You want a new home. However, it is a significant decision. No matter what your generation, purchasing a new home may be one of the wisest choices you make in your life. Why should you buy a new home?
Rent is Rising
It is essential to realize that rent prices in the housing market are still on the rise. Housing predictions come and go, but occasionally it rings true and supports what is happening in the market. Additionally, Forbes.com has an article that describes some of the predictions for 2020.
“Contrary to widely held beliefs, most millennials actually do want to own homes as opposed to renting apartments. In a Chase Home Lending study, 70% of millennials surveyed said they would be willing to cut back on activities like spa trips, shopping, and going to the movies to save money for a home purchase. That says a lot for this generation.”
New Construction Sales are Booming
Due to the shortage of existing homes for sale, potential buyers are increasingly considering new construction properties. There are many reasons to choose a new home over a used one. Firstly, the price difference is usually negligible. Secondly, re-sale homes sometimes need a lot of work to make them yours, while a new construction home is designed or chosen by you! Thirdly, most new home communities have amenities or are very close to local area amenities.
Buyer incentives are currently $10K Buyer Bonus on inventory homes in selected communities when you close your new home by February 15, 2020. Incentives are subject to change and are by the community. Print flyer here