ATLANTA NEW CONSTRUCTION

WHAT IS HAPPENING WITH NEW CONSTRUCTION IN ATLANTA

Like most industries, new construction has taken some hits due to the recent Covid-19 pandemic. For a period of time many builders had were forced to slow down on the number of homes they could build and experienced delays due to supply chain issues.

In the current market we are saying many builders get back on track with Atlanta seeing more new communities beginning development. New construction now presents a great option for buyers that are flexible with their move date. It is usually also possible to get some incentives from the builder in the form of money towards closing costs, upgrades, and builder warranties.

NEW CONSTRUCTION BENEFITS

Great opportunity to get a brand new home with builder warranties. Also great potential to gain positive equity quickly if you get into a new community early.

NEW CONSTRUCTION COST

New construction in the Atlanta metro area can range from $350k to over $1 million. The budget will depend on the area of interest and style of home (single family, townhome, condo).

TAKE CAUTION!

One of the biggest mistakes buyers make when purchasing a new construction home is trying to work through the process without a Realtor representing their best interests. It is important to remember that the builders rep/sales associate is in place to negotiate on the builder’s/seller’s behalf. So working directly with them as a buyer isn’t the best move.

In GA, it is pretty standard for builders to pay the buyers agent commission. So buyers get the benefit of having a knowledgeable expert at their side at the builders expense.