Why Purchase New Construction Homes in Kennett Square in 2024?
The housing market may have been a bit turbulent in recent years, but 2024 looks very promising. New construction townhomes in Pennsylvania can make an especially wise investment.
When you’re ready to invest in your future and enjoy your dream home, the beautiful master-planned community of Kennett Pointe in Kennett Square, PA is here to welcome you. Full of friendly faces and incredible amenities, this exclusive neighborhood is move-in ready for 2024.
Why New Construction Homes Are a Smart Investment in 2024
Once you’ve decided it’s time to start looking for your new sanctuary, you’ll need to choose between touring new construction vs. previously loved homes. While you might find some bargains in existing real estate, it’s wise to take it with a grain of salt, as these homes will cost far more in the long run.
Instead, new construction homes can be the smartest investment in 2024. Take a look at why:
- Superior energy efficiency will save big bucks in utility bills for many decades to come.
- New construction homes come with builder warranties for added peace of mind.
- A brand-new home means it’s in move-in-ready condition, with no need to replace the roof or rip out old carpeting.
- You’ll spend far less on maintenance costs for a new construction home.
- New construction builders like Montchanin Builders offer options for customizations.
- You’ll love the modern floor plans and luxurious touches—from the gourmet kitchen to the cedar trim details.
And of course, if you decide to move to Kennett Pointe, you’ll love that you’re living in a beautiful, walkable community with amazing local amenities.
A Promising Outlook for the Housing Market in 2024
While the housing market during the past few years convinced many people to put their plans to purchase a new home on hold, 2024 is looking quite different. In fact, even the tail end of 2023 forecast better times ahead.
In November 2023, home sales were up by almost 4% year-over-year across the country. This means that overall, 2023 was actually the third best year for home sales since the recession back in 2008. Pennsylvania is mimicking the home sales trends that are evident nationwide.
What’s more, purchasing a home is becoming more affordable. The nationwide mortgage rate went down from 8% to less than 7% fairly quickly, and as of the beginning of 2024 the average is about 6.7% for home buyers. Experts predict that mortgage rates will continue to decline throughout the year, and that inflation will also continue to go down.
All of this means that home buyers have solid reasons to be optimistic that 2024 will be the year they finally find their dream home.
Will 2024 Be the Year You Find Your Dream Home?
2024 can hold good things for you, but only if you take that first step toward making them happen. If you’re ready to fall in love with new construction townhomes in Kennett Square, tour our gorgeous homes in Kennett Pointe.
An exclusive community of just 53 luxury townhomes, Kennett Pointe has so much to offer. From green spaces and recreational areas to shops and other businesses located just minutes away, there’s a lot to love about your new community.
Contact us to schedule a tour and ask our friendly team about our special financing arrangements.
