Buying a new construction home in the beginning stages of the development process has its own unique advantages compared to purchasing when the development is almost sold out.
Here Are Some Key Benefits of Buying Early:
1. Better Pricing and Incentives: Developers are often eager to sell homes in the early stages of a project to generate cash flow and create momentum. As a result, they may offer better pricing, financial incentives, or more attractive terms for early buyers.
2. Financing Options: When purchasing in the early stages of a development, you may have access to more attractive financing options or mortgage rates, as developers and their real estate agents may work with preferred lenders to offer competitive packages.
3. More Customization Options: Buying in the early stages gives you the opportunity to make choices about the design, layout, and finishes of your new home. This can include selecting your preferred flooring, countertops, cabinetry, and more. In later stages, these options may be limited or unavailable.
4. Greater Selection of Lots and Floor Plans: Early buyers typically have more choice when it comes to selecting the lot location and floor plan that best suits their needs and preferences. As the development progresses, the most desirable lots and plans tend to sell out first.
5. Potential for Increased Property Value: When the development is completed and the neighborhood becomes more desirable over time, your property value may increase significantly as the project nears completion. Early buyers can benefit from this appreciation.
6. Building Relationships with Neighbors: Being one of the first residents in a new development allows you to establish connections with your neighbors from the start. This can help create a sense of community and foster long-lasting friendships.
If you would like to schedule a one-on-one consultation to discuss the process of buying new construction and to take advantage of purchasing one of our new construction homes, please contact Sharon McNamara or Mary Baker at (508) 591-0808 or [email protected]
