In a remarkable trend, newly built homes accounted for 15% of all home sales last year, the highest percentage in 17 years, according to the National Association of Realtors. This shift signals a growing preference for new construction homes among buyers, driven by several compelling factors.
Why Are Buyers Choosing New Construction Homes?
1. Fewer Maintenance Worries
The most cited reason for choosing new construction, noted by 42% of buyers, is the desire to avoid renovations or unexpected issues with plumbing, electricity, or other major systems. New homes come with the peace of mind that everything is brand new and often include warranties, leading to reduced upfront maintenance costs and fewer unpleasant surprises.
2. Customization Options
Around 27% of buyers are drawn to the ability to customize features in a newly built home. While builders often offer a limited range of options—such as countertops, paint colors, and floor plans—this level of customization still allows buyers to make their home feel uniquely theirs.
3. Community Amenities
Modern new home communities are designed with convenience and lifestyle in mind. About 25% of buyers cited amenities like parks, pools, and fitness centers as a significant draw. These features enhance the daily living experience and create a sense of community.
4. Limited Inventory of Existing Homes
The ongoing shortage of previously owned homes has pushed some buyers toward new construction. Fifteen percent of buyers are turning to newly built homes to expand their options, as builders work to catch up after years of under-building.
5. Energy Efficiency
Modern materials, appliances, and building techniques make new homes more energy-efficient, a priority for 14% of buyers. Features such as high-efficiency water heaters and furnaces not only lower utility bills but also reduce the environmental footprint.
6. Smart Home Features
Eleven percent of buyers value the integration of smart home technology, such as automated lighting and thermostats, which add both convenience and long-term value.
Where to Find New Construction Homes in the Portland Metro Area
The greater Portland metro area offers a range of options for those interested in new construction homes.
- Happy Valley: This eastside suburb is one of the fastest-growing areas, featuring modern homes and community-focused amenities.
- Beaverton, Tigard, and Hillsboro: These westside communities are ideal for those seeking energy-efficient homes near major employers in the high-tech industry.
- Wilsonville: Located to the south, Wilsonville stands out for its well-planned neighborhoods, parks, trails, and excellent school options.
Navigating the New Construction Process
Buying a new construction home comes with unique challenges, such as navigating complex contracts and adhering to strict deadlines. Having an experienced real estate agent by your side is crucial to ensuring that your interests are protected and that you receive quality construction.
The Bottom Line
Whether you’re drawn to the low maintenance, customization options, or energy-efficient features of new homes, exploring new construction in the Portland metro area offers exciting opportunities. With the right guidance, you can make informed decisions and find a home that suits your needs and lifestyle.
If you’re considering new construction or have questions about the process, now is a great time to explore your options in this dynamic market.
Join Jackie and Michele on this weeks Monday Market Update as they discuss more in depth: