Should You Consider a Newly Built Home?

Here’s What You Need to Know

If you’re searching for a home, don’t overlook new builds as an option. Right now, the market has more newly built homes than usual, giving buyers like you more choices. Beyond more inventory, there are some major perks to buying new construction. However, there are also a few things to keep in mind.

The best way to determine if a new build is right for you is by talking to an experienced REALTOR®. They can walk you through the process. But in the meantime, here’s a breakdown of the benefits of buying new construction, as well as a few things to think about before signing on the dotted line.

The Perks of Buying a Newly Built Home

1. Customization Options
   One of the biggest advantages of new construction is the ability to personalize the home to fit your style and needs. Many builders let buyers select flooring, cabinetry, countertops, and paint colors. Some even allow changes to the home’s layout. If the house is still under construction, you might have even more flexibility in customizing its features. You can still make some tweaks after builders complete the home. However, acting early in the process gives you the best chance to get exactly what you want.

2. Less Maintenance and Fewer Repairs
   New construction homes come with brand-new everything—roof, appliances, HVAC system, plumbing, and electrical work. That means you won’t have to worry about major maintenance or costly repairs for at least the first few years. On top of that, many builders offer warranties that cover major structural components and home systems, giving you even more peace of mind. When you consider how expensive home repairs can be, this is a huge perk, especially in today’s economy.

3. Eco-Friendly and Energy-Efficient Features
   With advancements in building codes and materials, new homes are typically more energy-efficient than older homes. From high-performance insulation and energy-efficient windows to smart home technology like programmable thermostats and high-efficiency HVAC systems, these features can significantly lower your utility bills. Many new builds also include eco-friendly options. Features such as solar panels or tankless water heaters, help you reduce your carbon footprint while keeping costs down.

4. Builder Incentives Can Make a Difference
   Some builders offer incentives to attract buyers, which can make purchasing a new build even more appealing. These incentives vary but may include closing cost assistance, upgrades, or even interest rate buy-downs to help offset today’s higher mortgage rates. According to Bankrate:

“Some builders offer financial incentives, including flexible financing options, to encourage buyers to purchase. These incentives — especially if they get the buyer a lower interest rate — could make a new-construction home more affordable in the long run.”

While builder incentives can be a great deal, it’s important to work with an agent who can help compare offers and negotiate the best terms.

Things to Consider Before Buying a New Build

As great as new construction sounds, there are a few things to be aware of before making your decision.

1. Longer Timelines Could Delay Your Move
   If the home is still under construction, you might have to wait several months (or longer) before you can move in. Some communities provide quick move-in homes that builders have already completed or nearly finished, while others require patience.. If you’re on a tight timeline, this could be a challenge. As Realtor.com explains:

“For homebuyers who have a short time frame to move into a new home, buying new construction could be challenging if the house isn’t built yet. This is not always the case, since a community may have some quick move-in homes or spec homes that are already complete (or nearly so) and ready for a buyer to move in. But if not, a buyer may have to wait.”

If you’re renting or selling your current home, talk to your agent about timing everything properly so you have a place to live while waiting for your new home to be completed.

2. Potential Price Changes and Upgrade Costs
   One of the sneaky ways that new builds can get more expensive is through upgrades and add-ons. It’s easy to fall in love with high-end finishes and extra features, but those costs can add up quickly. Be sure to set a budget and stick to it. On top of that, material costs can fluctuate due to supply chain issues, inflation, and trade policies, which could impact the final price of your home. As HousingWire notes:

“Upgrades and add-ons, unforeseen delays due to weather, supply chain issues or labor shortages, and expenses like landscaping and fencing not included in the builder’s cost can significantly affect the final price.”

Understand what’s included in the base price of the home versus what costs extra. And don’t forget to leave some wiggle room in your budget to avoid surprises.

3. Location and Neighborhood Development
   New construction homes are often built in developing neighborhoods, which means you could be living in an active construction zone for a while. If you value a quiet and fully established community, this is something to think about. On the flip side, buying early in a new development can sometimes mean getting in at a lower price before home values increase as the community grows.

4. Builder Reputation Matters
   Not all builders are created equal. Some have excellent track records for quality construction and customer service, while others may cut corners. Before committing to a builder, do your research. Read reviews, ask your agent about their experiences with the builder, and tour existing homes they’ve built. A good builder will be transparent, communicate clearly, and stand by their work with solid warranties.

Bottom Line

New construction homes come with some amazing perks, from customization to energy efficiency and lower maintenance costs. But they also require careful consideration, especially when it comes to timelines, budget, and builder reputation. The best way to navigate this process is to work with a trusted REALTOR® who knows the ins and outs of buying a new build.

At The Nickley Group, we help buyers weigh their options and find the perfect home. And that’s whether it’s new construction or an existing home! If you’re curious about new builds and want to explore what’s available in Central Florida, let’s talk!