Are you considering buying a home? If so, have you thought about going for something brand-new? Many buyers are increasingly drawn to newly built homes, and it’s easy to see why. According to recent data from National Association of Realtors (NAR), newly constructed homes made up 15% of all home sales last year, marking the highest percentage in 17 years. Let’s explore what’s driving this trend and why a new build might be your perfect fit.
Top Reasons Buyers Are Opting for Newly Built Homes
1. Avoiding Renovations or Unexpected Repairs (42%)
The leading reason for choosing a new home is the peace of mind that comes with brand-new construction. With today’s home prices and inflation, unexpected repair costs are the last thing you want. Newly built homes minimize this risk since they typically require less maintenance upfront. Many builders even include warranties, providing added financial protection for major systems like plumbing, electricity, and HVAC.
2. Customization Options (27%)
One of the most appealing aspects of buying new is the ability to tailor your home to your preferences. From cabinet hardware to floor plans, you can often make design choices that reflect your style. If existing homes aren’t checking all your boxes, building a new one could be the solution to creating your dream space.
3. Community Amenities (25%)
New construction communities often come with desirable amenities like parks, pools, fitness centers, and community gathering spaces. These features not only enhance your lifestyle but also help foster a sense of connection with your neighbors.
4. Limited Inventory of Existing Homes (15%)
With the supply of previously owned homes still below historical norms, many buyers are exploring what new home builders have to offer. Builders are stepping up, providing more options without overbuilding, ensuring that inventory is aligned with demand. Exploring these homes could significantly broaden your options.
5. Energy Efficiency (14%)
Newly built homes are designed with modern energy-efficient materials and technologies. This means lower utility bills and a reduced environmental footprint. High-efficiency appliances, improved insulation, and sustainable systems make new homes a smart choice for eco-conscious buyers.
In a U.S. News Real Estate interview, Kevin Morrow from the National Association of Home Builders (NAHB) highlighted this benefit:
“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, and air conditioning units—that older homes might lack.”
6. Smart Home Features (11%)
For tech-savvy buyers, smart home integration is a key advantage. New builds often come equipped with the latest technology, from smart thermostats to advanced security systems, offering convenience and modern living at its best. Following is a graph showing the percent of newly-built homes purchased from 2011 to 2023.
Why You Need Your Own Agent
While the benefits of new construction are compelling, it’s crucial to have a trusted real estate agent by your side. Builder contracts can be complex, with terms that require careful review. An experienced agent will advocate for your interests, ensure quality construction, and guide you through every step of the buying process.
Bottom Line
A newly built home offers the chance to avoid renovations, enjoy energy-efficient features, and customize your space to your liking—all while benefiting from modern community amenities. If this sounds like the right move for you, let’s connect. Together, we’ll ensure you have expert representation to confidently navigate the journey of buying a new home. Just complete the form below and I will contact you to discuss your options for buying a newly-built home here in Vero Beach!
Vero Beach Home Buyer Form:
"*" indicates required fields