Frustrated Buyers Turning to New Construction
Across much of the country, real estate markets are tight and inventory levels are historically low. Some homeowners are reluctant to list because they don’t want strangers walking through their homes right now. Others have spent so much time at home that they’ve started re-evaluating how their space supports their lifestyle, leading to a “right-sizing” mindset.
With properly priced homes selling quickly, many buyers are feeling the frustration. For anyone who has some flexibility with their timeline, new construction can be a great alternative to competing in the resale market.
New construction offers something many buyers love:
a fresh, blank canvas to create their ideal home. Modern floor plans, updated mechanicals, and the ability to personalize finishes are appealing in any market—but when resale inventory is low, the draw becomes even stronger.
That said, buying new construction comes with its own set of considerations. Before jumping in, it’s important to ask a few key questions.
Questions to Ask Before Buying New Construction
1. How long will the home take to build?
What possible delays could impact your timeline?
How does the projected completion date align with selling your current home or arranging interim housing?
2. Is your completion date affected by other buyers?
Are timelines dependent on the sale or occupancy of other units or phases?
3. What’s included in the base price?
Which finishes, features, and appliances come standard?
What upgrades or custom add-ons will cost extra?
4. Are there condo or homeowner association fees?
What do they cover?
How might they change over time?
5. What’s happening around the development?
Are there future plans for roads, parking, traffic changes, or additional buildings that could affect noise, congestion, or your view?
Understanding these details helps set realistic expectations so you can decide whether new construction is the right fit for you.
Why New Construction Can Be a Smart Move
In a competitive resale market, buyers can find themselves writing multiple offers and repeatedly missing out. New construction removes a lot of that pressure. Developers in today’s climate are also offering attractive incentives, making this option even more appealing for buyers who have time to wait for a build.
Curious About New Home Developments in Kingston?
If you’re exploring new construction as an option in Kingston and area, we’re happy to chat and walk you through what’s currently available.
Book a quick call with us here.