasons to consider buying an under-construction home.
1. Save money! In new construction, prices of materials often change monthly, but if we started the build process the base price and materials prices are locked in. Depending on the start date, that could be a significant amount of savings compared to starting your build at a later time.
2. Save time! There are quite a few steps before we start building, but when you buy a home that has already started, you miss that part of the process. Depending on the time of year and weather, building a new home can take about 5-9 months from start to finish. When you buy a home that has already started construction, that time is dramatically reduced and could be within a 90 day completion window.
3. Lock in your Interest Rate! Don’t fret about what your rate might be in 6-9 months, lock that awesome low rate right away. Of course, we have to say, every lender is different and has different loan options but typically when you buy a home that is under construction, you have a pretty firm closing date and can plan your financing up front. Ah, who doesn’t love more peace of mind!
4. There’s still time to make customizations… maybe! Ok, so this one just depends on the build stage but usually there is time to make some changes to selections like flooring, countertops, backsplash, light fixtures, or paint. Our New Homes Specialists & Project Managers are happy to help you figure out what can and cannot change on an under-construction home.
So there you have it, the top 4 reasons to consider purchasing an under-construction home. Click here to browse all the great homes we are building right now, did we mention that many of them will be completed in the next 90 days or less?
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