Why do 41% of Americans Prefer New Builds?

Why do 41% of Americans Prefer New Builds?

Posted by on Monday, May 12th, 2014 at 1:42pm.

5.12 Visual

 

According to a recent study done by Harris Poll, for the same price, 41% of Americans would prefer to buy a newly built home instead of an existing home. 21% prefer an existing home while 38% didn’t have a preference.

However, those desiring a new home may not be prepared to pay for the difference in price. Only 46% percent of those who strongly prefer a new home are willing to pay at least 20 percent extra* to purchase a new home versus a comparable existing home.

Why People Prefer a New Home? With Statistics like this it is a good thing CHL and the Craig Adelman lending team have a 1 time FHA close and a 2 time Conventional Loan.

Reasons to Buy a New Home1

Why People Prefer an Existing Home? Existing Home Preferences1

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