June is National Homeownership Month and we’re celebrating in Montgomery County PA. What advice would you share with young buyers on purchasing a home? What do you wish you had known when you purchased your home?
According to the National Association of Home Builders (NAHB), builders have begun recognizing the need to design and construct homes around younger buyers these days. “As the economy recovers and young people who had to live at home with their parents move forward with their lives and achieve their dreams of home-ownership,” reports NAHB Chairman Rick Judson, “home builders are delivering homes that cater to the floor plans, features and affordability that this generation desires.”
That means that energy efficient homes, tankless water heaters and ENERGY STAR-rated appliances top the list and that doors, windows and insulation are a focus, as well. In large part these options are requested due to the longer term annual savings over the life of the home. A recent NAHB study found that older homes (constructed prior to 1960) can expect maintenance costs of $564 a year, while homes constructed after 2008 averaged only $241 annually.
With that in mind Judson stresses that now is the time for young professionals to buy homes. “There are outstanding opportunities in the current market,” Judson explained.
“With near record low interest rates, competitive prices and new homes being built that include open layouts, energy efficient components and other features that cater to young buyers.”
To learn more about current building trends, check the NAHB website or visit NAHB on Pinterest to get project ideas for updating your home. You can also follow me on Houzz, Pinterest, and Facebook to get regular tips and ideas. Please share your first time home buying experience in the comments section below – I’d love to hear about it!
If you’re ready to find your dream home, give me a call at 215-327-9097 or shoot me an email at [email protected] and I’d be happy to help you. I was a first time home-buyer once and understand the excitement and challenges that come along with the process. Put my experience to work for you!