New home construction in Charlotte County is hot. It’s no secret that the housing market is at an all-time high. Although inventory is low, sales have been higher than in previous years. We hear news stories of homes selling within hours, people lining the streets to tour a new listing, and of everyday Americans struggling to purchase a new home during this time. With the industry the way it is it’s no surprise that many of these potential homeowners are looking into having a new home built rather than purchasing an existing home.
New Home Construction
There are many benefits to having a new home built rather than purchasing an existing house. Due to the current market, many people are starting to recognize why building can be a better option than purchasing. This of course means that builders, especially the good ones, have been busier than ever. This increase in demand along with limited supplies, delayed shipping, and other economic factors have increased the expected time to build.
Benefits of New Home Construction
Since you’re already here looking at new home construction, we assume that you’re familiar with some of the benefits. However, we would still like to focus on a few of them that we think make the biggest impact when choosing a home.
Move in Ready
When you build a home as opposed to purchasing an existing one, you get exactly what you want, and you get it ready to go. With an existing home you will likely have updates, repairs, and delayed maintenance to take care of, either before you move in or while living in your new home. With a new construction you don’t have any of these things to worry about. We take care of all of the details for you and make sure that your home is in perfect condition before moving day.
One of the most fun aspects of building a home is getting to choose all of the features that you want. This is easier to do with a custom home builder than some of the larger companies operating on a nationwide level. This is because we work alongside you to create the home of your dreams that is functional, beautiful, and will stand the test of time.
Contrary to popular opinion, building a new home typically costs around the same as purchasing an existing one. This is because you don’t have to deal with all the repairs and updates required when you buy an existing home. New home construction also comes with the best energy efficient appliances and are built with today’s codes. This means you have better insulation, higher quality windows, and energy efficient HVAC systems, saving you money in the long run.
Why Does it Take So Long?
One of the most common questions builders are receiving at this time is why it’s going to take so long to build a new home. Unfortunately, with demand at the level it is, builders are unable to keep up with all the potential business. This has extended building times for most builders. In fact, if a builder doesn’t have a longer wait time, you should probably look elsewhere.
As we touched on earlier, the current state of the housing market has created a huge demand for both existing and new home construction. This means that builders who do a good job, refuse to cut corners, and want to work with you to create your dream, have had to extend their building times.
Although this may seem like a negative when looking at a purchase, it’s important to keep in mind that any repairs or updates needed for an existing home will also take a long time to complete in the current market. Contractors, handyman, and tradesmen are all just as busy as new home builders. This means you may end up living in a construction zone longer than anticipated. Or you can choose to wait and have your perfect home delivered in around the same time frame.
COVID has affected everyone’s lives drastically. One of the main things economically that we’ve seen from this is limited supplies for all industries. That includes construction. Supply of most construction materials has been drastically limited over the last year. This perfect storm of increased demand and decreased labor to produce the needed materials means that not only are we waiting to build because we’re busy but because we have to wait for materials to be created and delivered.
This market is crazy, no matter what you’re looking to purchase. We believe that new home construction is still a great option for would be home buyers. If you’re still on the fence, we would love to talk to you about what your needs are and how we can help meet those.