The Harvard Joint Center for Housing Studies predicts that millennials will form 23 million new households over the next 10 years. That being said, it’s important for real estate buyers of any age to understand the pros and cons of their intended purchase. New homes, for example, are incredibly elegant. However, there are several myths that can deter owners from considering them, even if it’s the living situation that they may enjoy the most. With that in mind, here are just a few of the most common myths about buying homes that are newly built.
Buying new homes is always more expensive than buying homes that have previously been lived in.
This is a myth that stems purely from perception. Newly built homes have an extra luxurious feel that may make them seem more expensive. But in reality, homeowners with all types of budgets are often able to find a newly constructed home that’s perfect for their needs. Don’t let your budget hold you back from exploring your options when it comes to custom homes for sale.
All newly built homes in a housing development look identical.
Again, this is a common myth that’s more of a generalization. There are housing developments out there that have homes with similar features. That being said, there are just as many, if not more, that offer homeowners the chance to find unique properties that look entirely different from others in the area. The sky is the limit when it comes to finding a newly built home that’s truly you.
It’s always best to choose a large construction company as opposed to a small one.
Finally, it’s important to understand that the size of the construction company you choose may make a difference in its overall quality. While larger companies often have more workers and resources to complete the job quickly, smaller companies may have trouble balancing too many projects at once. There’s no definite rule, so do your homework by looking for reviews and comparing rates before making your decision.
According to the National Association of Realtors, 52% of home buyers cited finding the right property as the most difficult part of buying a home, and understanding the facts behind these major misconceptions can help you make an informed decision that you’ll be happy with for years to come. For more information about new construction in Red Clay school district, contact Cornish Hills.