What’s Motivating More Buyers To Choose a Newly Built Home?

What’s Motivating More Buyers To Choose a Newly Built Home?

Thinking of buying a home soon? Why not consider something brand-new? Data shows more buyers are drawn to new home construction, and it might be the right choice for you too.

According to the National Association of Realtors (NAR), newly built homes made up 15% of all homes sold last year – the highest percentage in 17 years (see graph below):

The National Association of Realtors (NAR) surveyed recent buyers to understand why so many are choosing brand-new homes. Here are the top reasons driving the popularity of new builds (see graph below):

 Avoiding Renovations or Problems with Plumbing or Electricity (42%)

According to buyers, the biggest advantage of purchasing a new build is the peace of mind that comes with having everything brand-new. In today’s market, where buying a home is already expensive and inflation adds financial pressure, minimizing additional costs is key. 

Newly built homes are less likely to require unexpected repairs, which means lower upfront maintenance costs. Additionally, many builders offer warranties on major systems, providing extra protection for your budget.

Ability To Choose and Customize Design Features (27%)

New builds also give you the opportunity to personalize features to match your unique style. From selecting cabinet knobs and light fixtures to choosing floor plans and siding colors, you can have a home tailored to your preferences. If you’re struggling to find a house that suits your needs, building one might be the perfect solution.

The Amenities of New Home Construction Communities (25%)

New developments often come with added amenities such as parks, pools, fitness centers, and community spaces. These features can enhance your lifestyle and help foster a stronger sense of connection within your neighborhood.

Lack of Inventory of Previously Owned Homes (15%)

With the supply of existing homes remaining below average, more buyers are turning to their agents to explore new construction options – and builders are stepping up. Currently, new builds represent a greater share of available homes than usual, providing buyers with more choices. Rest assured, builders aren’t overproducing; they’re simply addressing the shortfall caused by years of underbuilding.

Energy Efficiency (14%)

Newly built homes often feature the latest energy-efficient materials and technologies, which can reduce utility costs and lessen your environmental impact. As Kevin Morrow, Senior Program Manager at the National Association of Home Builders (NAHB), discussed in a U.S. News Real Estate interview:

“The more energy-efficient mechanics of the house also help reduce utility bills for new home buyers . . . Newly-constructed homes often include green systems and appliances—like high efficiency stoves, refrigerators, washing machines, water heaters, furnaces, or air conditioning units—that homes built years ago might not.”

Smart Home Features (11%)

Lastly, newly built homes often come equipped with integrated smart technologies. For tech-savvy buyers, these modern advancements are a major draw, offering convenience and cutting-edge features right from the start.

The Importance of Using Your Own Agent

Newly built homes are increasingly popular among buyers, and it’s clear why. If you’re ready to explore your options, don’t forget to work with your own real estate agent. Builder contracts can be intricate, but having an agent ensures you have someone on your side to advocate for you, verify the quality of construction, and guide you through every step of the process.

Bottom Line

Skip the stress of renovations and enjoy the freedom to choose the design features you love. If this appeals to you, let’s connect so you’ll have an agent by your side to negotiate with the builder and help you purchase a new home with confidence.