Think New Homes Cost More? Not Right Now.
Think New Homes Cost More? Not Right Now.
If you’re buying a home in South Florida, don’t assume new construction automatically comes with a higher price tag.
Recent national housing data shows newly built homes are selling for about $40,000 less than existing homes on a typical basis. Builders are also offering incentives to move available inventory.
According to recent NAHB data, 35% of builders reduced prices, while 63% offered buyer incentives. Those incentives might include closing cost assistance, mortgage rate buydowns, or upgrades — all of which could make a new home more affordable upfront and month to month.
Why Having Your Own Agent Matters
Before visiting a model home or new construction community, consider working with your own real estate agent. The builder’s sales representative works for the builder.
Your agent represents your interests and helps you compare communities, review pricing, evaluate incentives, negotiate upgrades, and understand the contract. An agent also helps you plan for an independent home inspection, even when the property is brand new.
Looking at New Construction in South Florida?
From Miami-Dade and Broward to Palm Beach and other growing South Florida communities, new construction deserves a spot on your home search.
Let’s compare new construction opportunities, builder incentives, and resale homes to find the option that makes the most financial sense for you.
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