New Construction Home Sales are Up!
Without a doubt, buying a new home is an exciting time for any family, especially because there is so much to look forward to! Everything from starting at a new school, starting a new job and enjoying family time in a fresh space can bring anticipation and enjoyment; these feelings may be even more apparent if you and your family are the first to be living in your new piece of real estate. Being the first family to live in a home is unparalleled because all the memories that you make in that place become the “first,” and it’s a nice feeling to know that you are the ones to make that new house a home. There’s great news for families in Chesterfield and Dinwiddie counties looking for their next home and that’s that new construction home sales are up!
There has been modest month-to-month growth in the area of new construction home sales and an over-all “slow but steady” pace. Between October 2011 and October 2012, multi-family new home construction rose 11.9%, while single-family new home construction rose 35.3%. These numbers are very encouraging to see as the housing market slowly recovers from the recession. However because home prices are still relatively low, a lot of sellers are holding on to their properties and that has, in turn, led to a shortage of inventory on the housing market. This also means that more and more buyers are turning to new home construction to fit their current needs. What does that mean for you and your family? That this is the perfect time to consider building your new home on the perfect piece of real estate in Chesterfield County!
There are, of course, pros and cons to owning a new construction home. For example, some times the newest houses are the furthest from urban centers. This isn’t always the case, but because this can have an effect on your commute to work or the distance to the supermarket, it is very important to do your own research in order to determine where to build your new home. You must also consider the layout of your new home: older homes tend to have many smaller rooms, while new construction homes often have fewer, though much larger, rooms. Also, older homes often offer architectural details that many new construction homes do not have. Finally, you should probably consider what amenities your next home will have. It is a lot easier to find a new construction home that has top-of-the-line kitchen appliances and “extras,” such as skylights, whirlpool tubs, and large, spacious garages. Of course, there are several older homes with the same upgrades, but you should consider the cost of installing them if your older home does not come furnished with these desired luxuries.
The housing market is recovering, and now is the perfect time to build your family’s next home. Whether you’re looking for a peaceful location or the newest upgrades, finishes and features, deciding to purchase a new construction home is a very big decision. Act fast, and you’ll be enjoying the beauty of Chesterfield County in this charming are of Virginia in no time! Search for your new home here.