What follows is some positive news with which to begin the new year. There is an increasing share of brand-new construction among listed residences in various regions.
There are numerous positives associated with buying a newly constructed home as opposed to an older one. All the modern conveniences and comforts of modern life are included in brand-new construction. Their greater energy efficiency ratings mean less money spent on utilities.
Also, unlike with older properties, you can often discover warranties on newer ones that will pay for any necessary upkeep or repairs. Finally, a property’s value may increase over time due to the desirability of possessing a recently built home. Given these considerations, purchasing a brand new home may be the best option for those looking to maximize their financial return.
Today, the trend shows no signs of abating because to two factors: the drop in home sales and the uptick in building activity caused by the epidemic. In fact, in the third quarter of 2022, 29% of homes sold were brand new, up from 25% the year before.
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