If myths about buying a newly built home are holding you back, it’s time to separate fact from fiction. Many homebuyers still believe new construction homes are always more expensive, that builders won’t negotiate, or that quality isn’t what it used to be but the truth may surprise you. Current market data from the Census and National Association of Realtors shows median prices for new homes can actually be lower than existing homes, thanks to smaller home sizes and builder price cuts. Many builders are motivated to sell quickly, offering incentives like mortgage rate buydowns and closing cost assistance. Quality construction still exists when you choose a reputable builder, and working with your own local real estate agent is essential to navigate builder contracts and protect your interests. Don’t overlook the benefits of buying a new construction home in today’s market you may find better pricing, more perks, and a home that perfectly fits your needs.
