New Construction: Benefits & East Bay Communities

July 1, 2021 Dudum Real Estate Group

The Bay Area is currently experiencing a monumental seller’s market, as is most of the country. With homes in Contra Costa County selling in an average of 10 days on market for 108% of the asking price, many buyers are feeling defeated. So what’s a homebuyer to do? The answer: look into the benefits of a new construction home.

Benefits of New Construction:

Less Competition: Let’s face it, competition is steep for buying a home in the Bay Area. Many homes are selling well over asking with multiple offers and buyers are getting fatigued and frustrated with the process. Many are settling on their wants and needs, waiving contingencies, and in the end some are making bad investments. With new construction there is less competition. As long as there are lots available there are homes to be bought. With 10+ new construction communities in Contra Costa County alone, you are sure to find what you are looking for.

Get What You Want: In a seller’s market, buyers are often left competing for homes that do not include amenities or furnishings that would be included in their ideal home. Some will completely remodel the home before they move in while others will reason that they can make changes to the home over time. But when you buy new construction, you have the opportunity to speak directly to the builder about what you want in your home. With growing populations in once more rural areas of the Bay Area, new construction buyers can also benefit from the new fire stations, police stations, parks, community spaces/pools, and more needed to accommodate the new population.

Save Time: Searching for a new home can be exhausting, and you might spend months searching for the right house, only to be outbid and have to start the whole process over again. This can be a defeating process. New construction can be an easier option. A sales agent from the builder can work with you and your REALTOR® to make the processes go smoothly and will help you pick the right finishes that make your house a home. The builder will also keep you updated on the progress of your home each step of the way.

Energy Efficiency: The California solar mandate is a new building code that requires new construction homes to have a solar photovoltaic (PV) system as an electricity source. This code, which goes into effect on January 1, 2020, applies to both single-family homes and multi-family homes that are up to three stories high.

The Benefits of Working with a REALTOR® To Buy New Construction:

A REALTOR® can help you narrow down your choices, find the right builder for you, and point you towards the right upgrades. They can even help you understand the purchase contract and assist you with pricing and negotiations. While the purchase price on new construction is often non-negotiable, your real estate agent can negotiate upgrades and possible closing cost assistance. Your REALTOR® will also assist you with inspections to make sure you are informed on your purchase.