Why It’s Smart to Buy a New Home Before the Spring Market Hits
If you’ve been dreaming of buying a new home in New Hampshire for the past few years, right now might be the perfect time to realize your vision. Smart home buyers don’t wait until the weather warms to start their search. Here’s why it’s a great time to look for your new home while it’s still cold and grey outside:
The market. It has leveled off in the last year or so. Inventory is still good, but it’s less of a seller’s market. And interest rates are down to the lowest levels in about four years. Will they go down more? Perhaps, or they may go back up. Given that uncertainty, locking in your ideal home now while rates are down makes sense with the idea of refinancing should rates continue to drop.
Timing. Looking now helps you beat the inevitable heating up of the housing market that happens in spring and summer. There are fewer buyers out there right now, and that gives you more power in the marketplace. Once the market heats up, you’ll face more competition and potentially higher prices.
Discover Hidden Costs. Let’s face it. New England weather is tough on homes and homeowners. The cost of upkeep on an older home can extend well beyond the purchase price. Looking for your next home while the weather is still cool helps you focus on the all-important factors of construction, weather efficiency, and heating costs. Once warmer temperatures are here, those critical factors can be missed. Homes that look beautiful on the outside might have been built in decades of more lax building codes, harboring less-than-desirable construction and insulation. They may also have older siding, roofs, and windows that don’t hold up to New Hampshire’s hard winters very well. You’ll also want to consider the type and age of heating and fuel systems and their costs.
It’s a Great Time to Consider New Construction. With today’s solid, high-efficiency construction and stricter building codes, new home builds can offer efficiency, lower maintenance, and great peace of mind. If you’re looking for even more increased energy efficiency and lower maintenance costs and effort, considering a townhome may be something to add into your home search mix. Townhome developments in central locations, like Dearborn Village in Goffstown offer the spaciousness of single family homes with virtually maintenance-free living. Imagine not having to shovel snow and enjoying amenities such as all new appliances, 95% efficiency rated FHA furnace, tankless hot water heater, and double Low-E windows for a cozy and worry-free home year-round.
At Dearborn Village, you’ll also be in close proximity to the Goffstown Rail Trail for walking and biking, giving you easy access to scenic outdoor recreation just steps from your door. It’s a lifestyle that blends the comfort of a thoughtfully designed home with the convenience of nearby nature, local shops, restaurants, and everyday essentials.
Ready to dream? Don’t wait; starting your home search now is a smart move. And, if you are interested in exploring the advantages of a town home in a perfect southern New Hampshire location, we invite you to include a visit to Dearborn Village. Happy househunting!