New Home Maintenance
We've said it before, but staying on top of home maintenance regularly can save you a whole lot of trouble, time, and money in the long run! Maintaining both projects and systems in your home on a weekly, monthly, or quarterly basis can prevent problems, errors, and neglect. Building a new home can also help keep regular maintenance time and costs down. If low maintenance is a priority, then having a new home built is a great choice. In a 2014 study by the National Association of Homebuilders, 73 percent of new homeowners reported average monthly maintenance expenses just one-fourth (25 percent) of those reported by owners of older homes. But while it’s relatively affordable to keep a new home in good working condition, proper and regular maintenance is critical! Read more in the Moffitt Built monthly newsletter.
Ups and Downs
New statistics from the National Association of Home Builders (NAHB) have indicated that though mortgage applications are currently at a 14-year low, homebuilder confidence has reached a nine-year high! Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to the highest its been in nine years.
The NAHB uses a very precise system to reach these numbers: Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.”
Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor. So, good news - home building is looking positive and if its something you've been considering, the market is in your favor!
New Homes Month
April is New Homes Month and the National Association of Homebuilders (NAHB) is sharing the most popular features in new single-family homes for 2014. It seems that homeowners are opting for features that are practical and functional in daily life including a laundry room and walk-in closets. The priorities seem to be convenience, livability, and energy efficiency.
The great thing about working with a developer on a custom home is that you can include and customize as many or as little of these details as you'd like. Get started with Moffitt Built...we would be privileged to work with you on your custom project.
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