Building a new home can be a lengthy and sometimes stressful process. As a homebuyer, whether you're exploring new construction or considering an existing home, you'll often find yourself rating properties on a scale from 1 to 10. It can be challenging to find a home that scores an 8 or 9, leading many to consider building a custom home to meet specific needs. It's important to weigh the benefits of new construction to ensure that a new build is the right choice for you.
New Construction Statistics
The rolling 12-month statistics show that new construction costs about $10 more per square versus an existing home. Which, is about a $20,000 difference on a 2000 sqft home. However, from start to finish, a new build can take anywhere from 6 to 12 months. This is why building is not always a good option for homebuyers.
Purchasing a new home offers many advantages, from custom design options to newer amenities and homes that are more energy efficient. If you have questions about the home-building process in Louisville, or if you're in search of a reputable builder, don't hesitate to reach out.