Why a Newly Built Home Could Be Ideal for Your Relocation
When planning a relocation—especially as a medical professional—finding the right home is a key part of the process. While existing homes might be your first consideration, newly built homes are becoming an increasingly attractive option. With more brand-new properties available and builders offering more affordable choices, new builds could simplify your transition to a new area.
Here’s why a newly built home might be the perfect fit for your relocation needs and how partnering with a relocation specialist can help you navigate the process.
1. More Newly Built Homes Are Available Now
When relocating, your housing options often depend on availability. Newly built homes, either just completed or under construction, are taking up a larger share of the market compared to previous years. Traditionally, newly built homes represented only 13% of the housing inventory from 1983 to 2019. Today, that figure has climbed to nearly 29%, according to recent data.
This increase is especially significant given the current shortage of existing homes. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), highlights this trend:
“Even though existing home sales have been stuck at low levels, newly constructed home sales look to mark one of its best annual performances in 15 years . . . The new home inventory has been consistently rising with homebuilders getting active and making up around 1/3 of total inventory.”
For relocating professionals, this means more opportunities to find a home that aligns with your preferences and timeline. Builders are meeting market demands without oversaturating the market, ensuring quality and a variety of options.
2. Newly Built Homes Are More Affordable Than You Think
One of the biggest misconceptions about new builds is that they’re out of reach financially. However, recent trends show that the average cost of new construction homes has decreased compared to last year. This shift is largely due to builders focusing on smaller, budget-friendly designs that cater to affordability without compromising on modern features.
As Realtor.com explains:
“Builders are increasingly bringing smaller, more affordable homes to the market, so buyers may find more newly-built homes that fit their budget.”
For doctors and medical professionals relocating for work, this affordability can make all the difference. Newly built homes often come with the latest energy-efficient technologies, warranties, and custom design options, saving you time and money on future repairs and updates.
Why Work with a Relocation Specialist?
Relocating for a medical career comes with unique challenges—from finding a home close to your new workplace to managing the logistics of moving. Choosing a newly built home involves additional considerations, like understanding builder contracts, timelines, and available incentives.
That’s where a relocation specialist comes in. With expertise in the local housing market and a network of reliable builders, your relocation specialist can:
- Identify new developments that match your needs.
- Negotiate favorable terms and incentives with builders.
- Guide you through the unique aspects of purchasing a newly built home.
Bottom Line
A newly built home offers many advantages for medical professionals relocating to a new area. With more inventory available and affordable options on the rise, this might be the ideal time to consider new construction for your next move.
Ready to explore your options? Connect with us today, and let us help you find a brand-new home that supports your career and lifestyle.
