If you're looking for a new home, now is the time to consider new construction.
The U.S. Census Bureau recently reported a 5.7% increase in the seasonally adjusted annual rate of new residential construction in February 2023, marking the seventh consecutive month of growth.
This means homebuyers looking for new construction have plenty of options, and amazing incentives are available to make your dream home a reality.
Here's what you need to know:
Builders - The Most Motivated Sellers In This Market
Builders are offering significant incentives to entice buyers to make a move, making new construction even more affordable. You can use them to buy down the interest rate, cover your closing costs, or combine both. This can help lower your monthly mortgage payment and increase your purchasing power.
Move-In Ready. Close Quickly
You don't have to wait months for your dream home to be built. With a large pool of standing inventory homes; you can buy your dream home and close as quickly as 30 days.
Benefits of Buying New Construction
Low Maintenance: New homes come with new appliances, roofing, and HVAC systems, which means less maintenance and fewer repairs in the near future.
Energy Efficiency: New homes are typically built with the latest energy-efficient technology, which can help you save money on energy bills in the long run.
Warranty: With a new construction home, you'll typically have a builder's warranty to protect you from unforeseen issues in the first few years of homeownership.
Safety Features: New construction homes have the latest safety features, such as smoke detectors, fire-resistant materials, and improved ventilation systems.
The Sacramento Region Has Options
If you're interested in new construction homes, several options are available in the greater Sacramento area, including Folsom, Roseville, Rocklin -- Placer County, Sacramento County, and El Dorado County.
Homes range in size from 1,500 to 3,500 square feet, with prices starting in the mid-$400,000s and going up to $1 million.
These incentives may only last a short time. Builders will back off on these incentives as demand for new home construction continues.
Please reach out to our team to learn more about the incentives available and start the process of buying your new construction home. You may also apply online for a pre-approval by clicking the link below:
Happy House Hunting!