5 Reasons to Build Instead of Buy a House in 2021

Is 2021 the right time to build a new house instead of buy an existing one? The answer may be yes, and here are a few of the most important reasons why it could be a great option for you.

1. Strong Housing Markets Raise Prices

The post-pandemic housing market is currently a seller's market. This means that there are more people competing for the same amount of homes for

sale, and that may continue for some time. Strong housing markets raise prices, require quick purchases, and often make it hard for a buyer to get the home they really want.

A strong housing market is the ideal time to turn to new construction instead. You avoid al the extra costs and compromises inherent in competing with your neighbors for a small inventory of houses. The result is often getting more bang for your buck.

2. People Appreciate a Great Home Right Now

Having spent most of 2020 and much of 2021 at home, homeowners now know the value of having the right place to live.

The fact that the pandemic's effects will drag on for an unknown time has combined with a newfound appreciation of simple, home-based pleasures, and this means you may spend a lot more of your future time at home as well. You deserve to have a home that is tailored to your needs, interests, and lifestyle. And the best place to get that is with new construction.

3. Modern Homes Are Built for Modern Times

Every home is built to reflect the times in which it's born. Older homes were built to reflect the priorities and styles of older times. You can see this in the architectural and design features you may not want, such as closed-off kitchens and small bedrooms. You may also run into less environmentally friendly materials and designs as well as less emphasis on energy efficiency.

4. New Houses Have Few Maintenance Issues

Like a new car, a new house starts off its life with no ongoing maintenance and repair issues. Nothing inside it is old and in need of replacement. Appliances are under warranties. Builders provide their own guarantees. And you can choose to install features that have the quality you're looking for to avoid unnecessary problems and failures.

While it's true that building a new house is a slower initial process than buying a house, you'll likely end up spending time on more maintenance and upkeep challenges over the long term with the latter.

5. Renovations Are Slower and Cost More

Keep in mind that the pandemic has also caused a boom in the remodel market. Many homeowners, both new and existing, have looked around their homes during the pandemic and seen what they want to change. Others are finally completing renovations that were delayed for over a year - and possibly longer, due to economic conditions.

Unfortunately, this translates to the fact that renovations are taking longer to schedule and to finish as you compete with your neighbors for labor, skills, and hours of daylight. A 2021 buyer who opts for a professional home builder not only avoids the clogged renovation marketplace but also is a top priority for a contractor with their own network and a larger budget.

Where to Learn More

If a new house could be a smart purchase in 2021 or beyond, start by learning more about the new construction and buying process. Genuine Home Builders, Inc. can help Florida buyers. We provide a wide range of services and design choices to fit any budget and needs. Cal today to make an appointment and invest in a customized home for you and your family.