APRIL IS NEW HOMES MONTH
Is a New Home Worth the Investment?
John Toth, President
North Coast Building Industry Association (NCBIA) ncbia.com
Despite the news headlines, individuals continue to buy and sell homes. According to a National Association of Home Builders (NAHB) analysis, 88% of homes sold were on the market for less than a month. For many Americans, owning their own home is worth the time and investment.
The benefits of buying a home are numerous. New homes available on the market today are designed to accommodate a variety of lifestyles, from busy on-the-go families to flexible spaces ideal for spending more time at home. Additionally, many new homes offer a range of floor plans and amenities designed to complement everyday family activities.
Today’s homes are more energy-efficient than ever. With innovative materials and construction techniques, new homes are built to be significantly more energy-efficient than homes constructed a generation ago. As a result, not only can they be more affordable to operate, but new homes are also significantly more resource-efficient and environmentally friendly.
Building standards have changed significantly over the decades, keeping pace with the rapid evolution of technology. Due to this evolution, new homes can accommodate today’s advanced technology and be customized to meet the individual homeowner’s needs. And knowing that a qualified professional built the house to adhere to the latest safety codes gives the owner added assurance.
Many benefits are intangible but equally valuable. For example, one of the
The built-in benefits of many new homes are the formation of a new neighborhood. When families move into a new community simultaneously, lasting bonds of friendship and neighborliness often form immediately. Many home builders will host community block parties in these developments to help neighbors of all ages meet and connect.
For many people, a home is the single best long-term investment and a primary source of wealth and financial security. The contrast between wealth-building opportunities and renters is striking. On average, homeowners have a household wealth of $255,000, compared to renters with an average household wealth of $6,300. Americans count on their homes for their children’s education, retirement, and overall personal sense of well-being.
For more information on the benefits of a new home and local home builders, contact the NCBIA. Plus, Our 24/7 Virtual Parade of Homes!!! It allows you to view some of our builders’ new homes and communities on your mobile device or computer. You can also see our remodelers. We know time is our greatest asset, and via our NCBIA Virtual Parade of Homes, we save you time looking for a new home or a community that fits your lifestyle.
We are your local not-for-profit trade association representing member companies involved in all aspects of home building, remodeling, and other services available to help you in the future, and provide more information on the above topic. As you can see, you use an NCBIA member for your protection. If you are unsure that your contractor is a member of the NCBIA or you are looking for a list of NCBIA members, you can visit our website at www.ncbia.com or call 440-934-1090. We also have a job posting board (under the Industry tab).
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