As the market speeds on and you’re stuck trying to win a home, sometimes the best answer is to just buy a new home. You’re somewhat in control of knowing when you’re going to close it and you know once your offer is accepted that you will have an acceptable home. And other than the wait, the frustration of buying a home should be at a minimum.
Between August 2022 and January 2023, Kootenai County new construction homes sold for an average of $298 per square foot.
With build times out 6 to 8 months, you have to figure the numbers that I am giving you today for homes that were sold in the past six months, might be off $10-$15 per square foot of what you will have to pay right now. Waiting to see if you can catch something that is already built is a gamble and every month you try you have to figure that new home is costing you more.
If you’re curious what Kootenai new construction homes are selling for on average, we have monthly market updates for new construction and existing home sales for Athol, Coeur d’Alene, Hayden, Post Falls, Rathdrum, and Spirit Lake. Just click the town you’re interested in and go to market updates.
Buying a new home is fairly straightforward, as long as you take an existing neighborhood. You will need a pre-approval letter saying your financing is in order but you will not have a mortgage until your home is built and ready to move in. Even at that point, it will be roughly 45 days before your first house payment is due. You may need some down payment for a few of the builders and definitely if you are requiring upgrades. You will pick your floor plan and your lot, colors you want your carpet, counters, and cabinets. And then you’re going to sit back, take pictures and watch your new house grow.
Of course, there are a few additional details but that is what I am there for to guide you through those moments.
Thinking New Construction may be an option for you?
Contact Me and we will get started exploring that option.
Here are some of the areas that are available right now.
This search includes homes to be built, homes that are currently being built and new homes that are done that are not sold.