Real estate professionals are excited as market conditions align to create what many are calling the best opportunity for home buyers in five years. For anyone considering a new construction home, now is the time to start talking to builders, visiting communities, and setting yourself up for your next dream home. Painted Prairie’s builder sales counselors often speak with homebuyers about the benefits of new home construction in a new community. According to our builders (and real estate broker community), it’s one of the best ways to start building wealth – and a life.
According to a recent analysis from Realtor.com, here’s why fall/winter 2024 could be the golden ticket to homeownership, especially for those considering new construction:
Industry watchers predict a surge of up to 37% more active listings compared to the year’s start during early October. This translates to a wider selection of homes for potential buyers, with new construction offering the latest designs and features. Additionally, typical buyer demand during this period is 29.5% lower than during peak seasons, potentially easing the pressure on those making offers.
Analysts suggest that purchasing during these seasons could result in savings of over $14,000 compared to buying at the summer peak. For new construction homes, these savings are compounded by reduced maintenance costs and higher energy efficiency, offering long-term financial benefits.
The market pace traditionally slows down during this period, adding more than two weeks to the typical home-buying process. This extended timeline is particularly advantageous for new construction buyers, allowing you to make thoughtful decisions about customizations and upgrades.
Real estate professionals point out that cooler weather creates ideal conditions to explore Painted Prairie, visit our parks, and see how the community changes over the seasons. While we may have snow one day and sun the next, it’s a great way to catch a glimpse of the snow-capped Rockies from High Prairie Park. The Colorado lifestyle extends throughout all seasons. With new phases coming, this timing allows you to see the progress of our developing neighborhoods and amenities, and envision how Painted Prairie fits into your future lifestyle.
New construction homes offer the latest in design trends, technology integration, and energy-efficient features. With many of our builders, you often have the opportunity to customize your home, choosing finishes and upgrades that suit your preferences – an option rarely available with existing homes.
Unlike older homes that may harbor hidden issues, new construction homes come with builder warranties. This provides peace of mind and potential cost savings on repairs and maintenance in the early years of owning your home.
Painted Prairie is a thoughtfully created community with you in mind. We’ve designed our parks and outdoor spaces for year-round enjoyment. These outdoor living spaces take advantage of the natural beauty of our state and offer views that have inspired generations of Coloradoans. From community gardens, pocket parks, and walking trails that connect to every part of the community – you’ll always find a way to make a special outdoor space your own at Painted Prairie.
New homes are built to the latest health and safety standards, incorporating modern ventilation systems, fire safety features, and non-toxic building materials. This focus on wellness is increasingly important for new home buyers. You’ll find that Painted Prairie’s builders also incorporate sustainability and climate-conscious amenities into their designs.
Industry insiders want to remind you that while timing the market right is crucial, the benefits of new construction extend far beyond current market conditions. The combination of modern design, energy efficiency, and the ability to be part of a growing community makes new construction an attractive option if you’re looking to set down roots and build lifetime memories.
For those who have been on the fence about purchasing a new home, market conditions are signaling that now might be the time to act. With favorable buying conditions unseen in years and the added advantages of new construction, this season could be when you find your dream home in Painted Prairie.
Our world-class builder partners are dedicated to creating the perfect home for you and your family. With more than 50 floorplans spanning townhomes, paired villas, and single-family homes, you’re sure to find just the right home you’re looking for at Painted Prairie.
Stop by our open sales centers (there are eight to choose from) and speak to one of our onsite sales counselors. They are ready to help you make your dream home a reality.
