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When the housing market crashed in 2007 we saw an abundance of homes on the market – and most remained on the market as sellers struggled to sell them. But today, there is a world of difference in our marketplace. Buyers are actually having a hard time finding the perfect home as inventory levels have dropped significantly. And they continue to fall.
One
solution is building a new home. In fact, new construction for one company, Infinity Builders, has been on the rise
steadily since last year with a stark comparison of new builds on the market
from 6 homes just three years ago to being on target for 24 this year. Andrew
Blake of Infinity shares his insight with us about the marketplace and what his
company offers to homebuyers seeking their dream home.
These
days, the most popular floor plan that is offered by Infinity Builders runs for
about $180,000. The plan includes a vast array of amenities plus upgrades and
features that will satisfy the appetite of homebuyers that otherwise are unable
to find everything they are looking for in an existing home.
This
particular floor plan is about 2,200 square feet, has a very large 800 square
foot garage and is loaded with all the bells and whistles that new homebuyers
love to see – granite countertops, stainless steel appliances plus many more
upgrades throughout the home. Bathrooms are finished with high-end fixtures and
gorgeous ceramic tiling. Lighting fixtures and hardware are also high-end
throughout the space.
Another
popular floor plan that they offer is the 1,600 square foot plan that was also
a parade home. Running for about $180,000 to $190,000 these homes are ideal as
a starter home or for a homebuyer that wants to upgrade into something newer.
And contrary to popular belief, the time frame is not more than a few months;
in fact the typical build for Infinity Builders is about 3 months from the
point of beginning to when homeowners can move in.
With
fewer and fewer choices of existing homes available on the market to choose
from homebuyers are either settling for something that just does not cut it or
they are turning to new builds. Without a doubt, the process of a newly
constructed home is exciting not to mention the fresh start that comes with a
brand new home.
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For more
information about buying a home that will be built from scratch – contact us
today. We look forward to serving you!
