According to a recent U.S. Census Bureau’s American Community Survey, Austin ranks number 5 in the nation for cities with the youngest housing inventory
. Nearly a third of the 720,000+ residential houses, apartments and condominiums in the area have been built since 2000. That translates to almost 33% of Austin’s housing units, well above the average of 15.8% for all 109 major markets across the country. With mortgage interest rates still near historic lows, it’s still a great time to buy a new construction home. In some cases, buying a home is more affordable than renting. Plus you can enjoy the long-term investment in owning a property while building equity. So if you are in the market to buy a home, you need to consider if you want a new construction or resale home.
There are many benefits to buying a new construction home to consider such as an extended home warranty, the ability to customize, and enjoying a space that no one else has lived in before. Here are some of the top benefits to buying a new construction home.
– Everything is new in a new construction home – the appliances, HVAC system, carpet, fixtures, etc. The likelihood of having to make expensive home repairs in your first few years is low and the fact that you receive a home warranty with new construction helps cover any repairs that may come up.
Customize Your Home
– You get to choose the colors, fixtures, flooring, appliances, cabinetry, and everything else that helps your home reflect you.
New Community Lifestyle
– Many new home communities offer a master-planned lifestyle with neighborhood amenities and events. It’s a great chance to grow with a community in a friendly environment.
If you are thinking about buying a new construction home in Austin, contact Texas Capital Properties
today to get started with yourFREE Buyer Search
. You’ll receive email updates daily with new listings and important information on your home search. We are your real estate source for your Austin Home Search