08 May Buyers Prefer Neighborhoods with New Homes

April was new homes month. New homes benefits are typically thought of in terms of the house itself, but the bigger picture reveals that buyers also prefer new home neighborhoods.

How is new construction classified? The American Housing Survey (AHS) defines it as homes that are four (4) years old or less.

Homeowners were asked by AHS to rank their neighborhood on a scale of 1 to 10. Most ranked positive overall, but newly constructed neighborhoods ranked as a 9 or 10 in almost all cases.

Many new neighborhoods now have active community gathering areas, social events, and amenities designed to draw families and neighbors together. Marry that with the new home benefits of hi-tech conveniences, energy efficient appliances and lifestyle customization options and it’s no wonder buyers are choosing new construction over established, older ones.

What would you choose? Tell us why by commenting below or posting to our Facebook page.