If you're looking to invest in new construction homes in Murfreesboro, Tennessee, you're not alone. According to recent data, Tennessee is building the 11th highest number of new homes compared to existing homes in the United States.
Before you purchase newly built homes, there are some vital things to know.
Read on to learn more about financing, important new home features, and how buying off the plan works to help maximize your return on investment.
Prices and Financing
New construction homes in the Murfreesboro area typically start around the low $400,000 range. However, they can go up to $900,000 or more, depending on factors like the builder, size, and neighborhood.
If you're looking to purchase one or more of these new homes, some builders may provide closing cost assistance or upgrades free of charge. As for financing, there are several options to choose from.
Lenders often provide specialized loans for new construction homes for a lower interest rate. Builders might also offer their own in-house financing programs, which usually include other incentives like upgrades or custom finishes.
New Construction Homes: Features
Every home is different, but some popular features are being offered in many recently constructed houses in the area. Customization is common for buyers who are purchasing off the plan.
These options typically include:
- Your choice of floor plan or a custom plan
- Upgraded fixtures and finishes
- Tech-savvy and eco-friendly appliance packages
Before you purchase one of these newly built homes off the plan, ask the builder what options are available. You may need to talk to several builders in the area to determine which ones have the best incentives.
How Buying Off the Plan Works
So, what does "buying off the plan" mean, and how does it work? This term refers to purchasing a new construction home before it's built.
Doing this allows you to have more control over the construction process. It also gives you an opportunity to make customizations based on your desires, budget, and needs.
Many builders offer lower prices for those planning to purchase a home before it's complete. That's because the builder already has the deal in place, saving them time and money since the house won't sit on the market waiting to be sold.
Quick Tips
If you're buying off the plan, keep these important tips in mind:
- Prepare for possible construction delays
- Look for sustainable homes to save money
- Choose builders that use modern building materials
Do your homework when researching these new construction homes so you're confident in the investment you make.
Find Your New Home Today
With the number of new construction homes growing in Murfreesboro, Tennessee, you can save money buying off the plan. Keep these tips in mind to ensure you get the home you want at a price you can afford.
The team at PMI Professionals has 20 years of industry experience and we use state-of-the-art technology and award-winning strategies for our clients. If you'd like to learn more or would like to schedule a consult, contact us today!
