Still can’t decide between new and old construction? Here’s why it’s worth exploring new homes for sale in Houston, TX.
Reasons to choose a new home for sale in Houston, TX in 2022
If you’re in the market for a newly built home, Houston is a great place to start. The city offers a wide selection of new construction homes in a variety of sizes, layouts, and architectural styles. There are also several real estate developments in the pipeline that will add fresh stock to the housing market.
These developments include Saint Tropez, a 1,000-acre lagoon community with resort-style amenities. Worth an estimated $2 billion, the community will feature
white sand beaches, a surf simulator, and other upscale amenities. Housing options include single-family homes and multifamily properties.
There’s also a lot of building activity in the Houston area, generally speaking. According to data from Greater Houston Partnership, single-family home construction continued to gain momentum in 2020 with 58,063 housing starts despite the pandemic. Multi-family construction also peaked at its highest levels in four years. This means that buyers will have more inventory to choose from.
New construction home sales are also rising due to demand. According to a HomesUSA.com report, total new home sales were higher in all four major new home markets in May 2022 based on the three-month moving average. There were 1,797 total new home sales in May 2022 compared to 1,775 in April in Houston.
Pros of buying a new home in Houston, TX
New construction homes are more likely to be covered by a builder’s warranty, which covers the roof, structure, major appliances, and other important components of the home. This means that buyers won’t have to worry about the costs of repairs for as long as the warranty is in place.
Property condition –
A newly constructed home will be in near pristine condition compared to an older home that has had many occupants over the years. Not only will a new construction home look better overall, it will also investment. Even if you live in the home for five to 10 years before selling, it will still be more appealing to buyers than a 20 or 30-year-old property that needs to be updated.
A new home will feature a contemporary design and layout that is reflective of current real estate trends. This means that you won’t have to spend time and money updating the kitchen or bathroom, for example.
Houston is one of the most desirable places to live in Texas due to its good schools, world-class attractions, vibrant business climate, and career opportunities.
Things to know before buying a new home in Houston, TX
When getting ready to buy a new construction home in Houston, here are some things to keep in mind:
Determine how you’ll finance your home purchase –
If you plan on getting a mortgage, prepare your financial documents ahead of time and shop around for a legitimate lender.
Explore the neighborhood –
It’s worth checking out the community and talking to the homeowners’ association (HOA) to determine whether or not the neighborhood is a right fit for you.
Prepare for additional fees and expenses –
Find out if you’ll have to shoulder additional expenses, such as monthly HOA fees and insurance, before buying a home in a new community.
There’s always something new in Houston real estate. Whether it’s a new master-planned community or condo tower, you’re bound to find a new construction home that meets your criteria.
serve you better in terms of functionality and usage.
Energy efficiency –
New homes are designed to be safer and more energy efficient than the homes of yesteryear. This means that new construction homes are built to conserve and optimize energy. These homes also come equipped with the latest energy-efficient HVAC systems and appliances.
Move-in ready –
Since a newly built home is less likely to require repairs, upgrades, and renovations, you’ll be able to move in right away. This lets you plan the move and get settled faster than you would expect.
Resale value –
New construction typically commands higher resale value than older homes. This makes it possible to receive a larger return on