As we all know, the housing market is still very strong with a demand for newly built homes. This year, master-planned communities will see both opportunities and challenges to deliver new homes to homebuyers.
Cadence has seen strong sales in the past few years and they anticipate the trend will continue. The community offers various home products at differing price points, making it ideal for buyers at various pricing thresholds. And, of course, homes in master-planned communities tend to hold value over time — a major perk for homebuyers.
Interest rates are set to increase a little, however, they are still historically low. It is still a great time for buyers — because they can still stretch their dollar a bit more and get maximum value out of their purchase.
Some other benefits of master-planned living, including the integration of not just homes, but also streets, are amenities – parks, schools, retail fitness centers. Plus, residents can rest assured that everything will be maintained. Master plans tend to be larger in the expanse with more acreage and integration with the city and county — and in many cases infrastructure already in place.
Over 3,300-plus families already call Cadence home, and families moving to the master plan have immediate access to day-to-day amenities. Also, this was incredibly important to the developers of Cadence, having outdoor activities available, such as bike paths interwoven throughout the community, huge open spaces and parks available, swimming pools, pickleball courts, etc.
Contrary to what some may feel, a solid homeowners association and strong CC&Rs (covenants, conditions, and restrictions) allow the community to maintain value. Getting into a community early on is beneficial as costs will likely continue to rise for homes and supply chain issues for materials will take a while to unwind.
When purchasing a newly built home have some patience, especially now as builders manage the ongoing supply chain issues. They are doing their best to secure materials such as lumber, garage doors, baseboards, etc. and they are still facing a labor shortage. This backup can in turn push back closing dates and increase build time before homes are delivered to customers.
Keep in mind that whether you are interested in buying a home or selling a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. We have celebrated selling both New and Resale Homes for over thirty years…..
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Thanks and make it a terrific day…………The Smith King Team