Hire A ProfessionalHome BuyersLuxury HomesMoney TalkNew Build December 27, 2024

What’s Motivating More Buyers To Choose a Newly Built Home?

Planning to buy a home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana soon? Why not consider something brand-new? Many buyers are discovering the appeal of new home construction, and it might be just what you’re looking for.

The National Association of Realtors (NAR) reports that newly built homes made up 15% of all homes sold last year—a significant increase and the highest percentage in 17 years (see graph below):

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Why are more buyers choosing new construction homes? According to NAR, recent buyers highlight these top reasons (see graph below):

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1. Avoiding Renovations or Plumbing/Electrical Problems (42%)

The biggest benefit of a newly built home is peace of mind. When you’re already investing in a home, avoiding costly repairs or maintenance is a top priority. Newly constructed homes are less likely to have unexpected issues, and many builders offer warranties, adding extra protection for major systems.

2. Ability To Choose and Customize Design Features (27%)

New construction gives you the chance to personalize your home. From cabinet knobs and light fixtures to floor plans and siding color, you can design a space that fits your style. If you’re struggling to find a home that meets your needs, building one might be the best solution.

3. Amenities in New Home Communities (25%)

Many new developments feature amenities such as parks, pools, fitness centers, and community spaces. These features not only enhance your lifestyle but also create opportunities to connect with your neighborhood.

4. Lack of Inventory of Previously Owned Homes (15%)

With the inventory of pre-owned homes remaining low, buyers are increasingly turning to new builds to expand their options. Builders have stepped up to meet this demand, providing a larger portion of homes for sale without overbuilding.

5. Energy Efficiency (14%)

Modern homes often incorporate the latest energy-efficient materials and technologies, leading to lower utility bills and a smaller environmental footprint. As Kevin Morrow of the National Association of Home Builders explains:

“Newly-constructed homes often include green systems and appliances—like high-efficiency stoves, refrigerators, washing machines, and HVAC systems—that older homes may lack.”

6. Smart Home Features (11%)

Tech-savvy buyers are drawn to the smart technologies commonly found in new homes. From advanced security systems to home automation, these features can make everyday living more convenient.

Why You Need Your Own Real Estate Agent

If you’re considering new home construction in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, remember to work with your own real estate agent. Builder contracts can be complex, and having an expert advocate on your side ensures you get quality construction and favorable terms.

Bottom Line

Newly built homes offer numerous advantages, from energy efficiency to customizable designs and modern amenities. If you’re ready to explore homes for sale or need help selling your current house, connect with a local real estate expert. With an experienced agent guiding you, you can confidently navigate the process and find your dream home.

Let us help you make your move in Greater Cincinnati, Northern Kentucky, or Southeast Indiana today!