There’s a good reason if you can’t find a newly built home. The number of new households formed in the United States exceeds the number of new homes built. Have you thought about pre-construction homes as an option?
A pre-construction home means buying a home in the early stages. Several pre-construction home benefits include securing a reasonable price and choosing the finishes you want. There are also no bidding wars.
Check out this guide to buying a pre-construction home.
Secure a Good Price When Buying a Pre-Construction Home
The average home price in the United States is more than $450,000. One of the pre-construction home benefits is you get to lock in a price as the building process is in its infancy. For example, if the property value increases 20-percent from start to finish, you save a pile of money.
Pre-construction home tips also include getting a price when the area is not at its full potential. You’re in on the ground floor without any nearby amenities. Once the area becomes built-up, home values will rise.
What is a pre-construction home? Working with a builder such as the Blockchain Real Estate Company can help you get a great price.
Choose Your Finishes
You might ask, ‘what is a pre-construction home?’ Pre-construction home tips include choosing your finishes throughout the process. You get a custom home because you already put the down payment on the house!
In a pre-construction home guide, your builder will talk with you about the floors, cabinets, and tile you want in your new home. Upgrades raise the price of pre-construction homes, but you will also increase any resale value.
Your builder will work with you during your pre-construction home guide because they have yet to order any finishes.
No Bidding Wars
A bidding war ensues when there’s one house on the block, and everyone wants it. Pre-construction homes mean there is plenty to choose from in a development, so there’s no bidding war. Consider this a significant factor in your pre-construction home guide!
The downside is you must wait for the builder to finish, but you get a home, and you won’t have to wait much longer than the timeframe put in place by the builder.
If you choose a development with hundreds of homes, condos, or townhouses, you have your pick of location and style.
Bidding wars drive the home price through the roof. Many households lose a home because it becomes priced out of their range. Don’t let this happen to you!
Your Guide to Pre-Construction Homes
Purchasing pre-construction homes come with many benefits. You secure an excellent price, and you choose your own finishes. Also, you avoid a bidding war with multiple homes to choose from in a new housing development.
Get into your new home today and eliminate house hunting!
Do you want to learn more about buying a new home? Please read more information on new home construction and what it takes to become a homeowner on our blog.
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