When considering options for purchasing a new home, how do you decide between new builds and existing homes? Sometimes your individual situation makes the decision easy. That's always nice. But sometimes each option has its unique benefits. Let's look at one of the benefits of new-builds now.
Most people are aware of currently increasing home prices here in Colorado Springs and the Pikes Peak region. If you plan to move within the area for upsizing or downsizing purposes, a new build might be worth your time. Here's why:
Every month in an increasing market, builders raise their prices.
When you find a builder you like in an area you like, you can "lock in" on the purchase price. It may take several months to a year for your brand new home to be completed. In the mean time, you can be preparing your current home for sale. As prices continue to rise, your existing home value will increase as well. When it is time to put your home on the market, you may realize a greater return than you would have several months previously. In a rising market, your equity will grow in two places through the whole process.
We at Steel Team Properties would be happy to introduce you to some good local builders and help you navigate the new-build purchase process. Please let us know if you have any questions by calling us anytime at 719-452-4323 or visiting us online. We are here helping our friends find their way home every day.